Expleo Solutions Q1 FY27: Revenue up 12.3% to ₹2,916m

Expleo Solutions posts stronger Q1 FY27 numbers

Expleo Solutions reported a solid start to FY27, with operating revenue rising 12.3% year-on-year to ₹2,916 million in the first quarter. The engineering and technology services firm also reported a sharper improvement in profitability, supported by higher operating leverage. Adjusted EBITDA increased 27.6% year-on-year to ₹424 million, indicating better operational efficiency. Profit after tax (PAT) including other comprehensive income (OCI) came in at ₹354 million, compared with ₹247 million in the same quarter last year. The company’s Q1 commentary and the accompanying metric table point to a meaningful margin improvement. For investors, the key takeaway is that profit growth outpaced revenue growth in the quarter.

Revenue grew YoY, but sequential growth was modest

On a sequential basis, operating revenue grew 1.8% from ₹2,863 million in Q4 FY26 to ₹2,916 million in Q1 FY27. Total income, however, was reported as flat at ₹2,985 million on a quarter-on-quarter basis. The numbers suggest that while demand remained supportive on a year-on-year comparison, the quarter did not show a sharp acceleration versus the immediately preceding quarter. The difference between operating revenue and total income matters because other income can influence reported profitability and headline earnings. The company’s reported PAT (including OCI) rose sharply year-on-year, which investors often read alongside the change in total income. The compilation also flags that quarterly financials were “not yet fully available” on certain data partners for this cycle, urging readers to cross-check figures with exchange filings.

Margin expansion stood out in Q1 FY27

Expleo Solutions reported a margin expansion to 11.8% in Q1 FY27, compared with 9.3% in Q1 FY26, based on the PAT (including OCI) figures shared. Adjusted EBITDA margin also improved to 14.5% from 12.8%, a 170 bps expansion. This pattern, where EBITDA grows faster than revenue, typically signals improved cost control or better mix within services. The company’s numbers show adjusted EBITDA growth of 27.6% against revenue growth of 12.3% on a year-on-year basis. Basic EPS was reported at ₹22.02 versus ₹13.16 a year ago, a 67.3% increase. These movements indicate that earnings per share benefited from stronger profitability in the quarter. Net cash position was reported at ₹3,528 million versus ₹2,382 million in the year-ago period.

Key reported metrics snapshot

All currency figures are presented in ₹ million (as stated in the source).

Data notes: alternate quarterly table in crore terms

The provided compilation also includes a separate “Quarterly - Expleo Solutions Q1 Results” table stated to be “All figures in crores except per share values,” with fiscal periods labelled Jun 25, Mar 26, and Jun 24. For reference, ₹1 crore equals ₹10 million. That table lists total revenue of ₹2,596.5 million for “Jun 25” and ₹2,862.8 million for “Mar 26”, which aligns directionally with the operating revenue sequence cited elsewhere (₹2,863 million in Q4 FY26 and ₹2,916 million in Q1 FY27), though the period labels differ from “quarter ended June 30, 2026” mentioned in the same dataset. It also reports net income of ₹204.3 million for “Jun 25,” which is not the same as the ₹354 million PAT (including OCI) figure cited for Q1 FY27. Because the compilation itself notes that quarterly financials may not be fully available on certain data partners, readers should treat third-party tables as preliminary and rely on NSE/BSE filings for reconciled numbers.

Results timeline and what investors were told to track

Within the same dataset, there are two cues on timing: “Earnings: Expected on 14/08/2026” and an indicative “July-August 2026” window for the quarter ending June 2026. Such windows are common during results season, but the specific date reference matters for investors watching for the exchange announcement. The note advises investors to track Screener.in and NSE/BSE filings directly for the result date and to cross-check figures before decisions. This matters because small differences in classification (operating revenue vs total income, PAT vs PAT including OCI) can change interpretations around quality of earnings. It also matters when different data sources show slightly different snapshots for the same cycle.

Stock snapshot included in the compilation

The compilation stated Expleo Solutions shares were trading at ₹838 and cited a market capitalisation of ₹1,269 crore (₹12,690 million). It also carried a note that the P/E was “Not meaningful” in that snapshot. Separately, another line in the dataset mentioned the stock trading at a P/E of 10.2 with a market cap of ₹1,375 crore (₹13,750 million), reflecting differences across data pulls. The same compilation listed an “EPS / Forecast” of 26.85 / -- and “Revenue / Forecast” of 2.99B / --, which should be read as a platform estimate rather than a company guidance statement. A separate table included a “12-Month Target (Uniresearch Estimate)” range of ₹846-955.

FY26 context and FY27 stance mentioned

The dataset also provides FY26 context, stating Expleo Solutions reported 8.1% revenue growth to ₹11,080 million, while constant currency revenue slightly declined by 0.4%. Adjusted EBITDA margin for FY26 was stated at 15.6%, down from 16.2% in FY25, attributed in the note to wage increments and labour code impacts. The same section stated profit after tax margin improved to 12.3% from 9.8% primarily due to higher other income (forex gains). EPS was reported to have increased 20.1% to ₹79.89 in FY26. For FY27, the dataset says the company targets sustainable double-digit revenue growth with stable EBITDA margins around 15-16%, while also acknowledging uncertainties.

Why these Q1 FY27 numbers matter

From the reported Q1 FY27 metrics, the key shift is the pace of profitability improvement versus revenue growth. Adjusted EBITDA rose 27.6% year-on-year, and the adjusted EBITDA margin improved by 170 bps to 14.5%, indicating better conversion of revenue into operating earnings during the quarter. PAT (including OCI) increased 43.3% year-on-year, and the PAT margin expansion to 11.8% from 9.3% underscores stronger bottom-line performance. Net cash position rising to ₹3,528 million from ₹2,382 million adds a balance-sheet angle that investors typically track in services businesses. At the same time, the sequential revenue growth of 1.8% and flat total income on QoQ basis suggest the quarter’s growth profile was steadier than the year-on-year picture.

Closing takeaways

Expleo Solutions’ Q1 FY27 update shows double-digit year-on-year operating revenue growth and sharper profitability, with EBITDA and PAT rising faster than revenue. The dataset also points investors to track the final, filed quarterly numbers on NSE/BSE given partial availability across data partners. The next concrete milestone referenced is the expected earnings timeline, cited as 14/08/2026 within a broader July-August results season window.