Expleo Solutions Recorded a YoY Growth of 12.5% in Revenue During Q1 FY2025

Expleo Solutions Ltd, a global technology, engineering and consulting service provider, announced its results for the first quarter ended June 30, 2024

• Revenue Growth: The company’s revenue increased 12% year over year (YoY), indicating positive business momentum.
• Profitability Improvement: Adjusted EBITDA and profit after tax (PAT) witnessed growth, with respective margins of 15.8% and 18.1%. This suggests improved operational efficiency and cost management.
• Strong Financial Position: The company’s net cash position strengthened significantly from ₹1,640 million in Q1 FY24 to ₹2,606 million in Q1 FY25, indicating robust financial health and liquidity.

Overall, Expleo Solutions Ltd. demonstrated solid financial performance in Q1 FY25. The company’s revenue growth, improved profitability, and strengthened cash position are positive indicators.

Commenting on the results, Mr Balaji Viswanathan, Managing Director & CEO of Expleo Solutions Limited, said: “In Q1FY25, we reported revenue growth of 12.0% on a year-on-year basis, while there was a sequential decline. Our profit after tax grew by 60.7% on a quarter-on-quarter basis and 18.1% on a year-on-year basis. The business outlook in our core markets remains cautious. However, we are seeing significant interest and traction in 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 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 utilisation. While the demand for talent has not yet broadly picked up, we are seeing a growing need for niche skills in Digital, AI and Big Data, and we continue to add partners in these areas.

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