DBT Bureau
Bengaluru, 31 July 2024
The DBT Bureau compiles the Q1 results of following companies, operating in the IT, BPM services and technology space.
Birlasoft:
Mid-tier IT services firm, Birlasoft posted a US Dollar revenue of $159.1 million, a rise of 3.8% over the same period past year. However, the revenue declined 2.7% over the previous quarter.
EBIT margin fell to 13.1% in the first quarter as compared to 14.7% in the previous quarter.
“Our performance during the quarter under review reflects a challenging operating environment and tightened discretionary spends by customers. In that backdrop, I am pleased to note that our Infra and ROW businesses, both historically smaller contributors to our revenue, have done particularly well on the back of our efforts to enhance our capabilities and footprint there. Our deal wins during the quarter are also up 10% year on year at $160 million. We continue to invest in our business across our verticals and service lines to strengthen our position as a domain and emerging tech capabilities-led player,” Angan Guha, CEO of Birlasoft said.
BPM player, Firstsource Solutions posted a 7.36 per cent increase in its net profit to Rs 135.25 crore for the first quarter of the current financial year.
Revenue from operations rose to Rs 1,783.87 crore from Rs 1,526.69 crore in the year-ago period. EBIT of the company stood at 11%, up from 10.1% from a year ago.
The company won three large deals in the first quarter apart from adding 10 new clients across BFS, healthcare, and CMT (communication, media & technology) verticals.
“The first quarter of FY25 has showcased our unwavering commitment to innovation, client-centric solutions, and strategic growth. Our industry-leading revenue growth significant deal wins, and robust pipeline reflect the efficacy of our diversified portfolio and the resilience of our team. We continue to leverage our deep industry and functional expertise, and our technology ecosystem partnerships to enhance our role in our clients’ process transformation agendas,” Sanjiv Goenka, Chairman of RPSG Group and Firstsource Solutions said.
Data Patterns:
Data Patterns, the Chennai-based Defense and Aerospace Electronics Systems provider, reported a 27% increase in its net profit to Rs 33 crore in the first quarter of FY25. Revenue was up by 15% year-on-year basis to Rs 116 crore.
Orders book of the company by the end of first quarter stood at Rs 1,017 crore. The order book by the end of last quarter was at Rs 1,083 crore, the company said in a release.
Its EBITDA margin improved by 465 basis points to 36% during the first quarter.
“Our current order book crosses Rs 1,100 crore with an optimal production and development mix. We anticipate strong and steady order inflow for the full year given the government’s emphasis on ‘Made in India’ defence solutions,” S Rangarajan, Chairman & Managing Director, Data Patterns said.
