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FY23 Revenue up by 23% & PAT up by 37% YoY

Allsec Technologies Limited, a global leader in Digital Business Services (DBS) & Human Resources Outsourcing (HRO) solutions announced its financial results for the Financial Year FY23.

FY23 revenue from Operations is up by 23.1% YoY, driven by growth in both verticals – DBS by 25.8% & HRO by 18.3%.

The key consolidated financial parameters are:

Q4 FY’23 Business highlights

Digital Business Services (DBS):

  1. Total Revenue for the vertical at ₹ 68.9 Cr is up by 28.2% YoY and 3.2% QoQ.

  2. International business revenue at ₹ 47.3 Cr is up by 24.6% YoY and 6.3% QoQ

  3. Domestic business revenue at ₹ 21.6 Cr is up by 37.0% YoY and -3.0% QoQ

  4. Margin at ₹7.6 Cr is down by 0.4% YoY and 13.2% QoQ

  5. Total Headcount at 4,076 is up by 17.3% YoY and down by 1.4% QoQ

Human Resources Operations (HRO):

  1. Total Revenue for the vertical at ₹ 39.1Cr is up by 23.6% YoY and 17.3% QoQ

  2. HRO Payroll business revenue at ₹29.1Cr is up by 17.7% YoY and 14.1% QoQ

  3. HRO Compliance business revenue at ₹10.0 Cr is up by 43.9% YoY and 27.2% QoQ

  4. Margin at ₹10.5 Cr isdecreased by 11.3% YoY and 1.7% QoQ

  5. 35.9 lacs Payslips processed, up by 11.4% YoY and 4.0% QoQ

Commenting on the results, CEO Mr. Naozer Dalal said, “We are pleased to share with you yet another set of robust results for March 23 with YoY high double-digit growth in full year Revenue & PAT. Both our businesses continue to perform exceedingly well with HRO emerging as a clear market leader this year. We will continue to make the right investments in people & technology to ensure that we retain our growth trajectory into the near future.

About Allsec Technologies Limited:

Allsec Technologies Limited (BSE: 532633, NSE: ALLSEC), headquartered in Chennai has been a pioneer in the HRO and International DBS spaces, and is today the leading Payroll Services Provider in India. Founded in 1998, Allsec is today a global brand, offering high-end business process solutions across key industry verticals in 40 countries. With ~5,400 employees across India, Philippines and the US, Allsec processes more than 1.2 million pay slips each month for over 550 clients around the world. Allsec’s leading SmartHR and SmartPay platforms are designed to address the complex challenges in today’s HR environment, integrating the latest in technology including Robotic Process Automation (RPA), Smart Analytics, Chatbots and Mobility for enhanced employee engagement.

For further details on Allsec Technologies Limited, please visit


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