Dividend Delight! Rs 50 Per Share, Record Date Nears; Stock Set To Gain?

With its registered office in Chennai, Expleo Solutions Limited is a publicly traded company on the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE). Expleo Solutions Limited is an associate of the Expleo Group, a global provider of engineering, technology, and consulting services that works with top companies. With more than 25 years of successful experience operating in India, Asia Pacific, the US, the UK, Europe, and the Middle East, Expleo Solutions Limited supports more than 150 clients in the banking, financial services, and insurance industries with technology and digital transformation initiatives.

Expleo Solutions Dividend

The Board of Directors considered and approved "The Declaration of Interim Dividend of Rs. 50/- (Rupees Fifty Only) per equity share of face value of Rs. 10/- each, for the Financial Year 2024-25, to the shareholders of the Company as on the Record Date.The Interim Dividend shall be paid on or before Friday, March 7, 2025. The Record Date for the purpose of determining eligibility of shareholders entitled to receive the Interim dividend shall be Wednesday, February 12, 2025," Expleo Solutions said in a stock exchange filing.

Expleo Solutions Q3 Financials

In the December 2024 quarter, the company's net sales were Rs 257.58 crore, rising 2.94% from the December 2023 quarter's net sales of Rs 250.23 crore. In Q3FY25, its net profit was Rs. 19.78 crore, a 41.89% drop from Q3FY24's Rs. 34.04 crore. EBITDA dropped 16.78% from Rs. 49.75 crore in the same quarter of the previous fiscal year to Rs. 41.40 crore in the quarter under review.

Mr. Phani Tangirala, Managing Director & CEO, Expleo Solutions Limited, said: "For 9 Months ended Dec-24, our revenue grew by 8.3% year-on-year and our EBITDA improved by 1%, to 16.3% for the same period. The business outlook in our core markets in Europe continues to remain cautious. However, we are seeing interest and traction in other markets, specifically in Middle East and North America, which will be our focus markets in the coming quarters. We see good traction for our services in the areas such as Embedded systems, AI and Big Data projects."

"We continue to invest in AI and Business (Digital) transformation initiatives and are excited to embark on this journey to broaden our service capabilities, as we are confident that this will position us for long-term success. By integrating advanced technologies, we aim to optimize our operations, deliver innovative solutions, and redefine the way we engage with our customers. As we expect the economic headwinds might get compounded with geopolitical uncertainties, we remain focused on managing our costs and improving utilization and productivity to keep our margins healthy. The demand for talent continues to remain muted, but we expect this to change and pick up pace in the coming months. We are also investing in upskilling our workforce to ensure employees are equipped with the knowledge and skills needed to excel in an increasingly digital world," he added.

Expleo Solutions Share Price Target

"Expleo Solutions stock price is slightly bullish on the Daily charts with strong support at 1164. A Daily close above resistance of 1245 could lead to a target of 1340 in the near term," as per A R Ramachandran, Independent Research Analyst.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.