Expleo Solutions (Earlier: SQS India BFSI) - A niche Small Cap Value Pick

Q4FY21 Results

QoQ Poor , YOY seems to be OK

We have to listen the commentary tomorrow to understand more.

@Balki , how come the standalone and consolidated revenue numbers are same ? Am I missing something here ?

From the AR I can see there are four subsidiaries , 100% owned by Indian listed company. Standalone income is only from Indian entity and consolidated should include India + 4 Subsidiaries

Link to Investor Presentation

From the Presentation my observations

  • All the revenues are from BFSI segment
  • Active clients 68 (Reduced by 6 )
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