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Investor Update Q2 FY 2026-27 A C C E L E R AT I N G I nte nt | I n n ovat i o n | I m p a c t
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New Delhi, October 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 second quarter ended September 30, 2026 (Q2 FY27). Mr. Angan Guha, Chief Executive Officer and Managing Director, Birlasoft, said, “We are pleased to report a healthy uptick in our revenue performance during the quarter under review on the back of growth across our top accounts, the Manufacturing, BFSI and LSS verticals, in the Digital & Data and ERP service lines. Order-booking TCV for the first-half of the current year is up 15% YoY. Our AI and emerging tech capabilities continue to be key growth drivers for us. While near-term performance would reflect both macro conditions and usual seasonality, we remain committed to making investments in our sales and domain capabilities with an eye on driving future growth. “ “Our revenue during the quarter grew 2.7% quarter-on-quarter in rupee terms and 2.1% in dollar and constant currency terms. This was enabled by growth in our Manufacturing, BFSI and Lifesciences & Services verticals, partly offset by some softness in our E&U vertical. Margin performance has been strong, considering the organization-wide compensation increase rolled out during the quarter and the ongoing investments in our sales and domain capabilities, with EBITDA margin at 15.2%. Our collections continue to be robust, enabling sustained strong cash flows, with DSO for the quarter at a two-year best of 51 days. Our sharp focus on disciplined execution and operational efficiency position us well to navigate the current macro and tech landscape .“ said Mr. Chandrasekar Thyagarajan, Chief Financial Officer, Birlasoft. Key Financial highlights for Q2 FY27 • Revenue at ₹ 14,162 M, up 2.7% QoQ and 6.6% YoY • EBITDA ₹ 2,153 M, EBITDA Margin at 15.2% • PAT at ₹ 1,596 M translating to basic EPS (not annualized) of ₹ 5.67 • Cash and cash equivalents flat QoQ and 23% YoY to ₹ 28,791 M In INR ₹ • Revenue at $ 148.3 M, up 2.1% QoQ • In constant currency terms, revenue up 2.1% QoQ • EBITDA $ 22.5 M, PAT $ 16.7 M, PAT Margin at 11.3% • Cash and cash equivalents at $ 300.4 M, up 14% YoY In USD $ Birlasoft Q2FY’27 Revenue up 6.6% YoY and 2.7% QoQ to ₹14,162 Mn EBITDA margin at 15.2% PAT for the quarter up 37.5% YoY to ₹1,596 Mn DSO improves to 51 days, Cash & cash equivalents up 23% YoY at ₹28,791 Mn Board recommends interim dividend of ₹3.00 per share Investor Update | Q2 FY 2026-27 2
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Other operating highlights • Revenue performance during Q2FY27 was led by Manufacturing, BFSI and LSS among verticals and by Digital & Data and ERP among service lines. o Manufacturing up 5.2%, BFSI up 3.6% and Lifesciences & Services (LSS) up 2.1% QoQ in dollar terms, while E&U registered sequential decline among verticals. o Digital & Data up 3.4% QoQ, ERP up 2.9% QoQ. o Revenue contribution from Top 5, Top 10 and Top 20 customers increased QoQ. • Signed deals of TCV $ 116 M during the quarter with new deal wins TCV of $ 47 M and renewals of $ 69 M. Deal wins TCV for H1 FY27 up 15.0% YoY at $ 285 M. • Cash & cash equivalents stood at $ 300.4 M by the end of Q2FY27 versus $ 304.1 M at the end of Q1FY27. In rupee terms, cash and cash equivalents were ₹ 28,791 M at the end of Q2FY27 (compared to ₹ 28,786 M at the end of Q1FY27 and ₹ 23,434 M at the end of Q2FY26). • Q2FY27 DSO days improved to 51 days from 55 days in Q1FY27, the best in the past two years, on the back of robust collections. • Workforce strength stood at 11,142 as on 30th September 2026 and attrition reduced to 11.1% during Q2FY27 from 11.7% during Q1FY27. • Birlasoft has been named an OpenAI Select Partner. The company will continue working with OpenAI to help enterprises build, deploy, and scale AI solutions responsibly and effectively. This will enable enterprises get more efficient outcome from every token and a stronger performance per dollar with GPT-6 Astra to realise ambitious goals into business outcomes. • Birlasoft has earned the AWS AI Services competency, which recognizes its ability to deliver Generative AI and Agentic AI solutions on AWS at production scale. This makes Birlasoft an AWS-validated AI partner and is already helping the company win business (a new multi-year AI engagement with a global logistics company was secured during the quarter on the strength of this competency). Key deal wins for the quarter • Selected by one of the largest medical devices manufacturers in North America to provide a range of services from program governance, AI & data CoE, and core Digital transformation. This strengthens the company's long- term relationship with the customer as a provider of core transformation services in their IT organization. • Partnering with a large global professional services consulting firm to deliver services in the US and APAC geos around large scale IT Infrastructure and application separation/modernization in a M&A transaction, to enable end- client to hit key milestones in their acquisition timeline. • Secured a strategic AI-led transformation opportunity involving large-scale platform modernisation, cloud adoption, and business transformation for a leading European logistics organisation. The engagement showcases Birlasoft's AI-Driven Delivery Lifecycle (AI-DLC) approach, combining architectural excellence, AI-assisted engineering, automated testing, accelerated migration, and disciplined programme execution to modernise mission-critical platforms at scale. The opportunity further strengthens Birlasoft's position in the logistics sector while demonstrating its ability to accelerate value realisation, improve delivery outcomes, and reduce transformation risk. • Secured a strategic, multi-year Smart Factory transformation engagement with a leading medical products and technologies organisation. Birlasoft will implement and roll out a standardised Manufacturing Execution System across multiple international manufacturing sites, digitising production and quality operations, strengthening traceability and regulatory compliance, and enabling real-time visibility. • Won a strategic engagement with a leading US private-label credit card issuer to modernize and streamline merchant onboarding by integrating multiple enterprise platforms, including Salesforce and digital front-end applications, as part of a broader business transformation initiative. • Secured a new partnership with a leading US medical professional liability insurer to serve as its development partner for Duck Creek Claims integrations, reinforcing Birlasoft's growing presence in the specialty insurance market. Investor Update | Q2 FY 2026-27
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Recognitions & Awards • Birlasoft received Gold at the Campaign AI Awards 2026 for MedTech IQ – Unlocking Precision Marketing with Synthetic Data in the AI-Enabled Strategic Planning category. • Birlasoft recognised as a ‘Leader’ in AI-Driven ADM Services 2026 ISG Provider Lens® Study • Birlasoft recognised as a ‘Leader’ in Generative AI and Agentic AI Services 2026 ISG Provider Lens® Study • Birlasoft recognised as a ‘Major Contender’ in Everest Group’s Quality Engineering (QE) Services for AI Applications and Systems PEAK Matrix® Assessment 2026 • Birlasoft recognised as a ‘Leader’ in Manufacturing Industry Services and Solutions 2026 ISG Provider Lens® Study • Birlasoft recognised as a ‘Major Contender’ in Everest Group’s Digital Workplace Services PEAK Matrix® Assessment 2026 – North America • Birlasoft recognised as a ‘Product Challenger’ in AI Services in Life Sciences 2026 ISG Provider Lens® Study – Global • Birlasoft recognised as a ‘Product Challenger’ in Medical Device Digital Services 2026 ISG Provider Lens® Study – Europe and U.S • Birlasoft received the Excellence in Treasury & Risk Management award at the 21st Edition of the Future of Finance Summit & Awards 2026. Investor Update | Q2 FY 2026-27
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About Birlasoft Birlasoft is a global technology company enabling “next-generation” digital transformation through expertise in Cloud, AI, Data, and enterprise solutions. Combining industry proficiency with advanced digital capabilities, it helps businesses accelerate change with speed, scale, and purpose, delivering “future-ready” solutions that enhance agility, resilience, and customer experience. Part of the CKA Birla Group and led by Chairman Mrs. Amita Birla, Birlasoft’s over 11,000 professionals drive innovation while building a diverse, inclusive, and learning-oriented culture. With a strong focus on sustainability and long-term value creation, Birlasoft transforms enterprises and communities, earning its reputation as a trusted partner and one of the best places to work. Explore the innovation at www.birlasoft.com. Connect with Birlasoft: Read our News and Blogs Follow us on Twitter, LinkedIn and YouTube. About The CKA Birla Group The CKA Birla Group, is an Indian multinational conglomerate with a multibillion-dollar revenue. With over 35,000 employees, the group operates more than 50 manufacturing facilities across India and the world, with a presence in diverse sectors including technology, automotive, home and building and healthcare. The CKA Birla Group continuously adapts to stay ahead in a changing world. By harnessing technology and investing in people and digital transformation, the Group consistently remains agile and delivers profitable growth. Viewing value creation through a global lens, our companies operate without borders. The CKA Birla Group companies include Birlasoft, GMMCO, National Engineering Industries (manufacturer of NBC Bearings), BirlaNu (formerly HIL), Orient Electric, CK Birla Healthcare (CK Birla Hospitals and Birla Fertility & IVF), Orient Paper, AVTEC and Neosym. Our companies share a common purpose of serving customers, partners and communities to create long term value through trust-based relationships. Our commitment to our community The CKA Birla Group is also known for its deep-rooted commitment to community with institutions like BIT Mesra, Modern High Schools, BM Birla Science Centre, and The CMRI Trust Hospitals, serving millions and nurturing generations of talent. Investor Update | Q2 FY 2026-27 5
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For further information please contact: Investors / Analysts Abhinandan Singh Media Tanushree Mahanty +91 9820293450 +91 9899195348 abhinandan.singh@birlasoft.com tanushreem1@birlasoft.com Investor Update | Q2 FY 2026-27 6
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Fact Sheet Q2 FY 2026-27 DSO 51 days $ 300 M of Cash & Cash Equivalents H1 FY27 Deal Wins TCV $285 M Key Financial Metrics Investor Update | Q2 FY 2026-27 7 QoQ YoY 2.1% -1.1% QoQ YoY Revenue $ M 150.7 145.2 148.3 2.1% -1.6% EBITDA Margin % 16.0% 16.1% 15.2% EBIT Margin % 14.5% 14.7% 13.4% Effective Tax Rate % 44.7% 29.4% 29.0% PAT $ M 13.2 16.9 16.7 PAT - Net Profit Margin % 8.7% 11.7% 11.3% EPS - Earnings Per Share (In ₹) Basic ₹ 4.16 5.72 5.67 Diluted ₹ 4.13 5.70 5.65 Days Sales Outstanding - Billed 55 55 51 Growth (%) Growth (%)Q2 FY27 Key Financial Metrics - Q2 FY27 Financials $ M Q2 FY26 Q1 FY27 Constant Currency (CC) Revenue growth during Q2 FY27
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Key Operating Metrics Investor Update | Q2 FY 2026-27 8 Q2 FY26 Q1 FY27 Q2 FY27 Americas 88.3% 82.9% 83.5% Rest of the World 11.7% 17.1% 16.5% Total 100.0% 100.0% 100.0% Q2 FY26 Q1 FY27 Q2 FY27 Manufacturing 36.6% 37.6% 38.7% BFSI 24.8% 25.3% 25.7% Energy & Utilities 17.3% 17.5% 16.0% Lifesciences & Services 21.3% 19.6% 19.6% Total 100.0% 100.0% 100.0% Q2 FY26 Q1 FY27 Q2 FY27 Digital and Data 58.3% 56.7% 57.4% ERP 31.1% 31.7% 32.0% Infra 10.6% 11.6% 10.6% Total 100.0% 100.0% 100.0% Revenue by Service Offerings Quarter Ended Revenue by Customer Geography Quarter Ended Revenue by Industry Verticals Quarter Ended
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Key Operating Metrics Investor Update | Q2 FY 2026-27 9 Q2 FY26 Q1 FY27 Q2 FY27 Time & Material 50.9% 49.5% 49.4% Fixed Price, Fixed Monthly 49.1% 50.5% 50.6% Total 100.0% 100.0% 100.0% Q2 FY26 Q1 FY27 Q2 FY27 Onsite 46.1% 40.0% 38.6% Offshore 53.9% 60.0% 61.4% Total 100.0% 100.0% 100.0% Deal Wins ($ M) Q2 FY26 Q1 FY27 Q2 FY27 Total Contract Value (TCV) 107 169 116 Total Contract Value (TCV) – New 40 57 47 Revenue by Contract Type Quarter Ended Revenue Mix Quarter Ended
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Key Operating Metrics Investor Update | Q2 FY 2026-27 10 Q2 FY26 Q1 FY27 Q2 FY27 Period Average 88.16 95.01 95.52 Period End 88.79 94.66 95.80 Q2 FY26 Q1 FY27 Q2 FY27 No of Active Clients 239 213 209 Clients added - QoQ (8) (8) (4) No of million $ clients (LTM) US$ 1mn+ Clients 78 72 68 US$ 5mn+ Clients 23 23 22 US$ 10mn+ Clients 11 10 12 Client Contribution to Revenue (LTM) Top 5 39.2% 43.4% 44.2% Top 10 53.3% 56.2% 57.0% Top 20 66.0% 68.6% 69.8% LTM - last twelve months Exchange Rate (₹/US $) Quarter Ended Client Data Quarter Ended
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Key Operating Metrics Investor Update | Q2 FY 2026-27 11 Q2 FY26 Q1 FY27 Q2 FY27 Total Headcount 11,892 11,057 11,142 Technical 10,818 10,043 10,117 Sales & Support 1,074 1,014 1,025 Women Employees 2,985 2,863 2,884 Attrition* (LTM) 13.3% 11.7% 11.1% Utilization 80.6% 81.7% 82.5% * adjusted for < 6 months exits Q2 FY26 Q1 FY27 Q2 FY27 USD Mn 102.0 43.0 15.0 Average rate in ₹ 87.7 90.9 92.1 GBP Mn 7.7 3.3 1.3 Average rate in ₹ 115.4 123.5 126.7 Euro Mn 6.2 3.5 1.8 Average rate in ₹ 99.3 107.8 109.1 Hedge Book Quarter Ended Headcount Metrics Quarter Ended
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Consolidated Income Statement for the quarter ended September 30, 2026 Average $/₹ rate of ₹88.2 for Q2 FY26, ₹95.0 for Q1 FY27 and ₹95.5 for Q2 FY27. Investor Update | Q2 FY 2026-27 12 Particulars 30-Sep-25 30-Jun-26 30-Sep-26 Unudited Unudited Unaudited Revenue from operations 150.7 145.2 148.3 2.1% -1.6% Expenses Employee benefits expense 90.3 88.2 90.2 Other expenses 36.2 33.6 35.5 EBITDA 24.2 23.4 22.5 -3.9% -6.8% EBITDA Margin % 16.0% 16.1% 15.2% -95 bps -84 bps Depreciation & amortization 2.3 2.0 2.6 EBIT 21.9 21.4 19.9 -7.0% -9.1% EBIT Margin % 14.5% 14.7% 13.4% -131 bps -110 bps Other income (net) 2.5 3.1 4.4 Finance costs 0.6 0.5 0.8 Profit before tax (PBT) 23.8 24.0 23.6 -1.9% -1.1% Total tax expense 10.7 7.1 6.8 Profit for the period (PAT) 13.2 16.9 16.7 -1.4% 26.9% PAT Margin % 8.7% 11.7% 11.3% -40 bps 254 bps Quarter ended In $ M QoQ YoY
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Consolidated Income Statement for the quarter ended September 30, 2026 Average $/₹ rate of ₹88.2 for Q2 FY26, ₹95.0 for Q1 FY27 and ₹95.5 for Q2 FY27. Investor Update | Q2 FY 2026-27 13 Particulars 30-Sep-25 30-Jun-26 30-Sep-26 Unaudited Unaudited Unaudited Revenue from operations 13,289 13,794 14,162 2.7% 6.6% Expenses Employee benefits expense 7,964 8,379 8,616 Other expenses 3,193 3,188 3,393 EBITDA 2,133 2,228 2,153 -3.3% 1.0% EBITDA Margin % 16.0% 16.1% 15.2% -95 bps -84 bps Depreciation & amortization 202 193 251 EBIT 1,931 2,034 1,903 -6.5% -1.5% EBIT Margin % 14.5% 14.7% 13.4% -131 bps -110 bps Other income (net) 220 290 425 Finance costs 51 43 77 Profit before tax (PBT) 2,100 2,282 2,250 -1.4% 7.1% Total tax expense 939 672 654 Profit for the period (PAT) 1,161 1,610 1,596 -0.8% 37.5% PAT Margin % 8.7% 11.7% 11.3% -40 bps 254 bps YoY In ₹ M QoQQuarter ended
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Consolidated Balance Sheet $/₹ rate of ₹88.8 for Sep 25, ₹94.7 for Jun 26 and ₹95.8 for Sep 26. 14Investor Update | Q2 FY 2026-27 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited 9.5 12.5 15.4 845 1,180 1,478 15.1 12.3 15.5 1,341 1,167 1,482 1.0 0.5 0.2 92 48 21 60.2 59.5 59.4 5,344 5,635 5,689 0.5 3.5 3.0 43 336 292 2.9 0.2 0.2 257 19 22 35.5 18.8 21.3 3,156 1,779 2,044 4.2 3.9 3.3 371 367 318 1.2 1.4 1.8 103 136 171 3.8 8.9 9.4 337 840 897 12.7 10.8 11.8 1,126 1,022 1,132 4.7 4.5 4.3 418 422 410 0.6 0.4 0.5 50 36 49 178.6 234.6 232.0 15,855 22,204 22,234 96.5 94.0 86.9 8,568 8,903 8,331 24.4 24.5 22.0 2,163 2,318 2,107 46.2 47.5 44.3 4,100 4,494 4,244 3.6 3.3 2.8 322 310 268 3.9 2.6 2.7 343 250 260 0.5 0.3 0.7 42 32 67 29.7 34.4 39.7 2,638 3,261 3,803 535.2 578.4 577.2 47,515 54,756 55,316 Right-of-use assets Goodwill Other intangible assets Financial assets Finance Lease Receivable Capital work-in-progress Intangible assets under development Other financial assets Income tax assets (net) Deferred tax assets (net) Other non-current assets Billed Investments ₹ M Non-current assets Property, plant and equipment $ M ASSETS Particulars as at TOTAL ASSETS Finance Lease Receivable Unbilled Other financial assets Other current assets Current assets Financial assets Investments Trade receivables Cash and cash equivalents Inventories Other balances with banks & deposits
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Consolidated Balance Sheet $/₹ rate of ₹88.8 for Sep 25, ₹94.7 for Jun 26 and ₹95.8 for Sep 26. Investor Update | Q2 FY 2026-27 15 30-Sep-25 30-Jun-26 30-Sep-26 30-Sep-25 30-Jun-26 30-Sep-26 Unaudited Unaudited Unaudited Unaudited Unaudited Unaudited 6.3 5.9 5.8 557 559 559 410.6 446.0 449.6 36,454 42,219 43,085 0.8 0.4 0.8 67 40 77 12.3 10.5 13.2 1,089 990 1,262 0.5 - - 45 - - 0.5 0.1 0.1 42 10 14 9.4 14.2 16.7 838 1,346 1,605 0.4 0.3 0.7 31 32 69 28.9 30.5 27.2 2,562 2,892 2,611 3.7 2.7 3.1 326 258 295 18.1 15.5 14.1 1,604 1,471 1,353 27.5 35.1 31.8 2,440 3,322 3,047 9.0 9.3 7.0 800 877 667 7.4 7.8 7.0 660 740 672 535.2 578.4 577.2 47,515 54,756 55,316 ₹ M Particulars as at $ M Provisions EQUITY AND LIABILITIES Other equity Liabilities - Non-current Financial liabilities Lease liabilities Equity share capital Other financial liabilities Trade payables Borrowings TOTAL EQUITY AND LIABILITIES Current liabilities Financials Liabilities Trade payables Lease liabilities Other financial liabilities Other current liabilities Provisions Borrowings Income tax liabilities (net)
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Average $/₹ rate of ₹95.5 for Q2 FY27 . Consolidated Cash Flow Statement for Q2FY27 Investor Update | Q2 FY 2026-27 16 ₹ M $ M Profit before tax 2,250 23.6 Items to reconcile profit before tax to net cash flows Add: non cash items Depreciation of property, plant and equipment & amortization of intangible assets 251 2.6 Allowance for doubtful debts-trade receivables (net of recoveries) (12) (0.1) Creditors written back 45 0.5 Share based compensation expenses 67 0.7 Unrealized foreign exchange loss/ (gain) 235 2.5 Interest on lease liabilities 28 0.3 Less: interest & other items Interest income (119) (1.2) Others (193) (2.0) Operational cash profit 2,551 26.7 Movements in working capital (210) (2.2) Cash generated from operations 2,342 24.5 Income tax (paid) / received (894) (9.4) Net cash generated from operating activities 1,447 15.2 Net cash flow (used in)/from investing activities (708) (7.4) Net cash flow (used in) financing activities (1,044) (10.9) Balance cash Flow (305) (3.2) Total increase/(decrease) in cash balance (305) (3.2) Opening cash balance 4,803 50.7 Foreign exchange fluctuation 13 (0.5) Total cash balance 4,512 47.1 Cash & cash equivalents 28,791 300.4 30-Sep-26Particulars
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Dial in Information India 18:30 hours IST; Hong Kong / Singapore 21:00 hours; London 14:00 hours; New York 09:00 hours Disclaimer. Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections and statements concerning our plans, strategies, intentions, and beliefs relating to our business and the markets in which we operate. These statements are based on available information, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to the industry. Q2FY27 Earnings Conference Call on 28th October 2026 at 6.30 pm IST Universal Dial In India +91 22 6280 1179 India +91 22 7115 8840 India National Toll Free India 1 800 120 1221 International Toll Free Argentina 0080014243444 Australia 0080014243444 Belgium 0080014243444 Canada 01180014243444 China 4008428405 France 0800914745 Germany 0080014243444 Hong Kong 800964448 Italy 0080014243444 Japan 00531161110 Netherlands 08000229808 Poland 008001124248 Singapore 8001012045 South Korea 00180014243444 Sweden 0080014243444 Thailand 00180014243444 UK 08081011573 USA 18667462133 Playback Start Date: 28th October 2026 Playback End Date: 30th October 2026 Playback Code: 23130# Dial-in Number: India (+91 22 7194 5757)