Edit this postMacquarie on BirlaSoft
Downgrade to U-P from O-P, TP cut to Rs 350
Rev decline continued into 4Q & broad-based across verticals & clients
Had expected margin expansion from an offshore shift, but think this seems unlikely now
Cut FY26E/27E EPS est. by 30%/28%
Downgrade to U-P from O-P, TP cut to Rs 350
Rev decline continued into 4Q & broad-based across verticals & clients
Had expected margin expansion from an offshore shift, but think this seems unlikely now
Cut FY26E/27E EPS est. by 30%/28%
