Expleo Solutions Limited has announced its audited financial results for the quarter and full year ended March 31, 2026. The company reported a consolidated net profit of ₹1,405 million for FY26, an increase of 37.3% compared to ₹1,023 million in the previous year. Operating revenue for FY26 stood at ₹11,080 million, up 8.1% from ₹10,248 million in FY25, while total income grew 10.1% to ₹11,459 million. Adjusted EBITDA for FY26 came in at ₹1,725 million with a margin of 15.6%, compared to ₹1,657 million and a margin of 16.2% in FY25. Basic EPS for FY26 stood at ₹79.89, up from ₹66.52 in FY25, reflecting a growth of 20.1%. The company's net cash position strengthened to ₹3,757 million in FY26 from ₹2,294 million in FY25.

Consolidated Q4 Performance

For the quarter ended March 31, 2026, Expleo Solutions delivered strong year-on-year and sequential growth across key financial metrics. Revenue from operations for Q4 FY26 reached ₹2,863 million, compared to ₹2,558 million in Q4 FY25, reflecting an 11.9% YoY growth, and ₹2,794 million in Q3 FY26, reflecting a sequential growth of 2.5%. Total income rose 14.8% YoY to ₹2,989 million and 3.1% QoQ from ₹2,897 million. Adjusted EBITDA stood at ₹445 million with a margin of 15.5% in Q4 FY26, compared to ₹400 million and 15.6% in Q4 FY25, and ₹465 million and 16.6% in Q3 FY26. Profit after tax including OCI surged 2.1 times YoY to ₹493 million from ₹236 million in Q4 FY25, and grew 2.1 times sequentially from ₹234 million in Q3 FY26. Basic and diluted EPS for the quarter stood at ₹26.85, up 73.1% from ₹15.51 in Q4 FY25 and up 88.3% from ₹14.26 in Q3 FY26.

The following table summarises the key consolidated financial metrics for Q4 FY26:

Standalone Financial Performance

On a standalone basis, Expleo Solutions reported revenue from operations of ₹9,390.58 million for FY26, compared to ₹2,557.96 million in Q4 FY25. For Q4 FY26, standalone revenue from operations stood at ₹2,465.42 million. The standalone profit before tax for FY26 was ₹1,328.32 million, while profit for the year came in at ₹1,001.92 million. Total comprehensive income on a standalone basis for FY26 was ₹1,056.58 million. The following table presents the key standalone audited financial metrics:

Operational Metrics

The company's operational performance showed strong traction across key metrics during Q4 FY26. Digital revenue accounted for 50.3% of total revenue, amounting to ₹1,441 million. Active clients remained stable at 201 for the quarter, while the delivery employee count increased to 3,593 from 3,563 in Q4 FY25. Debtors days improved to 91 days from 96 days in the corresponding quarter of the previous year. Utilization and bench remained at optimal levels, project SLAs were consistently met, and attrition continued to be moderate.

Segmental and Regional Performance

Revenue from the BFSI sector constituted the largest share at 81.0% in Q4 FY26, followed by Aero at 11.1% and Auto at 7.6%. Geographically, Europe contributed 56.9% of the revenue, while Asia and North America accounted for 31.6% and 11.5%, respectively. The top 5 clients contributed 37% to the total revenue in Q4 FY26.

Management Commentary

Commenting on the results, Mr. Phani Tangirala, Managing Director & CEO, Expleo Solutions Limited, said: "We delivered a strong quarter, recording year-on-year total revenue growth of 14.8% despite challenging market conditions particularly in the middle east market, offset with tailwinds coming from Europe. We continue to remain optimistic about the opportunities in the Middle East region and expect the growth momentum to come back in the near future. Operationally, we continued to deliver strong performance in this quarter too, with consistent improvement across all key metrics. The AI training initiative launched earlier this year is showing encouraging results, driving measurable improvements in operational efficiency across multiple teams. Our ongoing focus on Artificial Intelligence (AI) and Digital Transformation is accelerating business performance and unlocking scalable opportunities across different services and regions. Looking ahead, we will continue to prioritize disciplined execution, sustainable profitability, operational strength, and targeted investments in high-growth opportunities."

Exceptional Items and Corporate Actions

The financial results include an exceptional item of ₹147.28 million related to the impact of New Labour Codes notified by the Government of India, pertaining to reassessments of employee benefit obligations for gratuity and compensated absences. The Board approved an investment of ₹2.10 crore in Expleo Solutions Gift IFSC Limited, a wholly owned subsidiary under incorporation. The Board also approved the re-appointment of M/s. Sundaram & Srinivasan, Chartered Accountants as Internal Auditor for a two-year term effective April 1, 2026. The firm, founded in 1943, is one of the largest audit firms in South India with offices in Chennai, Mumbai, Madurai, Bangalore, and Hyderabad. The audited financial results were published as newspaper advertisements in Financial Express (All India Edition) and Makkal Kural, pursuant to Regulation 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Expleo Solutions Limited's Board of Directors, at its meeting held on Wednesday, May 13, 2026, approved the proposal to incorporate a wholly owned subsidiary (WOS) company named 'Expleo Solutions GIFT IFSC Limited' in GIFT City, Gujarat, India. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in reference to the company's earlier communication dated June 27, 2025.

Investment and Shareholding Structure

The Board approved an investment of Euros 0.2 million, equivalent and rounded off to Rs. 2,10,00,000/- (Rupees Two Crores Ten Lakhs only), towards the share capital of the proposed entity. The investment will be divided into 21,00,000 equity shares of INR 10/- each, with 100% subscription to the share capital held by Expleo Solutions Limited, making it a wholly owned subsidiary upon completion of the incorporation process.

The key details of the proposed subsidiary are outlined below:

Purpose and Regulatory Context

The proposed wholly owned subsidiary is intended to be incorporated in GIFT City, Gujarat, India, which is being developed as a global financial services hub by the Government of India. The primary objective of the WOS is to provide financial services, subject to the approval of the International Financial Services Centre Authority (IFSCA).

Related Party and Governance Disclosures

The proposed WOS has been identified as a related party of Expleo Solutions Limited. The Promoter, Promoter Group, and Group Companies hold an interest in the new entity by virtue of common directorship. Any transactions with the WOS, if any, are stated to be conducted on an arm's length basis.

The intimation was signed by S. Sampath Kumar, Company Secretary and Compliance Officer (Membership No. FCS 3838), and the above information is also available on the company's investor relations website at https://investors.expleo.com/ .