BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Birlasoft Ltd. reported subdued Q4 FY22 revenues (2% QoQ). It has been witnessing healthy deal pipeline, client mining, and demand. Hence, the company aspires to surpass FY22 revenue growth (16% YoY) in FY23E and have margin better than FY22 (15.5%).
Birlasoft has also reiterated its aspiration of $1 billion company by FY25E indicating organic growth of ~15% and acquisition of $150 million.
However, considering the macro headwinds and shorter deal cycle we have tapered our revenue expectation to 13.5% compound annual growth rate over FY22-24E and lower our margin expectations.
We have lowered our FY24E revenue and profit expectation by 8.1% and 7.3% respectively.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR