Alldigi Tech Limited — Earnings Release 2023

May 8, 2023

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May 8, 2023

Listing Department, Listing Department, BSE Ltd., National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Bandra - Kurla Complex, Bandra (East), Mumbai-400 001 Mumbai-400 051 Scrip Code: 532633 Symbol: ALLSEC

Dear Sir/Madam,

Sub: Submission of Press Release

Please find enclosed copy of the Press Release by the Company dated May 8, 2023 on the financial performance of the Company.

Request you to take the same on record.

Yours faithfully,

For Allsec Technologies Limited

SRIPIRIYA Digitally signed by SRIPIRIYADARSHINI DARSHINI Date: 2023.05.08 22:37:26 +05'30'

Sripiriyadarshini Company Secretary

Encl: A/a

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ALLSEC TECHNOLOGIES LTD.

Regd. Office : 46-C, Velachery Main Road, Velachery, Chennai – 600 042. Tel.: +91.44.4299 7070 web: www.allsectech.com Corporate Identity Number : L72300TN1998PLC041033, Email : contactus@allsectech.com

08[th] May 2023

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BSE: 532633 I NSE: ALLSEC I ISIN: INE835G01018 I CIN: L72300TN1998PLC041033 I WWW.ALLSECTECH.COM

FY23 Revenue up by 23% & PAT up by 37% YoY

Chennai, India – 08[th] May 2023:

Allsec Technologies Limited, a global leader in Digital Business Services (DBS) & Human Resources Outsourcing (HRO) solutions announced its financial results for the Financial Year FY23.

FY23 revenue from Operations is up by 23.1% YoY, driven by growth in both verticals - DBS by 25.8% & HRO by 18.3%.

The key consolidated financial parameters are:

Particulars	Q4 FY23	Q3 FY23	Q4 FY22		YoY (%) QoQ		FY 22- 23 FY21- 22 YoY %
Revenue from Operations	108.0	100.1	85.4		26.5% 7.9%		390.5 317.2 23.1%
EBITDA	23.7	21.0	23.6		0.6% 13.1%		88.4 80.2 10.2%
EBITDA Margin %	22.0%	21.0%	27.6%		-564 bps 102 bps		22.6% 25.3% -264 bps
PBT	15.2	14.1	18.2		-16.4% 8.3%		64.5 61.2 5.5%
PBT Margin	14.1%	14.0%	21.3%		-722 bps 5 bps		16.5% 19.3% -275 bps
PAT	12.1	7.2	17.5		-30.7% 67.8%		48.9 35.6 37.1%
PAT Margin	11.2%	7.2%	20.5%		-928 bps 401 bps		12.5% 11.2% 128 bps
Diluted EPS(in₹)	7.96	4.74	11.49		-3.53 3.22		32.07 23.39 8.68

Q4 FY’23 Business highlights

 Digital Business Services (DBS):

• Total Revenue for the vertical at ₹ 68.9 Cr is up by 28.2% YoY and 3.2% QoQ .

• International business revenue at ₹ 47.3 Cr is up by 24.6% YoY and 6.3% QoQ

• Domestic business revenue at ₹ 21.6 Cr is up by 37.0% YoY and -3.0% QoQ

• Margin at ₹7.6 Cr is down by 0.4% YoY and 13.2% QoQ

• Total Headcount at 4,076 is up by 17.3% YoY and down by 1.4% QoQ

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 Human Resources Operations (HRO):

• Total Revenue for the vertical at ₹ 39.1Cr is up by 23.6% YoY and 17.3% QoQ

• HRO Payroll business revenue at ₹29.1Cr is up by 17.7% YoY and 14.1% QoQ

• HRO Compliance business revenue at ₹10.0 Cr is up by 43.9% YoY and 27.2% QoQ

• Margin at ₹10.5 Cr is decreased by 11.3% YoY and 1.7% QoQ

• 35.9 lacs Payslips processed, up by 11.4% YoY and 4.0% QoQ

Commenting on the results, CEO Mr. Naozer Dalal said, “ We are pleased to share with you yet another set of robust results for March 23 with YoY high double-digit growth in full year Revenue & PAT. Both our businesses continue to perform exceedingly well with HRO emerging as a clear market leader this year. We will continue to make the right investments in people & technology to ensure that we retain our growth trajectory into the near future.”

About Allsec Technologies Limited:

Allsec Technologies Limited (BSE: 532633, NSE: ALLSEC), headquartered in Chennai has been a pioneer in the HRO and International DBS spaces, and is today the leading Payroll Services Provider in India. Founded in 1998, Allsec is today a global brand, offering high-end business process solutions across key industry verticals in 40 countries. With ~ 5,400 employees across India, Philippines and the US, Allsec processes more than 1.2 million pay slips each month for over 550 clients around the world. Allsec’s leading SmartHR and SmartPay platforms are designed to address the complex challenges in today’s HR environment, integrating the latest in technology including Robotic Process Automation (RPA), Smart Analytics, Chatbots and Mobility for enhanced employee engagement.

For further details on Allsec Technologies Limited, please visit http://www.allsectech.com.

For more information, please contact:

Investor / Analyst contact:

Gaurav Mehra

Chief Financial Officer

 Gaurav.Mehra@allsectech.com

 +91 44 4299 7070

Disclaimer: This document contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will", "estimates", "projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions, which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements.

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