Expleo Solutions registers sequential increase in Q1 PAT to Rs13cr

The company registered a rise in revenue to Rs92.2cr in Q1FY22 on a yearly and sequential basis.

Aug 13, 2021 04:08 IST India Infoline News Service

Quarterly Results
Expleo Solutions Limited on Thursday announced its first-quarter results ended on June 30, 2021. The operating revenue was Rs88cr in Q1FY22 as compared to Rs75.8cr in Q1FY21, reflecting a growth of 16.1% yoy. Revenue was Rs79.3cr in Q4FY21, reflecting a growth of 11.0% qoq.

Total income was Rs92.2cr in Q1FY22 as compared to Rs77.4cr in Q1FY21, reflecting a growth of 19.1% yoy. Total income was Rs80cr during the previous quarter, reflecting a growth of 15.2% qoq.

The company’s EBITDA stood at Rs14.6cr with the margin at 16.6% in Q1FY22 as compared to Rs19.4cr with the margin at 25.5% in Q1FY21. EBITDA was Rs19.1cr with the margin at 24.1% during the previous quarter.

Profit after tax stood at Rs13cr in Q1FY22 as compared to Rs14.1cr in Q1FY21. PAT was Rs10.2cr during the previous quarter, reflecting a growth of 27.2% qoq.

Basic EPS stood at Rs12.50 as compared to Rs13.91 for Q1FY21 and Rs10.72 for Q4FY21. The Company’s net cash position stood at Rs137.7cr in Q1FY22 as compared to Rs100.2cr in Q1FY21 and Rs131.1cr during the previous quarter (Q4FY21). 

Expleo Solutions is a Technology services company specialises in providing quality assurance services for Banking, Financial and Insurance (BFSI) Software, and in enabling automation, digital transformation to its clients.

Balaji Viswanathan, Managing Director & CEO, Expleo Solutions Limited, said “We continue to see healthy demand for the services across all markets in both Asia and Europe regions. The opportunity for the specialised testing services, automation and digital services continue to see traction and the segment is growing faster. During the first half of this calendar year 2021 we have added 2 new clients with revenue of over $ 1mn. Digital services is now 29% of our total business compared to 15% of the total business as of March 2020. We
continue to add new clients (11 new clients added in Q1FY22) and build our competency and capacity.”

He added, “Our Offshore business contribution continues to grow and is at 60% of the revenue compared to 48% yoy. We continue to invest in up-skilling and re-skilling our teams to gear up for the emerging demand. The current demand in the market and the skill hunt is impacting everyone in the industry and we see an increased attrition rate and have geared up our Talent acquisition engine to meet the demands. This will also see a small impact in our cost and margins in the short to medium term.”

Expleo Solutions Limited ended at Rs1040.00 per piece down by Rs22.50 or 2.12% on the BSE. 

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