BSOFT / Q3-FY26 / claim-ledger

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BIRLASOFT · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ3-FY26 · 2026-01-15Back to quarter ↗

Questions audited

Answered directly

83%

Numeric claims

Consistency

contradicted

Question ledger

What was answered, and how?

SEP Sha · Aquarius Securities

direct

Offshore revenue mix jump implies higher volume growth?

your analysis is exactly right... from a volume perspective mathematically yes you're correct the volume growth is higher but since the offshore ratios are higher that obviously suppresses growth but improves margins

SEP Sha · Aquarius Securities

direct

Which verticals have demand headwinds and which are confident?

manufacturing business will continue to show headwinds even in 4Q... ENU and financial services will continue the growth momentum... Life sciences I feel there will be headwind in 4q

Deep Ma · MK Global

direct

Margin walk: one-offs and sustainable margin level?

net oneoff there is a forex impact of 70 to 80 basis points... oneoffs of 110 basis points... steady state EITA margin from the 18.2% is down to 16 1.5%... we believe that 15% EITA margin should be a sustainable run rate margin

Deep Ma · MK Global

direct

Were furloughs similar to last year?

No furlows were in line.

Deep Ma · MK Global

direct

Wage hike decision and timing?

we've already taken a decision that we will do a wage hike next financial year... we will affect a wage hike between Q1 and Q2

Priyanka · Valum Capital

direct

Why did data & digital revenue decline? Is it one-off?

our data and digital business fundamentally is strong... the reason why you see a little bit of degrowth is because it is in line with financial services which is affected by furloss... we are reasonably certain that that growth will be back in Q4

Priyanka · Valum Capital

partial

Deal wins: net new vs renewals, outlook for FY27?

our 4Q signings will be better than Q3 signings... as far as revenue targets are concerned, it is a little too early for us to think about that... we don't give a guidance

Abhishek Shindar · Inred Capital

direct

What is driving standalone business growth and margin?

the standalone results is where a lot of the RO revenues are captured... we had a couple of customers where we achieved milestones and as a result we were able to book additional revenue... the impact of forex benefit pretty much sits in the standalone financials

Ravi Manolon · Mquiri

direct

Are you getting closer to large accounts with huge wallet?

we are using our domain capability... it is bearing some fruit and we are able to win some outcome based deals... we are very pleased with the fact that now we are having conversations with our clients which are more domain orientated

Manik Tala · Access Capital

direct

How much of margin guidance is pricing concession vs investments?

none of the investment that we are looking at has anything to do with margin concession... providing concessional margin is not a way to gain revenue... the investments will be in people and in capabilities

Manish · Valum Capital

evasive

Any plans for buyback given cash pile?

this is a topic that the board is fully seized off... we will continue to look at opportunistic... capital allocation is certainly part of the entire exercise

Pulkit Cha · BNK Securities

partial

Is Q4 still a sequential growth quarter?

we still maintain that H2 will be better than H1 as far as signings are concerned... on revenue you have to give us some time... the only reason I'm not giving a number is because we do not guide anything