Birlasoft net profit up 69% at Rs 69 crore for September quarter

Birlasoft, part of the USD 2 billion diversified C K Birla Group, on Thursday reported a 69.3 per cent rise in consolidated net profit at Rs 69.1 crore for the September quarter.

The IT services company had posted a profit of Rs 40.8 crore in the July-September 2019 period, Birlasoft said in a regulatory filing.

Revenue from operations grew 10.9 per cent to Rs 857.5 crore in the period under review from Rs 773.4 crore in the year-ago period, it added.

“Our Q2 results are a testimony to the trust that our customers have in our executional capabilities. Despite the challenging times, we have seen a positive outcome across key performance parameters such as profit, margins, utilisation, deal wins, receivables, attrition, among others,” Birlasoft CEO and Managing Director Dharmender Kapoor said.