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Revenue
₹286.3 Cr
verified against source
Revenue YoY
11.9%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Expleo Solutions reported Q4 FY26 revenue of ₹286.3 crore, up 11.9% YoY, driven by strong growth in Europe, BFSI, and aerospace & defense. EBITDA margin remained flat at 15.5% (down 10bps YoY) due to wage inflation offset by operational efficiencies. AI-influenced revenue reached 15%, and management guided for sustainable double-digit revenue growth with margins around 15.5% for FY27. Key strategic initiatives include partner-led growth, expansion into Egypt, and deepening AI adoption across top accounts. However, AI-driven productivity gains are being fully passed to clients, pressuring ticket sizes. Risks include geopolitical uncertainty in the Middle East, headwinds in European automotive, and potential delays in defense offset contracts.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets double-digit revenue growth for FY27, driven by new logo acquisition, partner-led growth, and AI adoption.
- Management expects EBITDA margin to stay at current levels (~15.5%) despite wage inflation and AI-related pricing pressure.
- Company is in due diligence on three assets and expects to close an acquisition in the upcoming quarter, focusing on US market and complementary services.
- Company aims to have 95-100% of its organization AI-qualified by September or October 2026, up from current 70%.
Risks flagged
- Productivity gains from AI are fully passed to clients, reducing ticket sizes and pressuring revenue growth despite volume increases.
- Ongoing conflicts in the Middle East have slowed retail sector demand, though financial services remain resilient; recovery expected from June.
- Automotive industry in Europe faces significant cost pressures and lower investment, impacting engineering services demand.
- Indo-French defense offset contracts have been delayed, pushing expected revenue from aerospace & defense manufacturing to later periods.
Key quotes
- There is not even a single financial services proposal that goes out without AI element into it.
- We have to start cannibalizing our own revenue by infusion of artificial intelligence. There is not a favor anymore. There is a demand.
- The entire market doesn't allow you to do that... bulk of that saving still goes back to the customer.
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