IT Consulting & Software company Expleo Solutions announced consolidated Q1FY25 results: The operating revenue was Rs 2,522 million in Q1FY25 as compared to Rs 2,251 million in Q1FY24, reflecting a growth of 12% YoY. Total income was Rs 2,544 million in Q1FY25 as compared to Rs 2,268 million in Q1FY24, reflecting a growth of 12.2% YoY. Adjusted EBITDA stood at Rs 397 million with the margin at 15.8% in Q1FY25 as compared to Rs 346 million with the margin at 15.4% in Q1FY24. Profit after tax stood at Rs 237 million in Q1FY25 as compared to Rs 201 million in Q1FY24, reflecting a growth of 18.1% YoY. Basic EPS stood at Rs 15.40 as compared to Rs 13.01 for Q1FY24. The Company’s net cash position stood at Rs 2,606 million in Q1FY25 as compared to Rs 1,640 million in Q1FY24. Commenting on the results, Balaji Viswanathan, Managing Director & CEO, Expleo Solutions, said: “In Q1FY25, we reported revenue growth of 12.0% on year-on-year basis, while there was a sequential decline. Our profit after tax grew by 60.7% on quarter-onquarter basis and 18.1% on year-on-year basis. The business outlook in our core markets remains cautious. However, we are seeing significant interest and traction in the emerging areas such as Embedded systems, AI and Big Data projects. Our AI and Business (Digital) transformation initiatives are progressing well, with a dedicated team of experts who are pursuing R&D; efforts in building AI, ML, and specifically on Generative AI through our labs. We have strategic Proof of Concepts that are currently underway with key clients and prospects. We remain focused on managing our costs and improving utilization. While the demand for talent has not yet broadly picked up, we are seeing a growing need for the niche skills in Digital, AI and Big Data, and we continue to add partners in these areas. Additionally, we have seen improvement in DSO and cash collection since last quarter, and we expect it to remain within the target levels during the year. Our focus remains on driving growth through strategic initiatives, maintaining operational efficiency, and capitalizing on emerging opportunities to deliver sustained value to our stakeholders.” Result PDF