Xelpmoc Design and Tech Limited — Earnings Release 2022

Aug 14, 2021

August 14, 2021

To

BSE Limited	National Stock Exchange of India Limited
Department of Corporate Services	Listing Department
Listing Department	Exchange Plaza
P J Towers,	Plot no. C/1, G Block,
Dalal Street,	Bandra-Kurla Complex,
Mumbai -400001	Bandra (E), Mumbai -400051
Scrip Code: 542367	Scrip Symbol: XELPMOC

Dear Sir/Madam,

Sub: Press Release.

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release of the Company in respect of Unaudited Financial Results of the Company for the 1 st quarter ended June 30, 2021.

We request you to take the same on record.

Thanking you,

Yours faithfully,

For Xelpmoc Design and Tech Limited

Vaishali Kondbhar Company Secretary

Encl: as above

XELPMOC DESIGN AND TECH LIMITED

August 14, 2021: Xelpmoc Design and Tech Limited (NSE: XELPMOC; BSE: 542367), a professional and technical consulting services company, today announced its first quarter FY22 results for the period ended June 30, 2021. Xelpmoc is largely focused on an innovation and engaged in building the next generation of technology in Data Science, Artificial Intelligence (AI) and Machine Learning (ML) space.

Commenting on the Company's performance for Q1FY22, Mr. Sandipan Chattopadhyay, MD & CEO, Xelpmoc Design and Tech Ltd. said, "We demonstrated resilience amidst the pandemic by focusing on our HEAL strategy. Several of our startup companies have achieved significant growth milestones.

We are delighted to have Newport Asia as a financial partner in our mission to become an international tech evangelist. With Newport's global network and resources, we will invest in augmentation of our senior management team and overseas business expansion. We believe this will deliver our stated outcome of market outperformance."

Quarterly Financial Performance (Consolidated)

(₹ in million)	Q1'21	Q2'21	Q3'21	Q4'21	Q1'22
Revenue from Operations	35.1	34.7	35.3	35.4	32.5
Adjusted Operating EBITDA	14.1	14.9	11.5*	5.5*	5.3*
Adjusted Operating EBITDA Margin (%)	40.1%	43.0%	32.6%*	15.4%*	16.3%*

* Adjusted Operating EBITDA is after excluding ESOP expenses of Rs 3.1 million, Rs 7.3 million and Rs 22.9 million during the Q3FY21, Q4FY21 and Q1FY22 respectively.

Consolidated Q1FY22 review (QoQ%)

• Total operating revenue was Rs 32.5 million as compared to Rs 35.4 million in Q4FY21
• Adjusted Operating EBITDA was Rs 5.3 million as compared to Rs 5.5 million in Q4FY21

Consolidated Q1FY22 review (YoY%)

• Total operating revenue was Rs 32.5 million as compared to Rs 35.1 million in Q1FY21
• Adjusted Operating EBITDA was Rs 5.3 million as compared to Rs 14.1 million in Q1FY21

The fair value of our portfolio investments as on June 30, 2021 stands at approximately Rs 480.4 million.

About Xelpmoc Design and Tech Ltd.

Xelpmoc Design and Tech Limited is engaged in providing professional and technical consulting services with focus on product development, data science and analytics. The company is focused on building the next generation of technology in Artificial Intelligence (AI) and Machine Learning space, with a keen interest in Natural Language Processing & Data Analytics. The Company's clients range from entrepreneurs and startup enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries. The Company provides a wide range of services, including, mobile and web application development, prototype development, thematic product development and data science and analytics assistance.

The Company grows its portfolio of services and products as the needs of its clients evolve. The Company commenced operations in Bengaluru, India, in 2015 and has since serviced enterprises across four states in India. The Company's business operations may broadly be categorized as technology services, and technology solutions/ products. The Company also occasionally provides business support to some of its clients to enable them to set-up their operations.

The Company believes that it is among the few technology service providers with accessibility to domain experts. It benefits from the expertise and experience of its Promoters and senior management in a range of sectors including financial services, retail, media and entertainment, and business services. It also carries out its operations through its joint venture and associate.

The Company is promoted by Sandipan Chattopadhyay, who has over 23 years of experience in the information technology industry, Srinivas Koora, who has over 21 years of experience in the field of accounts and finance and is primarily responsible for devising the strategy for the Company, and Jaison Jose who has been instrumental for the implementation of operational plans, operation strategies, budgets and forecasts at the corporate, regional and business unit level.

For Details please visit: www.xelpmoc.in

For details please contact:

Mr. Srinivas Koora	Ravi Udeshi
CFO, Xelpmoc Design & Tech Ltd.	Christensen IR
P: +91 93239 26889	P: +91 22 4215 0210
E: srinivas@xelpmoc.in	E: rudeshi@christensenir.com

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.