EXPLEO SOLUTIONS LIMITED — Earnings Release 2025

May 22, 2025

SEC/SE/013/25-26 Chennai, May 22, 2025

BSE Limited , National Stock Exchange of India Limited , Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, P J Towers, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 533121 Mumbai - 400 051 Symbol: EXPLEOSOL

Sub: Submission of Earnings Presentation.

Dear Sir/Madam,

Please find attached the Earnings presentation for the quarter and financial year ended March 31, 2025.

The above information shall also be made available on the website of the Company i.e., https://investors.expleo.com.

You are requested to take the above on record and oblige.

Thanking you,

Yours faithfully,

For Expleo Solutions Limited

SESHADRI Digitally signed by SESHADRI SAMPATH SAMPATH KUMAR Date: 2025.05.22 KUMAR 23:29:27 +05'30' S. Sampath Kumar Company Secretary and Compliance Officer Membership No. FCS 3838

Encl: As above.

Expleo Solutions Ltd.

6A, Sixth Floor, Prince InfoCity II, No. 283/3 & 283/4, Rajiv Gandhi Salai (OMR) Kandanchavadi, Chennai 600096 • India • T. +91 44 4392 3200

CIN: L64202TN1998PLC066604 • GST No: 33AABCT0976G1ZG

EXPLEO Internal

Earnings Presentation Q4 FY25

22[ND] MAY 2025

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Safe Harbor

This presentation has been prepared by Expleo Solutions Limited solely to provide information about the Company.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. None of the Company nor any of its respective affiliates, advisers or representatives, shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation.

The information contained in this presentation is only current as of its date. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may not be based on historical information or facts and may be "forward-looking statements", including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment, information technology and political, economic, legal and social conditions in India.

Please note that this presentation is based on the publicly available information on Expleo Solutions including but not limited to Company’s website and Annual Reports.

This communication is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. Please note that investments in securities are subject to risks including loss of principal amount.

This presentation does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

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2

Agenda

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Performance Review

Consolidated Financial Summary

Operating Metrics

Consolidated Quarterly P&L

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3

Consolidated Q4FY25 Q-o-Q Review

Revenue:

• Operating Revenue was Rs 2,558 million vs Rs 2,576 million, marginally down by 0.7%

• Total Income was Rs 2,603 million vs Rs 2,604 million

Profit:

• Adjusted EBITDA stood at Rs 400 million vs Rs 436 million in Q3FY25, down by 8.3%

• Adjusted EBITDA margin of 15.6% in Q4FY25 as against 16.9% in Q3FY25

• PAT was at Rs 236 million vs Rs 193 million in Q3FY25, up by 22.7%

• PAT margin of 9.1% in Q4FY25 as against 7.4% in Q3FY25

• Basic EPS at Rs 15.51 in Q4FY25 as against Rs 12.75 in Q3FY25, up by 21.7%

Cash:

• Net cash position stood at Rs 2,294 million vs Rs 3,501 million for Q3FY25

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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4

Consolidated Q4FY25 Y-o-Y Review

Revenue:

• Operating Revenue was Rs 2,558 million vs Rs 2,554 million

• Total Income was Rs 2,603 million vs Rs 2,572 million, up by 1.2%

Profit:

• Adjusted EBITDA stood at Rs 400 million vs Rs 398 million in Q4FY24

• Adjusted EBITDA margin of 15.6% in Q4FY25 as against 15.6% in Q4FY24

• PAT was at Rs 236 million vs Rs 148 million in Q4FY24, up by 60.0%

• PAT margin of 9.1% in Q4FY25 as against 5.7% in Q4FY24

• Basic EPS at Rs 15.51 in Q4FY25 as against Rs 10.12 in Q4FY24, up by 53.4%

Cash:

• Net cash position stood at Rs 2,294 million vs Rs 1,840 million for Q4FY24

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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5

Consolidated FY25 Y-o-Y Review

Revenue:

• Operating Revenue was Rs 10,248 million vs Rs 9,649 million, up by 6.2%

• Total Income was Rs 10,410 million vs Rs 9,724 million, up by 7.1%

Profit:

• Adjusted EBITDA stood at Rs 1,657 million vs Rs 1,483 million in FY24, up by 11.7%

• Adjusted EBITDA margin of 16.2% in FY25 as against 15.4% in FY24, up by 80bps

• PAT was at Rs 1,023 million vs Rs 887 million in FY24, up by 15.4%

• PAT margin of 9.8% in FY25 as against 9.1% in FY24

• Basic EPS at Rs 66.52 in FY25 as against Rs 58.27 in FY24, up by 14.2%

Cash:

• Net cash position stood at Rs 2,294 million vs Rs 1,840 million for FY24

*Note:

Adjusted EBITDA Calculation = PAT + Tax + Forex Loss / (Gain) + Finance Cost + Depreciation – Other Income

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6

Consolidated Financial Summary

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31-Mar-25 31-Dec-24 31-Mar-24 31-Mar-25 31-Mar-24
QoQ YoY YoY
Particulars Metrics
Growth Growth Growth
Q4 FY25 Q3 FY25 Q4 FY24 12M FY25 12M FY24
Revenue Total Revenue 2,603.1 2,604.4 0.0% 2,572.2 1.2% 10,410.0 9,723.8 7.1%
(Rs Million) Net Revenue 2,558.0 2,575.8 -0.7% 2,554.1 0.2% 10,248.0 9,648.7 6.2%
Adjusted EBITDA 400.0 436.4 -8.3% 398.2 0.5% 1,656.7 1,483.4 11.7%
PBT Before Forex Gain / Loss 340.4 334.0 1.9% 317.9 7.1% 1,342.0 1,190.3 12.7%
Profit
PBT 355.2 283.0 25.5% 261.9 35.6% 1,392.4 1,195.7 16.4%
(Rs Million)
PAT (Before OCI) 240.8 197.8 21.7% 157.0 53.4% 1,032.4 904.4 14.2%
Total Comprehensive Income 236.2 192.5 22.7% 147.6 60.0% 1,022.9 886.8 15.4%
Adjusted EBITDA 15.6% 16.9% 15.6% 16.2% 15.4%
PBT Before Forex Gain / Loss 13.1% 12.8% 12.4% 12.9% 12.2%
Margin (%) PBT 13.6% 10.9% 10.2% 13.4% 12.3%
PAT (Before OCI) 9.2% 7.6% 6.1% 9.9% 9.3%
Total Comprehensive Income 9.1% 7.4% 5.7% 9.8% 9.1%
Basic 15.51 12.75 21.7% 10.12 53.4% 66.52 58.27 14.2%
EPS (Rs)
Diluted 15.51 12.75 21.7% 10.12 53.4% 66.52 58.27 14.2%
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7

Consolidated Financial Summary

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Revenue by Industry
0.4% 0.2% 0.8%
10.9% 14.4% 11.9%
8.3% 7.3% 10.2%
80.4% 78.1% 77.1%
Q4 FY25 Q3 FY25 Q4 FY24
BFSI Aero Auto Transportation
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Revenue by Region
38.8% 39.0% 38.9%
12.9% 16.0% 12.9%
48.3% 45.0% 48.2%
Q4 FY25 Q3 FY25 Q4 FY24
Europe North America Asia
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Top Clients Contribution
49% 49% 48%
30% 31% 32%
Q4 FY25 Q3 FY25 Q4 FY24
Top 5 Top 10
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Digital Revenue (INR Mn) & % Share

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49.4%
48.2% 48.6%
1,209 1,273 1,139
Q4 FY25 Q3 FY25 Q4 FY24
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Consolidated Financial Summary

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Active Clients
201 210 212
Q4 FY25 Q3 FY25 Q4 FY24
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Customer Profile (12m Rolling)
29 28 28
15 15 15
Q4 FY25 Q3 FY25 Q4 FY24
Revenue 0.5 to 1 Mn $ Revenue above 1 Mn $
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Debtors Days
104
96
88
Q4 FY25 Q3 FY25 Q4 FY24
Delivery Employee Details
3,924
3,563 3,578
Q4 FY25 Q3 FY25 Q4 FY24
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9 © 2020 Expleo Solutions Limited, All Rights Reserved.

Consolidated Financial Summary

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Consolidated Unaudited Financial Statements for the Quarter 31-Mar-25 31-Dec-24 QoQ 31-Mar-24 YoY 31-Mar-25 31-Mar-24
Sr No. YoY Growth
ended (All figures in INR Million except EPS) Q4 FY25 Q3 FY25 Growth Q4 FY24 Growth 12M FY25 12M FY24
Net Sales / Income from Operation
1 Income 2,558.0 2,575.8 -0.7% 2,554.1 0.2% 10,248.0 9,648.7 6.2%
2 Expenditure
(a) Employee Cost 1,608.8 1,466.6 9.7% 1,560.6 3.1% 6,078.6 5,748.4 5.7%
(b) Depreciation 80.5 123.7 -34.9% 90.8 -11.4% 393.1 336.7 16.8%
(c) Other Expenditure 549.1 672.8 -18.4% 595.3 -7.8% 2,512.7 2,417.0 4.0%
(d) Total Expenditure 2,238.4 2,263.1 -1.1% 2,246.8 -0.4% 8,984.4 8,502.0 5.7%
3 Profit from Operations before Other Income, Interest & 319.5 312.7 2.2% 307.3 4.0% 1,263.6 1,146.7 10.2%
Exceptional Items (1-2)
4 Other Income 30.3 28.6 5.9% 18.1 67.2% 111.6 69.7 60.1%
5 Profit before Interest and Exceptional Items (3+4) 349.8 341.3 2.5% 325.5 7.5% 1,375.2 1,216.4 13.1%
6 Finance Cost 9.4 7.3 7.6 33.2 26.1
7 Exchange Gain/(loss) 14.8 (51.0) (56.0) 50.4 5.4
8 Profit after Interest but before Exceptional Items (5-6+7) 355.2 283.0 25.5% 261.9 35.6% 1,392.4 1,195.7 16.4%
9 Exceptional Items
10 Profit(+)/ Loss (-) from Ordinary Activities before Tax (8+9) 355.2 283.0 25.5% 261.9 35.6% 1,392.4 1,195.7 16.4%
11 Tax Expenses 114.5 85.2 34.4% 104.9 9.1% 360.0 291.3 23.6%
12 Net Profit(+)/ Loss (-) from Ordinary Activities after Tax (10-11) 240.8 197.8 21.7% 157.0 53.4% 1,032.4 904.4 14.2%
13 Extraordinary Items (net of tax expense Rs.)
14 Net Profit(+)/ Loss (-) for the Period (12-13) 240.8 197.8 21.7% 157.0 53.4% 1,032.4 904.4 14.2%
15 Other Comprehensive Income (4.6) (5.3) (9.4) (9.5) (17.6)
16 Total Comprehensive Income for the period (14+15) 236.2 192.5 22.7% 147.6 60.0% 1,022.9 886.8 15.4%
17 Earnings Per Share (EPS) in Rs.
(a) Basic and diluted EPS before Extraordinary items (not annualized) 15.51 12.75 21.7% 10.12 53.4% 66.52 58.27 14.2%
(b) Basic and diluted EPS after Extraordinary items (not annualized) 15.51 12.75 21.7% 10.12 53.4% 66.52 58.27 14.2%
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10 © 2020 Expleo Solutions Limited, All Rights Reserved.

Our values

Courage

Excellence

Collaboration

Respect

Accountability

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11 © 2020 Expleo Solutions Limited, All Rights Reserved.

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Get Social with @ExpleoGroup

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