New Delhi, Nov. 6 -- Birlasoft, a subsidiary of CK Birla Group, released its financial results for the quarter ended September 30, 2020. The company reported fair growth in revenues and earnings on a Y-o-Y basis. At the same time, its quarterly revenue has dropped as compared to the previous quarter. This decline can be considered as the result of an economic breakdown caused by the COVID-19 pandemic.

Its revenue for Q2 stands at Rs 857 crore, up 10.9% compared to the same quarter last year. Revenue has declined by 6.3% from what it was in the previous quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) has increased by 39.7 per cent, standing at Rs 119 crore. It has declined by 5.8 per cent QoQ. PAT is repor...