Chennai: Expleo Solutions Ltd (BSE: 533121 NSE: EXPLEOSOL), a global technology, engineering, and consulting services provider, announced its financial results for the second quarter and half-year ended 30 September 2025. The company reported robust quarter-on-quarter and year-on-year growth, driven by strong operational performance and strategic investments in AI and digital transformation.
Total income for Q2FY26 stood at ₹2,954 million, reflecting a 10.8% increase over Q1FY26. Operating revenue rose 8.9% to ₹2,827 million, while adjusted EBITDA surged 45.5% to ₹483 million, representing a margin of 17.1%. Profit after tax including OCI reached ₹431 million, up 74.3% from the previous quarter. Basic EPS nearly doubled to ₹25.62 from ₹13.16 in Q1FY26. The company’s net cash position improved to ₹3,030 million from ₹2,382 million.
Year-on-year, Q2FY26 total income grew 8.6%, with operating revenue up 9.0%. Adjusted EBITDA rose 14.2%, and profit after tax including OCI increased 20.7%. EPS grew 12.0% compared to Q2FY25.
For the half-year ended 30 September 2025, Expleo reported total income of ₹5,610 million, up 6.8% year-on-year. Operating revenue rose 6.0% to ₹5,423 million. Profit after tax including OCI grew 14.1% to ₹678 million, while basic EPS stood at ₹38.78, up 1.4% from H1FY25. The company maintained a strong net cash position of ₹3,030 million.
Commenting on the performance, Phani Tangirala, Managing Director & CEO, said, “We delivered a strong quarter, recording year-on-year growth of 8.6% and quarter-on-quarter growth of 10.8%, despite challenging market conditions—particularly in Europe, where we have a significant presence. Growth in Europe and North America outpaced that in the Middle East and APAC, and we remain optimistic about continued momentum in these key markets.”
He added that operationally, the company achieved record-high utilization levels, supported by agile delivery operations and just-in-time hiring. While attrition remained slightly above the long-term average, it did not impact project delivery or service levels.
Expleo also launched an organization-wide AI training initiative to enhance operational efficiency and future-proof its workforce. The company’s investments in AI and digital transformation are beginning to yield results, with AI-enabled services generating revenue and opening new business opportunities.
“Our strategic priorities remain clear—driving growth through focused initiatives, pursuing operational excellence with discipline, and leveraging emerging opportunities to deliver sustained value to all stakeholders,” Tangirala concluded.
