IT Consulting & Software firm Expleo Solutions declares Q4FY22 result: Q4FY22 Revenue up by 43% YoY to Rs 1,136 million Consolidated Q4FY22 QoQ: The operating revenue was Rs 1,136 million in Q4FY22 as compared to Rs 1,058 million in Q3FY22, reflecting a growth of 7.3% Total income was Rs 1,161 million in Q4FY22 as compared to Rs 1,063 million in Q3FY22, reflecting a growth of 9.2%. EBITDA stood at Rs 249 million with the margin at 21.9% in Q4FY22 as compared to Rs 187 million with the margin at 17.7% in Q3FY22, reflecting a growth of 33.1%. Profit after tax stood at Rs 173 million in Q4FY22 as compared to Rs 116 million in Q3FY22, reflecting a growth of 49.3%. Basic EPS stood at Rs 18.18 as compared to Rs 11.10 for Q3FY22, reflecting a growth of 63.7%. The Company’s net cash position stood at 1,558 million in Q4FY22 as compared to Rs 1,633 million in Q3FY22. Consolidated Q4FY22 YoY: The operating revenue was Rs 1,136 million in Q4FY22 as compared to Rs 793 million in Q4FY21, reflecting a growth of 43.1%. Total income was Rs 1,161 million in Q4FY22 as compared to Rs 800 million in Q4FY21, reflecting a growth of 45.1%. EBITDA stood at Rs 249 million with the margin at 21.9 % in Q4FY22 as compared to Rs 191 million with the margin at 24% in Q4FY21, reflecting a growth of 30.3%. Profit after tax stood at Rs 173 million in Q4FY22 as compared to Rs 102 million in Q4FY21, reflecting a growth of 69.1%. Basic EPS stood at Rs 18.18 as compared to Rs 10.72 for Q4FY21, reflecting a growth of 69.6%. The Company’s net cash position stood at Rs 1,558 million in Q4FY22 as compared to Rs 1,311 million in Q4FY21. Consolidated FY22 YoY: The operating revenue was Rs 4,045 million as compared to Rs 3,009 million in FY21, reflecting a growth of 34.4%. Total income was Rs 4,081 million as compared to Rs 3,063 million in FY21, reflecting a growth of 33.2%. EBITDA stood at Rs 789 million with the margin at 19.5% in FY22 as compared to Rs 698 million with the margin at 23.2% in FY21, reflecting a growth of 13.0%. Profit after tax stood at Rs 533 million as compared to Rs 497 million in FY21. Basic EPS stood at Rs 52.58 as compared to Rs 49.20 in FY21. The Company’s net cash position stood at Rs 1558 million in FY22 as compared to Rs 1,311 million in FY21. Commenting on the results, Mr. Balaji Viswanathan, Managing Director & CEO, Expleo Solutions Limited, said We continue to have good business traction and demand that is driving our growth. The capabilities that we have added across Digital Transformation, Automation first Quality Assurance, Quality Engineering and consultative approach are being received and accepted well by the clients. We continue to see challenges to fulfil market demand in terms of attrition and talent acquisition. We have adopted various methods including hiring through partners to meet the demands. The costs are higher considering the above factors resulting in relatively lesser margins. Our Digital services, new client signing continues to be strong. We have close to 100 active clients, an increase of 20. We have 11 clients with over $1mn revenue and 2 clients with over $5mn. Our onsite deployment has shown a marginal increase in this quarter indicating that the travel is opening. We continue to focus on employee engagement, diversity through connect programs and workshops. We have established a learning platform and partners for technical and leadership skills. The Merger of the unlisted entities is seeing inordinate delays with the regulatory approvals and we hope that we will see progress. Result PDF
IT Consulting & Software company Expleo Solutions declares Q3FY22 result: Q3FY22 Revenue up by 46.8% Y-o-Y to Rs 1,058 million The operating revenue was Rs 1,058 million in Q3FY22 as compared to Rs 721 million in Q3FY21, reflecting a growth of 46.8%. Total income was Rs 1,063 million in Q3FY22 as compared to Rs 768 million in Q3FY21, reflecting a growth of 38.5%. EBITDA stood at Rs 187 million with the margin at 17.7% in Q3FY22 as compared to Rs 137 million with the margin at 19.0% in Q3FY21. Profit after tax stood at Rs 116 million in Q3FY22 as compared to Rs 125 million in Q3FY21. Basic EPS stood at Rs 11.10 as compared to Rs 12.30 for Q3FY21. The Company’s net cash position stood at Rs 1,633 million in Q3FY22 as compared to Rs 1,415 million in Q3FY21. The operating revenue was Rs 2,910 million as compared to Rs 2,216 million in 9MFY21, reflecting a growth of 31.3%. Total income was Rs 2,936 million as compared to Rs 2,289 million in 9MFY21, reflecting a growth of 28.3%. EBITDA stood at Rs 524 million with the margin at 18.0% in 9MFY22 as compared to Rs 507 million with the margin at 22.9% in 9MFY21. Profit after tax stood at Rs 361 million as compared to Rs 394 million in 9MFY21. Basic EPS stood at Rs 34.40 as compared to Rs 38.48 in 9MFY21. The Company’s net cash position stood at Rs 1,633 million in 9MFY22 as compared to Rs 1,415 million in 9MFY21. Commenting on the results, Mr. Balaji Viswanathan, Managing Director & CEO, Expleo Solutions Limited, said: “The growth prospects continue to get stronger with strong demand across our markets. The demand for digital and specialised testing continues to be robust. There have been new engagements under agile project and product build, dev ops and digital transformation engagements across India and Asian markets. While the challenges in hiring and that of attrition continues, our earlier investments in the graduate hiring and training helped in driving our growth. The resource costs and the dependence on third party and a few other factors are impacting the margins in the short term. We continue to invest on graduate hiring, upskilling through partner engagements which is a medium to long term investment to help cater to the client requirements. Digital and Specialised testing services is now over 38%of our total business and continues to grow at over 50% year on year. We have added 14 new clients and signed 56 new engagements with existing clients. Our offshore share of business continues to grow due to the pandemic scenario. We have established an engaging and best in class upskilling program covering technical, domain and leadership development which has seen great adoption and acceptance by the team which will augur well for meeting our future client and internal leadership requirements. We refurbished and added additional capacity in our Chennai centres, while exiting from our leased offices. We continue to focus on employee engagement, diversity through connect programs and workshops. The integration of the unlisted companies continues to be underway. There are delays in getting the statutory approvals due to the current pandemic induced scenario. We are now estimating that the process will be completed by end of Q1 of next financial year.” Result PDF