Expleo Solutions FY26 Annual Report: Revenue Up 8.1%, ₹110 Dividend Proposed
Expleo Solutions Limited submitted its FY26 Annual Report to stock exchanges, reporting consolidated revenue from operations of ₹11,080 Mn (up 8.12% YoY) and profit after tax of ₹1,239.82 Mn. The Board recommended a final dividend of ₹110 per share, with the 28th AGM set for August 26, 2026, and TDS document submission deadline of August 6, 2026. The company added 42 new clients, expanded its Middle East presence, and incorporated a new subsidiary in GIFT City.
*this image is generated using AI for illustrative purposes only.
Expleo Solutions Limited has submitted its Annual Report for the financial year 2025-26 to the BSE Limited and National Stock Exchange of India Limited, pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report accompanies the Notice of the 28th Annual General Meeting (AGM) scheduled for Wednesday, August 26, 2026, to be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Financial Performance
The company delivered a strong performance for the financial year ended March 31, 2026. The following table summarises the key consolidated and standalone financial highlights:
| Metric: | Consolidated FY26 | Consolidated FY25 | Standalone FY26 | Standalone FY25 |
|---|---|---|---|---|
| Total Income (₹ Mn): | 11,458.51 | 10,410.00 | 9,687.84 | 10,351.40 |
| Revenue from Operations (₹ Mn): | 11,080 | 10,248 | 9,390.58 | 10,247.96 |
| Profit Before Tax (₹ Mn): | 1,625.65 | 1,392.40 | 1,328.32 | 1,278.76 |
| Profit After Tax (₹ Mn): | 1,239.82 | 1,032.43 | 1,001.92 | 953.44 |
| Total Comprehensive Income (₹ Mn): | 1,404.68 | 1,022.92 | 1,056.58 | 947.47 |
| Basic EPS (₹): | 79.89 | 66.52 | 64.56 | 61.43 |
Total operating revenue on a consolidated basis was ₹11,079.63 Mn, representing an 8.12% increase over the previous year's ₹10,247.96 Mn. Total comprehensive income stood at ₹1,404.68 Mn (12.26% of total income), compared to ₹1,022.92 Mn (9.83%) in the prior year. The company's net worth as of March 31, 2026, stood at ₹7,763.12 Mn, up from ₹6,358.44 Mn in the previous year. Cash and cash equivalents increased to ₹3,757.49 Mn from ₹2,293.58 Mn.
Business and Operations Review
Europe remained the largest revenue contributor at 40% (vs. 37% previously), while India contributed 16%, the Middle East 12%, the UK 14%, and the United States 14%. The offshore-to-onsite revenue ratio improved to 75:25 from 65:35 in the prior year. Banking, Financial Services, and Insurance (BFSI) contributed 81% of revenue with 12.8% growth; Aerospace contributed 10% with 7.8% growth; and the Automotive sector contributed 9% but recorded a degrowth of 22% due to global headwinds. Digital services accounted for 50.05% of total revenue, up from 48.09% in the prior year. The company added 42 new clients during the year, compared to 27 in the previous year, bringing the total client base to 203.
| Key Financial Ratio: | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Current Ratio: | 5.55 | 3.90 |
| Return on Equity Ratio: | 17.56% | 16.56% |
| Net Profit Ratio: | 11.19% | 10.07% |
| Return on Capital Employed: | 21.24% | 21.84% |
| Basic EPS (₹): | 79.89 | 66.52 |
| Days Sales Outstanding (DSO): | 91 | 96 |
Middle East performance reached ₹1,319 Mn, with the company's Saudi Arabia entity contributing to growth across the UAE and Egypt. The company's workforce stood at 3,968 permanent employees (consolidated) as of March 31, 2026, with women comprising 35% of the consolidated workforce. Attrition stood at 25% versus 24% in the prior year.
Dividend and Corporate Developments
The Board of Directors recommended a Final Dividend of ₹110 per equity share (1,100% on face value of ₹10 per share) at its adjourned meeting held on July 28, 2026, subject to shareholder approval at the 28th AGM. The record date for dividend eligibility is Saturday, August 1, 2026. Shareholders holding shares as of that date will be eligible. If approved, the dividend will be credited on or before Friday, September 25, 2026.
| Dividend Parameter: | Details |
|---|---|
| Dividend Per Share: | ₹110 (Final, FY26) |
| Face Value: | ₹10 per share |
| Yield on Face Value: | 1,100% |
| Record Date: | August 1, 2026 |
| AGM Date: | August 26, 2026 |
| Dividend Payment Deadline: | September 25, 2026 |
Dividends are taxable in the hands of shareholders under the Income-tax Act, 2025. The company will deduct TDS at applicable rates. Shareholders must submit relevant documents to Registrar and Share Transfer Agent Cameo Corporate Services Limited via their portal on or before Thursday, August 6, 2026, 5:00 p.m. IST, to determine the applicable TDS rate. Documents received after this deadline or through unauthorised modes will not be considered.
| Shareholder Category: | Applicable TDS Rate: | Key Requirement: |
|---|---|---|
| Resident with Valid PAN: | 10% | Update PAN with depository/RTA; link PAN with Aadhaar |
| Resident without/Invalid PAN: | 20% | PAN treated as inoperative if not linked to Aadhaar |
| Resident Individual (Form 121): | NIL | Submit declaration if income below taxable limit |
| Non-Resident (FII/FPI): | 20% or Treaty Rate | Submit Form 41, TRC, and SEBI registration |
| Non-Resident Others: | 20% or Treaty Rate | Submit Form 41, TRC, and beneficial ownership declaration |
Capital Expenditure, Subsidiaries, and CSR
During FY26, the company added ₹30.65 Mn to its gross block, comprising ₹8.96 Mn on building and lease, ₹10.23 Mn on technology infrastructure, and ₹11.46 Mn on physical infrastructure. Liquid assets stood at ₹3,632.17 Mn at year-end, up from ₹2,174.86 Mn previously.
The company currently operates through five wholly owned subsidiaries — in Singapore, the UK, the USA, Dubai, and Saudi Arabia — and incorporated a new wholly owned subsidiary, Expleo Solutions GIFT IFSC Limited, in GIFT City, Gujarat, India, on June 14, 2026. The Coimbatore competence centre was closed and consolidated with the MEPZ branch in Chennai for operational efficiency.
CSR expenditure for the year amounted to ₹25.55 Mn against an obligation of ₹25.54 Mn, resulting in a marginal excess spend of ₹8,381. Activities focused on STEM education for underprivileged communities across Chennai, Pune, Bengaluru, and Andhra Pradesh, through partners including Agastya International Foundation, Vidya Sagar, Siruthuli, and Swadha Foundation.
AGM and Compliance
The 28th AGM will be conducted via VC/OAVM on August 26, 2026, at 3:30 p.m. IST. The Register of Members and Share Transfer Books will remain closed from August 19, 2026, to August 26, 2026 (both days inclusive). Remote e-voting will be available from August 22, 2026 (9:00 a.m. IST) to August 25, 2026 (5:00 p.m. IST). The cut-off date for voting eligibility is Wednesday, August 19, 2026. S. Sampath Kumar, Company Secretary and Compliance Officer, signed the intimation submitted to the stock exchanges.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE201K01015/36cc4401-4fd1-45f5-bba2-d8cd361e8547.pdf
Historical Stock Returns for Expleo Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.86% | +7.30% | +6.83% | +5.95% | -14.05% | -15.77% |
How will the new subsidiary in GIFT City, Expleo Solutions GIFT IFSC Limited, impact the company's tax efficiency and cross-border service delivery capabilities?
Given the 22% degrowth in the Automotive sector, what specific strategic pivots or new partnerships is Expleo pursuing to reverse this trend in FY27?
With the offshore-to-onsite revenue ratio improving to 75:25, how does management plan to sustain margin expansion amidst rising global labor costs and potential reshoring trends?
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