Q2 2026 Expleo Solutions Ltd Earnings Call Transcript
Key Points
- Expleo Solutions Ltd (BOM:533121) reported a 9% growth in operating revenue quarter-on-quarter, driven by strong performance in digitech and engineering services.
- EBITDA improved significantly from 12.8% to 17.1%, indicating enhanced operational efficiency and profitability.
- The company's strategic focus on AI and digital services has started to yield positive results, contributing to revenue growth and customer renewals.
- Expleo Solutions Ltd (BOM:533121) maintained a low bench rate of less than 6%, which has helped in improving margins.
- The company has a promising outlook for 2026, with a healthy pipeline in industries like banking, insurance, retail, and defense.
- Attrition rates have increased, posing a challenge to maintaining seamless delivery and team motivation.
- The aerospace and auto verticals have shown degrowth, with strategic investments being pulled back from the auto sector.
- Despite revenue growth, the headcount has remained stable, indicating potential challenges in scaling operations.
- The company faces macroeconomic uncertainties that could impact decision-making and investment cycles, particularly in the aerospace sector.
- Expleo Solutions Ltd (BOM:533121) has not provided a specific margin improvement target, despite aspirations for higher profitability.
Ladies and gentlemen, good day, and welcome to the Expleo Solutions Limited Q2 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Asha Gupta, E&Y LLP Investor Relations. Thank you, and over to you, ma'am.
Thank you, Anushk. Good morning to all participants in the call. Welcome to the Q2 FY26 earnings call of Expleo Solutions Limited. The results and press release have already been mailed to you, and you can also view 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. Ralph Gillessen, Chairman and Non-Executive Director; Mr. Phani Tangirala, Managing Director and CEO; Mr. Periakaruppan Palaniappan, CFO, whom we will be referring to as Mani.
Phani will start the call with a brief overview of the quarter and half year gone by, which will be
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