Q4 2024 Expleo Solutions Ltd Earnings Call Transcript
Key Points
- Expleo Solutions Ltd (BOM:533121) reported a year-on-year revenue growth of 10.5% for Q4 FY '24.
- The company has been investing in AI and digital technology, which is showing growth opportunities.
- Expleo Solutions Ltd (BOM:533121) signed a record number of new customers, indicating potential future growth.
- The company is optimizing its bench and talent pool to improve EBITDA margins to the target range of 16% to 18%.
- The company has a strong cash position with INR 1,840 million net cash as of the end of the quarter.
- Profit after tax decreased significantly to INR 148 million in Q4 FY '24 from INR 338 million in the previous quarter.
- EPS dropped to INR 10.12 in this quarter compared to INR 21.93 in the previous quarter.
- The company faced a higher bench charge due to unmaterialized opportunities, impacting profitability.
- There was a decline in traction with smaller customers, leading to a slight decline in revenue from this segment.
- Expleo Solutions Ltd (BOM:533121) incurred a substantial Forex loss of INR 56 million in this quarter.
Ladies and gentlemen, good day, and welcome to Expleo Solutions Limited Q4 FY '24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. And I now hand the conference over to Ms. Asha Gupta from E&Y Investor Relations.
Thank you and over to you, Ms. Gupta.
Thank you, Nirav. And good afternoon to all participants in the call. Welcome to the Q4 FY '24 earnings call of Expleo Solutions Limited. The results and press release have already been mailed to you and you can also see the same on the company's website in case anyone does not have the copy of press release and presentation.
Please do write to us, and we will be happy to share with you representing the management today, we have Mr. Balaji Viswanathan, Managing Director and CEO; Mr. Periakaruppan Palaniappan, CFO; whom we will be referring to as money. Balaji will start the call with a brief overview of the quarter and year gone by, which will be then followed by money. Who will be giving
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