New Delhi, January 28, 2026: Birlasoft Ltd [BSE: 532400, NSE:BSOFT], part of the multibillion-dollar CKA Birla Group, today reported its unaudited consolidated financial results for the third quarter ended December 31, 2025 (Q3 FY26).
Mr. Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “Our performance reflects our ability to secure orders, drive operating efficiencies, and generate strong cash flows in a seasonally weak quarter. Deal signings of $202 million TCV during the quarter have been the best so far in the current financial year, with new engagements constituting 46% of the total wins. Many of these deals were won on the back of our domain expertise and AI-led capabilities. We continue to make the investments necessary to build a differentiated value proposition.”
“Our revenue during the quarter grew 1.4% quarter-on-quarter to ₹13,475 million, demonstrating resilience in the face of furloughs and continued macro- economic uncertainty. Our concerted efforts over the past few months to enhance our quality of revenues and optimize our cost structure continue to deliver results, with EBITDA margin expanding from 16.0% in Q2FY26 to 18.2% in Q3 FY26. This is the second consecutive quarter of strong margin expansion, led by operating efficiencies, and aided by exchange rate tailwinds and some one-offs. Our cashflow generation continues to be robust, with the highest quarterly collection during the current fiscal, resulting in cash and cash equivalents increasing by 6% QoQ and 21% YoY to ₹24,914 million,” said Mr. Chandrasekar Thyagarajan, Chief Financial Officer, Birlasoft.
Key Financial highlights for Q3 FY26
IN INR
· Revenue at ₹ 13,475 M, up 1.4% QoQ
· EBITDA ₹ 2,448 M, EBITDA Margin at 18.2%
· PAT at ₹ 1,199 M translating to basic EPS (not annualized) of ₹4.28
· Adjusted PAT at ₹ 1,802 M translating to basic EPS (not annualized) of ₹6.44
· Cash and cash equivalents rise 6.3% QoQ and 21.2% YoY to ₹ 24,914 M
IN USD
· Revenue at $ 150.8 M, up 0.1% QoQ
· In constant currency terms, revenue up 0.3% QoQ
· EBITDA $ 27.4 M, EBITDA Margin at 18.2%
· PAT $ 13.4 M, PAT Margin at 8.9%
· Adjusted PAT $ 20.2 M, Adjusted PAT Margin at 13.4%
Note: Adjusted PAT is after excluding impact of labour code changes and one-time incremental tax for FY26
Other operating highlights
· Revenue performance during Q3FY26 was led by Manufacturing among verticals and by Infra and ERP among service lines.
o Manufacturing up 3.4% QoQ in dollar terms, while the other verticals registered a sequential decline.
o Infra up 9.9% QoQ and ERP up 1.9% QoQ.
o Revenue contribution from Top 5, Top 10 and Top 20 customers increased QoQ.
· Signed deals of TCV $ 202 M during the quarter with new deal wins TCV of $ 94 M and renewals of $ 108 M.
· Active Client Count at 232 in Q3FY26 (compared to 239 in Q2FY26 and 265 in Q3FY25), reflecting some tail account rationalisation.
· Cash & Cash equivalents stood at $ 277.2 M by the end of Q3FY26 versus
$ 263.9 M at the end of Q2FY26. In rupee terms, cash and cash equivalents increased from ₹ 23,434 M at the end of the Q2FY26 to ₹ 24,914 M at the end of Q3FY26.
· Q3FY26 DSO improved to 54 days from 55 days in Q2FY26.
· Workforce strength stood at 11,645 as on 31st December 2025 and attrition was 13.1% during Q3FY26.
Key deal wins for the quarter…
· Won a strategic engagement with a leading Payments & Cards client in the BFSI vertical to build Conversational AI and agentic capabilities for its eGRC platform, including an executive conversation layer enabling senior leadership to seamlessly track, monitor, and manage complex enterprise GRC functions.
· Secured a multi-million-dollar deal with one of the largest US P&C insurers for Data Transformations and Data Integration Services.
· Signed a large extension win of business with a global commercial & specialty insurance carrier.
· Secured a multi-year engagement to design, build, and deploy AI agents across a customer’s business ecosystem in the Manufacturing vertical, encompassing end-to-end business analysis and the development of scalable, packaged AI solutions.
· Signed a large scale multi-million-dollar renewal for infrastructure managed services engagement with a leading Oilfield Services provider in the ENU vertical, integrating automation and AI-driven operations to enhance service efficiency and resilience.
Awards & Recognitions
· Birlasoft recognized as “Star Performer” and “Major Contender” in “Everest Group’s Banking IT Services PEAK Matrix® Assessment 2025”
· Birlasoft recognized as “Major Contender” in “Everest Group’s Payments IT Services PEAK Matrix® Assessment 2025”
· Birlasoft recognized as “Leader” in “Manufacturing Industry Services and Solutions 2025 – Mid-Tier and Specialist IT Firms ISG Provider Lens® Study – Global”
· Birlasoft recognized as “Leader” in “Oil and Gas Industry 2025 ISG Provider Lens® Study – Americas”
· Birlasoft recognized as “Product Challenger” and “Market Challenger” in “Medical Device Digital Services 2025 ISG Provider Lens study”
· Birlasoft positioned in “Horizon 2” in “HFS Horizons: Legacy Application Modernization Services, 2025”
· Birlasoft positioned in “Horizon 2” in “HFS Horizons: Life Sciences Services Providers, 2025”
· Birlasoft recognized as “Disruptor” in “Digital Workplace Services 2025-26 RadarView “ by Avasant
· Birlasoft ranked 40th in the DEI 100 – India’s first Diversity, Equity and Inclusion Index, reflecting its progress in advancing inclusion.
· Birlasoft is one of India’s Top 50 Best Workplaces in IT & IT-BPM 2025.
