IT Consulting & Software company Expleo Solutions announced Q2FY26 results The operating revenue was Rs 2,827 million in Q2FY26 as compared to Rs 2,593 million in Q2FY25, reflecting a growth of 9.0%. Total income was Rs 2,954 million in Q2FY26 as compared to Rs 2,719 million in Q2FY25, reflecting a growth of 8.6%. Adjusted EBITDA stood at Rs 483 million at 17.1% in Q2FY26 as compared to Rs 423 million at 16.3% in Q2FY25, reflecting a growth of 14.2%. Profit after tax including OCI stood at Rs 431 million at 14.6% in Q2FY26 as compared to Rs 357 million at 13.1% in Q2FY25, reflecting a growth of 20.7%. Basic EPS stood at Rs 25.62 for Q2FY26 as compared to Rs 22.86 for Q2FY25, reflecting a growth of 12.0%. The Company’s net cash position stood at Rs 3,030 million in Q2FY26 as compared to Rs 2,762 million in Q2FY25. Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “We delivered a strong quarter, recording year-on-year growth of 8.6% and quarter-on-quarter growth of 10.8%, despite challenging market conditions—particularly in Europe, where we have a significant presence. We had a growth across all our key markets; however, the growth in Europe and North America markets outpaced the growth in the middle east and APAC markets. We continue to remain optimistic about the growth opportunities in the North America and middle east markets and expect their growth momentum to continue. Operationally, it was an outstanding quarter, with continuous improvement across nearly all key metrics. We achieved record-high utilization levels as our delivery operations became more agile and responsive to evolving business needs—well supported by our talent teams through just-in-time hiring practices. Although attrition remains slightly above our long-term average, it has not materially impacted delivery, and all projects continue to meet agreed SLAs. Recognizing the importance of continuous learning in a rapidly evolving technological landscape, we have launched an ambitious organization-wide AI training initiative, including support functions, aimed at driving measurable improvements in operational efficiency. Our sustained investments in Artificial Intelligence and Digital Transformation initiatives are beginning to bear fruit, with our AI and AI-enabled services generating revenue and creating new business opportunities. We are confident that this momentum will continue, and these initiatives will serve as long-term differentiators that enhance our AI capabilities, strengthen our value proposition, and reinforce our competitive edge. Our strategic priorities remain clear - driving growth through focused initiatives, pursuing operational excellence with discipline, and leveraging emerging opportunities to deliver sustained value to all stakeholders.” Result PDF
IT Consulting & Software company Expleo Solutions announced Q1FY26 results The operating revenue was Rs 2,596 million in Q1FY26 as compared to Rs 2,522 million in Q1FY25, reflecting a growth of 3%. Total income was Rs 2,666 million in Q1FY26 as compared to Rs 2,544 million in Q1FY25, reflecting a growth of 4.8%. Adjusted EBITDA stood at Rs 332 million at 12.8% in Q1FY26 as compared to Rs 397 million at 15.8% in Q1FY25. Profit after tax including OCI stood at Rs 247 million at 9.3% in Q1FY26 as compared to Rs 237 million at 9.3% in Q1FY25. Basic EPS stood at Rs 13.16 as compared to Rs 15.40 for Q1FY25. The Company’s net cash position stood at Rs 2,382 million in Q1FY26 as compared to Rs 2,606 million in Q1FY25. Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “We recorded a year-on-year growth of 4.8% and a QoQ increase of 2.4%, notwithstanding the prevailing market challenges particularly in Europe, where we maintain a substantial presence. Despite these headwinds, we demonstrated commendable progress. In contrast, key markets such as the United States and APAC experienced delays in decision-making, resulting in the deferment of certain projects. We anticipate a reversal of this trend in the upcoming quarter, supported by the commencement of operations in Saudi Arabia. Our operations have become increasingly agile and responsive, with all key performance indicators reflecting optimal health. Our commitment to workforce development through targeted training and upskilling programs has strengthened operational discipline, resulting in meaningful gains in utilization and productivity. While attrition experienced a marginal increase during the quarter, we expect it to stabilize and return to our long-term average in the forthcoming period. We continue to invest strategically in Artificial Intelligence and Digital Transformation initiatives, aligning our service portfolio with evolving market dynamics and client expectations. We are confident that these initiatives will serve as a long-term differentiator, enhancing the value proposition of our offerings and reinforcing our competitive positioning. Our strategic focus remains unwavering to drive growth through targeted initiatives, pursue operational excellence with rigor, and capitalize on emerging opportunities to deliver sustained value to all stakeholders.” Result PDF
IT Consulting & Software company Expleo Solutions announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The operating revenue was Rs 2,558 million in Q4FY25 as compared to Rs 2,554 million in Q4FY24. Total income was Rs 2603 million in Q4FY25 as compared to Rs 2,572 million in Q4FY24, reflecting a growth of 1.2%. Adjusted EBITDA stood at Rs 400 million at 15.6% in Q4FY25 as compared to Rs 398 million at 15.6% in Q4FY24. Profit after tax stood at Rs 236 million at 9.1% in Q4FY25 as compared to Rs 148 million at 5.7% in Q4FY24. Basic EPS stood at Rs 15.51 as compared to Rs 10.12 for Q4FY24. The Company’s net cash position stood at Rs 2,294 million in Q4FY25 as compared to Rs 1,840 million in Q4FY24. FY25 Financial Highlights: The operating revenue was Rs 10,248 million as compared to Rs 9,649 million in FY24, reflecting a growth of 6.2%. Total income was Rs 10,410 million as compared to Rs 9,724 million in FY24, reflecting a growth of 7.1%. Adjusted EBITDA stood at Rs 1,657 million at 16.2% in FY25 as compared to Rs 1,483 million at 15.4% in FY24, reflecting a growth of 11.7% and margin expansion of 80bps. Profit after tax stood at Rs 1,023 million at 9.8% as compared to Rs 887 million at 9.1% in FY24, reflecting a growth of 15.4%. Basic EPS stood at Rs 66.52 as compared to Rs 58.27 in FY24, reflecting a growth of 14.2%. The Company’s net cash position stood at Rs 2,294 million in FY25 as compared to Rs 1,840 million in FY24. Commenting on the results, Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “In FY25, our resilient performance led to a 7.1% growth in revenue and an 80bps improvement in EBITDA margin as compared to FY24. Despite a conservative outlook in Europe, we're incredibly optimistic about the growing interest and traction in the Middle East and North America resulting in us opening a new office in Saudi Arabia. These dynamic markets continue to be our next strategic step, and we'll concentrate our efforts there, especially given the robust uptake of our Mechanical Product Engineering, AI, and Big Data offerings. We also see a significant chance to establish Centers of Excellence in GCCs in India, capitalizing on the current trend and aligning with the 'Make in India' initiative, which is positively impacting our defense sector. Our commitment to AI and Digital Transformation isn't just an initiative, it's a foundational shift. We're eager to broaden our service offerings and are incredibly confident that this strategic move will secure our long-term success. By embracing advanced technologies, we're not just optimizing, we're innovating at every level to deliver exceptional value and redefine client engagement. Navigating potential economic and geopolitical turbulence means we're sharper than ever on managing costs and boosting utilization and productivity to safeguard our margins. The talent market, while currently subdued, is on the cusp of an upswing, and we're ready. Crucially, we're investing heavily in upskilling our workforce, empowering them with the digital expertise needed to excel. Our core strategy remains steadfast: fuel growth through targeted initiatives, relentlessly pursue operational excellence, and capitalize on every emerging opportunity to create lasting value for everyone invested in our success.“ Result PDF
IT Consulting & Software company Expleo Solutions announced Q3FY25 results The operating revenue was Rs 2,576 million in Q3FY25 as compared to Rs 2,502 million in Q3FY24, reflecting a growth of 2.9%. Total income was Rs 2,604 million in Q3FY25 as compared to Rs 2,615 million in Q3FY24, reflecting a marginal decline of 0.4%. Adjusted EBITDA stood at Rs 436 million with the margin at 16.9% in Q3FY25 as compared to Rs 385 million with the margin at 15.4% in Q3FY24. Profit after tax stood at Rs 193 million in Q3FY25 as compared to Rs 338 million in Q3FY24. Basic EPS stood at Rs 12.75 as compared to Rs 21.93 for Q3FY24. The Company’s net cash position stood at Rs 3,501 million in Q3FY25 as compared to Rs 2,117 million in Q3FY24. Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “For 9 Months ended Dec-24, our revenue grew by 8.3% year-on-year and our EBITDA improved by 1%, to 16.3% for the same period. The business outlook in our core markets in Europe continues to remain cautious. However, we are seeing interest and traction in other markets, specifically in Middle East and North America, which will be our focus markets in the coming quarters. We see good traction for our services in the areas such as Embedded systems, AI and Big Data projects. We continue to invest in AI and Business (Digital) transformation initiatives and are excited to embark on this journey to broaden our service capabilities, as we are confident that this will position us for long-term success. By integrating advanced technologies, we aim to optimize our operations, deliver innovative solutions, and redefine the way we engage with our customers. As we expect the economic headwinds might get compounded with geopolitical uncertainties, we remain focused on managing our costs and improving utilization and productivity to keep our margins healthy. The demand for talent continues to remain muted, but we expect this to change and pick up pace in the coming months. We are also investing in upskilling our workforce to ensure employees are equipped with the knowledge and skills needed to excel in an increasingly digital world. We had good collections during the quarter which resulted in a higher cash balance and a lower DSO . I am happy to share that this has helped us to declare a dividend of Rs. 50/- per share, the highest interim dividend declared in the last couple of years. As always, our strategy remains centred on driving growth through targeted initiatives, maintaining operational efficiency, and capitalizing on emerging opportunities to deliver long-term value to our stakeholders”. Result PDF
IT Consulting & Software company Expleo Solutions announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: The operating revenue was Rs 2,593 million in Q2FY25 as compared to Rs 2,341 million in Q2FY24, reflecting a growth of 10.7%. Total income was Rs 2,719 million in Q2FY25 as compared to Rs 2,357 million in Q2FY24, reflecting a growth of 15.4%. Adjusted EBITDA stood at Rs 423 million with the margin at 16.3% in Q2FY25 as compared to Rs 354 million with the margin at 15.1% in Q2FY24. Profit after tax stood at Rs 357 million in Q2FY25 as compared to Rs 200 million in Q2FY24, reflecting a growth of 78.1%. Basic EPS stood at Rs 22.86 as compared to Rs 13.22 for Q2FY24, reflecting a growth of 73.0%. The Company’s net cash position stood at Rs 2,762 million in Q2FY25 as compared to Rs 1,294 million in Q2FY24. H1FY25 Financial Highlights: The operating revenue was Rs 5,114 million as compared to Rs 4,592 million in H1FY24, reflecting a growth of 11.4%. Total income was Rs 5,254 million as compared to Rs 4,625 million in H1FY24, reflecting a growth of 13.6%. Adjusted EBITDA stood at Rs 820 million with the margin at 16.0% in H1FY25 as compared to Rs 700 million with the margin at 15.2% in H1FY24. Profit after tax stood at Rs 594 million as compared to Rs 401 million in H1FY24. Basic EPS stood at Rs 38.26 as compared to Rs 26.23 in H1FY24, reflecting a growth of 45.9%. The Company’s net cash position stood at Rs 2,762 million in H1FY25 as compared to Rs 1,294 million in H1FY24. Phani Tangirala, Managing Director & CEO, Expleo Solutions, said: “In Q2FY25, our revenue grew by 15.4% on year-on-year basis, and 6.9% on a sequential basis. Our profit after tax grew by 78.1% on year-on-year basis and 50.5% on sequential basis. The business outlook in our core markets continues to remain 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 and Data & GRC services enhancements 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 realized significant interest to these initiatives and have several requests for Proof of Concepts that are currently underway with key clients and prospects. We continue to remain focused on managing our costs and improving utilization. While the demand for talent remains muted, we are seeing a growing need for the niche skills in Digital, AI and Data, and we continue to add people in these areas. Our focus remains on driving growth through strategic initiatives, while maintaining the operational efficiency, and capitalize the emerging opportunities to deliver sustained value to our stakeholders.” Result PDF
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
IT Consulting & Software company Expleo Solutions announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: The operating revenue was Rs 2,554 million in Q4FY24 as compared to Rs 2,311 million in Q4FY23, reflecting a growth of 10.5%. Total income was Rs 2,572 million in Q4FY24 as compared to Rs 2,349 million in Q4FY23, reflecting a growth of 9.5%. EBITDA stood at Rs 398 million with the margin at 15.6% in Q4FY24 as compared to Rs 431 million with the margin at 18.7% in Q4FY23. Profit after tax stood at Rs 148 million in Q4FY24 as compared to Rs 290 million in Q4FY23. Basic EPS stood at Rs 10.12 as compared to Rs 18.73 for Q4FY23. The Company’s net cash position stood at Rs 1,840 million in Q4FY24 as compared to Rs 1,577 million in Q4FY23 FY24 Financial Highlights: The operating revenue was Rs 9,649 million as compared to Rs 9,033 million in FY23, reflecting a growth of 6.8%. Total income was Rs 9,724 million as compared to Rs 9,194 million in FY23, reflecting a growth of 5.8%. EBITDA stood at Rs 1,483 million with the margin at 15.4% in FY24 as compared to Rs 2,001 million with the margin at 22.2% in FY23. Profit after tax stood at Rs 887 million as compared to Rs 1,357 million in FY23 Basic EPS stood at Rs 58.27 as compared to Rs 86.27 in FY23. The Company’s net cash position stood at Rs 1,840 million in FY24 as compared to Rs 1,577 million in FY23. Commenting on the results, Balaji Viswanathan, Managing Director & CEO, Expleo Solutions Limited, said: “The Q4FY24 results indicate the challenges in the core markets continue, however the expectation that some of these challenges may correct over the next two quarters. The cost optimisation measures that we took last quarter is expected to show increase in profitability over the next couple of quarters. There is continued effort in ensuring that we are optimising our utilization rates and G&A; costs while balancing with expected future demand. While the overall demand for talent is yet to pick-up, there is still demand for niche skills across AI, Data, DevOps. The investments on AI, Digital and Security will continue as there is a traction and we expect these capabilities will help to drive the future growth. We continue to add Partners in this area. We also received recognition on Data and AI capabilities with our innovative solutions for clients. We had a marginal impact on Collections due to challenges with a couple of larger clients, which has been addressed subsequently." Result PDF
IT consulting & software company Expleo Solutions announced Q1FY24 results: Consolidated Q1FY24 vs Q4FY23: The operating revenue was Rs 2,251 million in Q1FY24 as compared Rs 2,311 million in Q4FY23. Total income was Rs 2,268 million in Q1FY24 as compared to Rs 2,349 million in Q4FY23. EBITDA stood at Rs 346 million at 15.4% in Q1FY24 as compared to Rs 431 million at 18.7% in Q4FY23. Profit after tax stood at Rs 201 million in Q1FY24 as compared to Rs 290 million in Q4FY23. Basic EPS stood at Rs 13.01 as compared to Rs 18.73 for Q4FY23. The Company’s net cash position stood at Rs 1,640 million in Q1FY24 as compared to Rs 1,557 million in Q4FY23. Consolidated Q1FY24 vs Q1FY23: The operating revenue was Rs 2,251 million in Q1FY24 as compared to Rs 2,124 million in Q1FY23, reflecting a growth of 6%. Total income was Rs 2,268 million in Q1FY24 as compared to Rs 2,132 million in Q1FY23, reflecting a growth of 6.4%. EBITDA stood at Rs 346 million with a margin of 15.4% in Q1FY24 as compared to Rs 376 million with a margin of 17.7% in Q1FY23. Profit after tax stood at Rs 201 million in Q1FY24 as compared to Rs 235 million in Q1FY23. Basic EPS stood at Rs 13.01 as compared to Rs 14.79 for Q1FY23. The Company’s net cash position stood at Rs 1,640 million in Q1FY24 as compared to Rs 1,715 million in Q1FY23. Commenting on the results, Balaji Viswanathan, Managing Director & CEO, Expleo Solutions, said, “This quarter has been a challenging quarter across both Technology and Engineering business. While the deal pipeline and business outlook over the long term look quite positive, in the next couple of quarters we expect to face some headwinds as the timelines to close deals and the overall business sentiments are soft given the macro conditions in our larger markets. The deal cycles are taking longer than usual, and the deal sizes are small adding to some short-term pressures on both margins and revenue growth. We had some cost increases as we integrate the operations, the scale should help us in optimizing our costs in the medium term. We continue to invest in our people, skills, and partnerships in anticipation of robust growth in the medium to long term since the fundamentals on scale combined with talent and cost-effectiveness is quite strong. We continue to hire and train, however a little more cautiously in anticipation of the growth. Attrition situation continues to be better for the second quarter and is close to the pre-pandemic levels." Result PDF
IT Consulting & Software firm Expleo Solutions announced Q3FY23 results: Consolidated Q3FY23 vs Q2FY23: The operating revenue was Rs 1,351 million in Q3FY23 as compared to Rs 1,310 million in Q2FY23, reflecting a growth of 3.1%. Total income was Rs 1,467 million in Q3FY23 as compared to Rs 1,328 million in Q2FY23, reflecting a growth of 10.4%. EBITDA stood at Rs 315 million with a margin of 23.3% in Q3FY23 as compared to Rs 289 million with a margin of 22.1% in Q2FY23, with upward movement of 122 bps. Profit after tax stood at Rs 294 million in Q3FY23 as compared to Rs 185 million in Q2FY23, reflecting a growth of 58.8%. Basic EPS stood at Rs 28.22 as compared to Rs 17.17 for Q2FY23. The company’s net cash position stood at Rs 1,599 million in Q3FY23 as compared to Rs 1,082 million in Q2FY23. Consolidated Q3FY23 vs Q3FY22: The operating revenue was Rs 1,351 million in Q3FY23 as compared to Rs 1,058 million in Q3FY22, reflecting a growth of 27.7%. Total income was Rs 1,467 million in Q3FY23 as compared to Rs 1,063 million in Q3FY22, reflecting a growth of 38.0%. EBITDA stood at Rs 315 million with a margin of 23.3% in Q3FY23 as compared to Rs 187 million with a margin of 17.7% in Q3FY22, reflecting a growth of 559 bps. Profit after tax stood at Rs 294 million in Q3FY23 as compared to Rs 116 million in Q3FY22, reflecting growth of 153.7%. Basic EPS stood at Rs 28.22 as compared to Rs 11.10 for Q3FY22, reflecting a growth of 154.3%. The company’s net cash position stood at Rs 1,599 million in Q3FY23 as compared to Rs 1,633 million in Q3FY22. Commenting on the results, Mr. Balaji Viswanathan, Managing Director & CEO, Expleo Solutions Limited, said: “In a seasonally weak quarter, we reported revenue growth of 27.7% on a YoY basis. The outlook remains quite positive albeit with some caution due to several global economic conditions. We signed several new clients and renewed some of our critical engagements. The Digital and new generation testing services continue to show growth and so was our Data Management practice that we added in 2022. Our focus and investments in people, technology and partnerships in the Digital transformation capabilities are enabling the growth in our capability and enhancing our position as a Digital Transformation and Assurance partner. We continue to focus on our costs which are reflected in the continued increase in our net profit and better cash positions. Talent acquisition and attrition saw a slight respite in this quarter, however, the demand and the challenge in finding the right skills is still high. We are focusing on graduate hiring and upskilling in 2023. Finally, the merger process is still underway and awaiting the orders from NCLT which is expected in February 2023.” Result PDF