Transcript of Earnings Call held on July 28, 2026

August 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 July 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 July 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 Q1 FY27 Earnings Conference Call 5.30pm IST, 28 July 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 14 Classification: Public Birlasoft Limited July 28, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Q1 FY27 Earnings Conference Call hosted by 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 and then zero on your touchtone phone. I now hand the conference over to Mr. Abhinandan Singh, Global Head — Investor Relations, Birlasoft. Thank you, and over to you, Mr. Singh. Abhinandan Singh: Thank you, and welcome, folks. By now, you'd 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 CFO Mr. Chandrasekar Thyagarajan or Chandru, as we call him. We will begin the call today 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 this, 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 everyone wherever you are, and thank you for joining us today as we share some perspectives on our performance for the first quarter of the current fiscal. We've delivered a revenue growth of 0.3% in constant currency quarter-on-quarter. However, the revenue has been flattish in dollar terms. In rupee terms, we've grown 2.3% sequentially, and we have grown 7.4% year-on-year. Our EBITDA margins have normalized to 16.1% without any one-off items like we had in the past quarter, and it is closer to our sustainable range. EBITDA for the quarter, we've delivered INR 222 crore, up 40.3% year-on-year. We've also seen our cash collections being strong. And as a result, our cash balances have risen as well. Chandru, our CFO, will provide some colour on all of this in his remarks. Our deal signings during the quarter have also been quite strong. We've delivered $168.7 million of TCV signings, which is up 20% year-on-year, and this includes several AI-led engagements. We've been selected as a strategic AI partner for a leading financial services player in the U.S. Birlasoft will help accelerate the client’s AI innovation by designing, piloting and scaling high- impact AI use cases, enabling faster experimentation and enterprise-wide adoption of AI solution. Page 2 of 14 Classification: Public Birlasoft Limited July 28, 2026 In addition, we renewed and expanded our ongoing strategic engagement with the same client. The program transforms traditional run support into an AI-first, intelligence-driven operating model through a centralized AI automation hub powered by Gen AI, RPA and AI Ops. Similarly, in Europe, we won a multiyear deal with AI-led transformation to modernize core applications, migrate to cloud and replace legacy platforms for a leading banking group. This will leverage Birlasoft's AI framework, delivering faster software development, optimizing operating costs, enhancing customer experience and improving agility. Likewise, in the LSS vertical, we've secured a strategic engagement with one of the world's leading pharma and medtech companies to deploy Gen AI-powered solutions across their pharmacovigilance operations. These deal wins and engagements add to our growing base of engagements where we are already deploying advanced AI-powered capabilities. This, in turn, is an outcome of our early and sustained investments in strengthening our AI capabilities across four strategic dimensions: one, delivering solutions and projects with Agentic AI tools to our customers; two, enhancing the Birlasoft Cogito AI platform to deliver faster with high quality; three, accelerating talent transformation; and four, building a Forward Deployed Engineering model. We have reimagined the engineering workflows for our top 10 service offerings with an AI-first approach while maintaining the human-in-the-loop controls to ensure security, governance, quality and reliability. Our core enterprise Agentic AI platform that orchestrates and governs workflows across the AI stack with security is, as you know, Cogito. We have also launched LynX, our AI-powered test engineering platform. We are now also leveraging Sigma, which is our Agentic AIOps and AMS platform. Cogito differentiates by orchestrating hyperscaler AI, platform-native AI, third-party copilots as enterprise agents. It embeds governance at the execution, eliminating lock-in to any single model, cloud or AI tool. We've demonstrated that Birlasoft Cogito MVP platform to 15-plus clients, and they see business value in accelerated delivery with the platform. And we are discussing with many more. Today, over a quarter of the code we generate is through various agentic AI tools. So as you can see, while the demand environment remains unchanged, we have made substantial progress in building our tech capabilities and leadership teams. Last quarter, we had updated you on the many leaders we had brought on board across various levels, including a data and AI leader, an ERP leader, a global partnership alliances leader, and also a new leader to head up our LSS vertical. We continue to make significant efforts to further expand our sales teams, and you should expect to see substantial increase in this over the next few months. At this point, I will ask Chandru, our Chief Financial Officer, to share his perspectives on the quarter under review. Chandru, over to you. Page 3 of 14 Classification: Public Birlasoft Limited July 28, 2026 Chandrasekar T.: [Showing first 8,000 characters — download PDF for full document]