Birlasoft Limited (BSE: 532400, NSE: BSOFT) shares closed at 402.10 on Wednesday, down 1.52% from the previous close. The stock traded between a day’s high of 408.90 and a low of 398.15.
The IT services company reported its unaudited consolidated financial results for the third quarter ended December 31, 2025 (Q3 FY26) today. The 52-week range for Birlasoft shares is 331.00 to 541.75. The stock has seen a recent trend of consolidation following earlier gains.
Q3 FY26 Financial Highlights
Birlasoft reported revenue of ₹13,475 million (150.8 million) for Q3 FY26, a sequential increase of 1.4% quarter-on-quarter (QoQ) in INR terms and 0.1% QoQ in USD terms. In constant currency terms, revenue grew by 0.3% QoQ.
EBITDA for the quarter stood at ₹2,448 million (27.4 million), with the EBITDA margin expanding to 18.2% from 16.0% in Q2 FY26. Profit After Tax (PAT) was ₹1,199 million (13.4 million), translating to a basic EPS of ₹4.28. Adjusted PAT, excluding the impact of labor code changes and one-time incremental tax for FY26, was ₹1,802 million (20.2 million).
Deal signings (TCV) reached 202 million during the quarter, an 89% increase QoQ, with new deal wins contributing 94 million and renewals 108 million. Cash and cash equivalents rose 6.3% QoQ and 21.2% year-on-year (YoY) to ₹24,914 million (277.2 million). Days Sales Outstanding (DSO) improved to 54 days from 55 days in Q2 FY26.
Operational Performance and Outlook
Revenue performance in Q3 FY26 was primarily driven by the Manufacturing vertical, which grew 3.4% QoQ in dollar terms. Infra and ERP service lines also saw growth of 9.9% QoQ and 1.9% QoQ, respectively. The active client count decreased to 232 in Q3 FY26 from 239 in Q2 FY26, attributed to some tail account rationalization. Workforce strength stood at 11,645 as of December 31, 2025, with attrition at 13.1% during Q3 FY26.
Analyst Actions
No specific analyst upgrades, downgrades, or price target changes were immediately reported following the earnings announcement.