Birlasoft Share Price Soars by 60.7% in Fourth Quarter
📈 Birlasoft Limited has announced its fourth quarter results, with a net profit of ₹180 crores, marking a 60.7% increase on an annual basis. This is a significant jump from the ₹112 crores net profit the company reported in the same quarter last year.
Board Recommends Final Dividend of ₹4 Per Share for FY 2023-24
💰 The board of Birlasoft has recommended a final dividend of ₹4 per share at a price of ₹2 for the financial year 2023-24. However, this recommendation is subject to approval at the upcoming annual general meeting. The ex-dividend date will be announced in due course, followed by the payment of dividends.
Revenue and EBITDA Growth for Birlasoft
💼 Birlasoft’s operating revenue increased by 11.1% to ₹1,362.5 crores, up from ₹1,226.3 crores in the same quarter last year. The company’s EBITDA also saw a significant growth of 32.7% to ₹221.5 crores, compared to ₹166.9 crores in the previous year. The EBITDA margin for the quarter stood at 16.3%, up from 13.6% in the same period last year.
CEO Angan Guha on Financial Performance
📊 Birlasoft’s CEO and Managing Director, Angan Guha, stated, “Based on constant currency, our revenue grew by 9.1% in FY 24 and we saw a 1.6% increase in quarter-on-quarter revenue. During the quarter, Birlasoft signed deals worth a total contract value of $240 million.”
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