Analysts/Institutional Investor Meet/Con. Call Updates

November 4, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, G Block, Dalal Street, Bandra - Kurla Complex, Bandra (E), Mumbai – 400001. Mumbai – 400051. Scrip ID: BSOFT Symbol: BSOFT Scrip Code: 532400 Series: EQ Kind Attn: The Manager, Kind Attn: The Manager, Department of Corporate Services Listing Department Subject: - Transcript of Earnings Call held on October 28, 2026 Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of the earnings call of the Company organized on October 28, 2026. The same is also available on the Company’s website at the link https://www.birlasoft.com/company/investors/policies-reports-filings#, under the head – Quarterly Reports → Earnings Call → Transcript. Kindly take the same on record. Thanking you. Yours faithfully, For Birlasoft Limited Sneha Padve Company Secretary & Compliance Officer Membership No. A9678 Classification: Public Birlasoft Limited Q2 FY27 Earnings Conference Call 6.30pm IST, 28 October 2026 MANAGEMENT: MR. ANGAN GUHA, CHIEF EXECUTIVE OFFICER & MANAGING DIRECTOR MR. CHANDRASEKAR THYAGARAJAN, CHIEF FINANCIAL OFFICER MR. ABHINANDAN SINGH, HEAD - INVESTOR RELATIONS Note: 1. This is a transcription and may contain transcription errors. The Company takes no responsibility of such errors, although an effort has been made to ensure high level of accuracy. 2. Any of the statements made herein may be construed as opinions only and as of the date. We expressly disclaim any obligation or undertaking to release any update or revision to any of the views contained herein to reflect any changes in our expectations with regard to any change in events, conditions or circumstances on which any of these opinions might have been based upon. (1 crore = 10 million) Page 1 of 16 Classification: Public Birlasoft Limited October 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q2 FY27 Earnings Conference Call of Birlasoft Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Mr. Abhinandan Singh, Head — Investor Relations, Birlasoft. Thank you, and over to you, Mr. Singh. Abhinandan Singh: Welcome, folks. By now, you would have received or seen our results that were announced earlier today. Those are also available on our website www.birlasoft.com. Joining me on this call this evening are our CEO and MD Mr. Angan Guha and our Chief Financial Officer Mr. Chandrasekar Thyagarajan. or Chandru as we call him. We will begin the call today, as usual, with opening remarks from both Angan and Chandru. But before I hand over the floor to Angan, a quick reminder that anything that we say on this call on the company's outlook for the future could be a forward-looking statement involving significant uncertainty, and therefore, that must be heard or read in conjunction with the disclaimer that appears in our investor update, which you would have received and is also uploaded on our website as well as filed with the stock exchanges. With that, let me hand over the floor now to Mr. Angan Guha, our CEO and MD. Over to you, Angan. Angan Guha: Thank you, Abhi. Good morning, and good evening to all of you, wherever you are, and thank you for joining us today as we share some perspectives on our performance in the second quarter of the current fiscal. As you would have already noticed, we've delivered a revenue growth of 2.1% in both constant currency and dollar terms quarter-over-quarter. In rupee terms, revenue during the quarter grew by 2.7% sequentially. I'm also pleased to note that the Life Sciences among our verticals and the ERP business amongst our service lines, both, have registered their second consecutive quarter of sequential growth in Q2. Manufacturing business as well as the BFSI business also witnessed sequential growth. The E&U vertical continued to remain soft due to a particular ramp down of work in one client. Our EBITDA margin for the quarter considers the fact that an organization-wide compensation revision came into effect from July 2026, but remains within the range that Chandru, our CFO, had called out in the last quarter. We have also seen robust cash flows, collections, as well as our cash balances and the DSO have improved. Chandru will provide more colour on this in his remarks. Deal signings during the quarter came in at 116.1 million TCV, up 9% year-on-year and for the first half at $285 million, which is an uptick of 15% year-on-year. Our deal wins during the quarter includes several AI-led engagements. To just name a few, we have secured a strategic AI-led transformation opportunity involving large-scale platform Page 2 of 16 Classification: Public Birlasoft Limited October 28, 2026 modernization, cloud adoption, and business transformation from a leading European logistics organization. This engagement showcases Birlasoft's AI-driven delivery life cycle (AI-DLC) approach, combining architectural excellence, AI-assisted engineering, automated testing, accelerated migration, and disciplined program execution to modernize mission-critical platforms at scale. Similarly, for a global industrial manufacturer, we have won a 3-year AI-led managed services engagement to support their ERP systems and drive business innovation. Similarly, again, we've been selected by one of the largest medical devices manufacturers in North America to provide a range of services from program governance, AI and data CoE, and core digital transformation. This strengthens the company's long-term relationship with the client as a provider of core transformation services to their IT organization. As I have previously pointed out, we now have a growing base of engagements where we are deploying advanced AI-powered capabilities. We continue to make these investments, both in our technology as well as in our domain areas. During Q2, the quarter that just went by, Birlasoft earned the AWS AI Services Competency status which recognizes our ability to deliver GenAI and Agentic AI solutions on the AWS platform at production scale. AWS awarded the competency after reviewing several live client programs covering enterprise Agentic AI and AI-led modernization of legacy applications, intelligent document processing and governed analytics. This makes Birlasoft an AWS-validated AI partner, and this is already helping us win many more clients and businesses. The new multi- year AI engagement with a global logistics company that I mentioned earlier was secured on the strength of this competency. Birlasoft is now also an OpenAI select partner. This will enable us to continue working with OpenAI to help enterprises build, deploy, and scale AI solutions responsibly and effectively. Our core enterprise Agentic AI platform Cogito, our AI-powered test engineering platform Lynx, and our Agentic AI Ops and AMS platform Sigma together drive our differentiated AI-led offerings. Around a third of our code today, up from almost 25% a few months ago, is now generated using Agentic AI tools. We have reimagined engineering workflows for 20-plus of our top services offerings with an AI-first approach. At the same time, human-in-the-loop controls remain in place for security, governance, quality, and reliability. We continue to embed AI across our service offerings, reimagining engineering workflows and equip our people to work on Agentic AI through our AI development life cycle (AI-DLC) model. In terms of the outlook, with the demand environment remaining unchanged, and H2 of our current financial year expected to reflect some furloughs in 3Q, we still remain committed to in [Showing first 8,000 characters — download PDF for full document]