eClerx Services Ltd.
ECLERXServices filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220527 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220816 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221115 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230207 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230531 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230816 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231114 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240206 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240524 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240821 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241111 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250205 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250521 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250730 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251030 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260204 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260519 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260811 | 2026-06-30 | yes |
ECLERX
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 1,890.10 |
| 52-week range | 1324.9 – 2473.5 |
| Return 1M | 0.56% |
| Return 3M | 34.57% |
| Return 1Y | -7.79% |
| Return 3Y | 109.91% |
| Return 5Y | 148.62% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,152.00 |
| Other income | 18.00 |
| Total income | 1,170.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 729.00 |
| Finance costs | 15.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.55 | 0.00 |
| institutions foreign | 0.11 | -0.01 |
| institutions domestic | 0.24 | -0.00 |
| mutual funds | 0.23 | 0.00 |
| public | 0.43 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 18 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 650.00 | 687.00 | 693.00 | 684.00 | 722.00 | 753.00 | 767.00 | 782.00 | 832.00 | 854.00 | 898.00 | 935.00 | 1,005.00 | 1,070.00 | 1,107.00 | 1,152.00 |
| Other income | 21.00 | 18.00 | 5.00 | 8.00 | 14.00 | 21.00 | 23.00 | 21.00 | 13.00 | 21.00 | 32.00 | 14.00 | 27.00 | 30.00 | 30.00 | 18.00 |
| Total income | 671.00 | 705.00 | 698.00 | 692.00 | 736.00 | 774.00 | 790.00 | 803.00 | 845.00 | 874.00 | 930.00 | 949.00 | 1,032.00 | 1,100.00 | 1,137.00 | 1,170.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 376.00 | 386.00 | 384.00 | 422.00 | 422.00 | 441.00 | 454.00 | 498.00 | 503.00 | 523.00 | 542.00 | 583.00 | 610.00 | 654.00 | 677.00 | 729.00 |
| Finance costs | 5.00 | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 8.00 | 8.00 | 8.00 | 11.00 | 10.00 | 11.00 | 10.00 | 12.00 | 15.00 |
| Depreciation and amortisation | 27.00 | 30.00 | 32.00 | 28.00 | 30.00 | 34.00 | 34.00 | 32.00 | 33.00 | 36.00 | 41.00 | 37.00 | 43.00 | 46.00 | 50.00 | 50.00 |
| Other expenses | 93.00 | 110.00 | 102.00 | 95.00 | 95.00 | 105.00 | 117.00 | 118.00 | 113.00 | 123.00 | 138.00 | 131.00 | 124.00 | 140.00 | 147.00 | 158.00 |
| Total expenses | 501.00 | 531.00 | 524.00 | 552.00 | 553.00 | 585.00 | 610.00 | 655.00 | 657.00 | 690.00 | 731.00 | 761.00 | 787.00 | 850.00 | 885.00 | 952.00 |
| Profit before exceptional items and tax | 170.00 | 173.00 | 174.00 | 141.00 | 182.00 | 189.00 | 179.00 | 148.00 | 188.00 | 184.00 | 199.00 | 188.00 | 245.00 | 250.00 | 252.00 | 219.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 170.00 | 173.00 | 174.00 | 141.00 | 182.00 | 187.00 | 179.00 | 148.00 | 188.00 | 184.00 | 199.00 | 188.00 | 245.00 | 250.00 | 252.00 | 219.00 |
| Current tax | 43.00 | 44.00 | 45.00 | 35.00 | 45.00 | 52.00 | 48.00 | 39.00 | 50.00 | 49.00 | 54.00 | 43.00 | 65.00 | 64.00 | 63.00 | 61.00 |
| Deferred tax | 0.00 | -2.00 | -3.00 | -1.00 | 2.00 | -5.00 | 1.00 | -3.00 | -1.00 | -2.00 | -8.00 | 3.00 | -3.00 | -6.00 | -1.00 | -6.00 |
| Tax expense | 44.00 | 42.00 | 42.00 | 34.00 | 46.00 | 48.00 | 50.00 | 36.00 | 48.00 | 47.00 | 46.00 | 47.00 | 62.00 | 58.00 | 62.00 | 54.00 |
| Profit for the period | 126.00 | 131.00 | 132.00 | 107.00 | 136.00 | 139.00 | 130.00 | 112.00 | 139.00 | 137.00 | 153.00 | 142.00 | 183.00 | 192.00 | 190.00 | 164.00 |
| Profit attributable to owners | — | 131.00 | 133.00 | 106.00 | 136.00 | 139.00 | 131.00 | 112.00 | 156.00 | 137.00 | 152.00 | 142.00 | 183.00 | 192.00 | 189.00 | 164.00 |
| Profit attributable to non-controlling interests | — | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | -1.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | 0.00 | -0.00 |
| Other comprehensive income | -20.00 | 42.00 | 20.00 | 18.00 | -11.00 | 21.00 | -7.00 | -2.00 | 16.00 | -37.00 | 34.00 | 41.00 | -3.00 | 13.00 | -17.00 | 58.00 |
| Total comprehensive income | 106.00 | 174.00 | 153.00 | 124.00 | 125.00 | 160.00 | 123.00 | 110.00 | 156.00 | 100.00 | 187.00 | 183.00 | 180.00 | 205.00 | 172.00 | 222.00 |
| Earnings per share, basic | 25.35 | 26.41 | 27.05 | 22.12 | 28.20 | 28.76 | 27.07 | 23.13 | 29.66 | 29.16 | 32.37 | 30.16 | 39.00 | 40.81 | 20.47 | 17.86 |
| Earnings per share, diluted | 24.93 | 26.01 | 26.66 | 21.82 | 27.85 | 28.22 | 26.55 | 22.72 | 29.15 | 28.56 | 31.81 | 29.64 | 38.10 | 39.79 | 20.04 | 17.61 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,431.00 | 1,438.00 | 1,564.00 | 2,160.00 | 2,648.00 | 2,926.00 | 3,366.00 | 4,117.00 |
| Other income | 49.00 | 47.00 | 34.00 | 25.00 | 66.00 | 66.00 | 87.00 | 101.00 |
| Total income | 1,479.00 | 1,484.00 | 1,599.00 | 2,185.00 | 2,714.00 | 2,991.00 | 3,452.00 | 4,218.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 787.00 | 854.00 | 885.00 | 1,196.00 | 1,510.00 | 1,738.00 | 2,066.00 | 2,525.00 |
| Finance costs | 0.00 | 19.00 | 20.00 | 22.00 | 21.00 | 23.00 | 35.00 | 42.00 |
| Depreciation and amortisation | 45.00 | 71.00 | 82.00 | 103.00 | 114.00 | 126.00 | 141.00 | 175.00 |
| Other expenses | 336.00 | 260.00 | 231.00 | 304.00 | 416.00 | 412.00 | 492.00 | 541.00 |
| Total expenses | 1,168.00 | 1,204.00 | 1,218.00 | 1,624.00 | 2,061.00 | 2,300.00 | 2,734.00 | 3,283.00 |
| Profit before exceptional items and tax | 311.00 | 281.00 | 381.00 | 560.00 | 653.00 | 691.00 | 719.00 | 935.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 0.00 | 0.00 |
| Profit before tax | 311.00 | 281.00 | 381.00 | 560.00 | 653.00 | 689.00 | 719.00 | 935.00 |
| Current tax | 91.00 | 72.00 | 103.00 | 150.00 | 174.00 | 180.00 | 192.00 | 236.00 |
| Deferred tax | -8.00 | -1.00 | -5.00 | -7.00 | -10.00 | -3.00 | -15.00 | -7.00 |
| Tax expense | 83.00 | 72.00 | 98.00 | 143.00 | 164.00 | 178.00 | 177.00 | 229.00 |
| Profit for the period | 228.00 | 209.00 | 283.00 | 418.00 | 489.00 | 512.00 | 541.00 | 706.00 |
| Profit attributable to owners | 228.00 | 209.00 | 283.00 | 417.00 | 489.00 | 511.00 | 541.00 | 706.00 |
| Profit attributable to non-controlling interests | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | -6.00 | -18.00 | 48.00 | 3.00 | 26.00 | 21.00 | 11.00 | 34.00 |
| Total comprehensive income | 222.00 | 191.00 | 331.00 | 421.00 | 515.00 | 533.00 | 552.00 | 740.00 |
| Earnings per share, basic | 60.07 | 57.26 | 81.61 | 123.81 | 98.76 | 106.15 | 114.19 | 76.23 |
| Earnings per share, diluted | 59.98 | 57.25 | 81.29 | 121.57 | 97.16 | 104.38 | 112.07 | 74.42 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 2,311.00 | 2,288.00 | 2,529.00 | 2,929.00 | 2,704.00 | 3,146.00 | 3,530.00 | 3,697.00 |
| Non-current assets | 851.00 | 916.00 | 940.00 | 979.00 | 1,014.00 | 1,137.00 | 1,189.00 | 1,291.00 |
| Current assets | 1,460.00 | 1,371.00 | 1,589.00 | 1,950.00 | 1,690.00 | 2,008.00 | 2,341.00 | 2,406.00 |
| Property, plant and equipment | 110.00 | 106.00 | 133.00 | 127.00 | 130.00 | 170.00 | 184.00 | 203.00 |
| Capital work-in-progress | 5.00 | 21.00 | 0.00 | 1.00 | 20.00 | 0.00 | 4.00 | 5.00 |
| Goodwill | 379.00 | 396.00 | 396.00 | 399.00 | 406.00 | 408.00 | 434.00 | 449.00 |
| Other intangible assets | 252.00 | 270.00 | 110.00 | 316.00 | 327.00 | 71.00 | 422.00 | 66.00 |
| Inventories | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 |
| Trade receivables | 365.00 | 440.00 | 398.00 | 496.00 | 710.00 | 790.00 | 853.00 | 1,014.00 |
| Cash and cash equivalents | 441.00 | 418.00 | 420.00 | 354.00 | 412.00 | 542.00 | 594.00 | 697.00 |
| Total equity and liabilities | 2,311.00 | 2,288.00 | 2,529.00 | 2,929.00 | 2,704.00 | 3,146.00 | 3,530.00 | 3,697.00 |
| Equity | 1,746.00 | 1,717.00 | 1,976.00 | 2,249.00 | 2,050.00 | 2,308.00 | 2,627.00 | 2,564.00 |
| Equity share capital | 50.00 | 48.00 | 48.00 | 48.00 | 47.00 | 47.00 | 47.00 | 92.00 |
| Other equity | 1,696.00 | 1,667.00 | 1,925.00 | 2,199.00 | 2,001.00 | 2,259.00 | 2,577.00 | 2,469.00 |
| Total liabilities | 565.00 | 571.00 | 554.00 | 679.00 | 654.00 | 838.00 | 903.00 | 1,133.00 |
| Non-current liabilities | 215.00 | 221.00 | 241.00 | 303.00 | 333.00 | 397.00 | 414.00 | 426.00 |
| Current liabilities | 349.00 | 350.00 | 313.00 | 377.00 | 321.00 | 441.00 | 489.00 | 707.00 |
| Borrowings, non-current | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 10.00 | 18.00 | 14.00 | 19.00 | 89.00 | 79.00 | 79.00 | 100.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 231.00 | 493.00 | 283.00 | 526.00 | 290.00 | 655.00 | 336.00 | 873.00 |
| Net cash from investing activities | -169.00 | -84.00 | -238.00 | -488.00 | 287.00 | 131.00 | -193.00 | -141.00 |
| Net cash from financing activities | -43.00 | -440.00 | -44.00 | -107.00 | -526.00 | -610.00 | -118.00 | -622.00 |
| Purchase of property, plant and equipment | 42.00 | 91.00 | 34.00 | 67.00 | 56.00 | 121.00 | 52.00 | 119.00 |
| Net increase in cash | 21.00 | -2.00 | 2.00 | -64.00 | 58.00 | 188.00 | 52.00 | 155.00 |
| con:CFO.BEFORE_TAX | 301.00 | 671.00 | 346.00 | 698.00 | 366.00 | 819.00 | 425.00 | 1,099.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | -76.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 70.00 | 178.00 | 63.00 | 172.00 | 0.00 | 164.00 | 89.00 | 225.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 740.00 | 1,602.00 | 879.00 | 2,111.00 | 1,300.00 | 2,235.00 | 1,089.00 | 2,187.00 |
| con:INVESTMENTS_SOLD | 612.00 | 1,548.00 | 670.00 | 1,667.00 | 1,397.00 | 2,453.00 | 936.00 | 2,198.00 |
| con:PPE_DISPOSALS | 0.00 | 1.00 | 2.00 | 3.00 | 5.00 | 0.00 | 1.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-07-25 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-01-07 | 2026-03-16 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 53.61 | 53.61 | 53.61 | 53.81 | 53.81 | 53.81 | 53.81 | 0.54 | 0.54 | 0.54 | 0.55 | 0.55 | 0.55 | 0.55 |
| Domestic institutions | 22.90 | 22.75 | 22.50 | 22.86 | 24.03 | 24.19 | 25.12 | 0.26 | 0.26 | 0.25 | 0.25 | 0.24 | 0.24 | 0.24 |
| Mutual funds | — | — | — | — | — | — | — | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 | 0.23 | 0.23 |
| Insurance companies | 0.43 | 0.44 | 0.47 | 0.50 | 0.76 | 0.88 | 0.98 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 11.81 | 12.19 | 11.78 | 11.42 | 10.31 | 10.27 | 10.12 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.11 |
| Government | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 44.76 | 44.73 | 44.96 | 44.75 | 44.77 | 44.86 | 44.75 | 0.45 | 0.45 | 0.44 | 0.44 | 0.43 | 0.43 | 0.43 |
| Non-institutional | 10.03 | 9.78 | 10.67 | 10.45 | 10.41 | 10.38 | 9.49 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Shares outstanding | 49025359 | 49025359 | 49025359 | 47650359 | 47650359 | 47650359 | 47650359 | 47650359 | 47650359 | 47650359 | 47025359 | 94050718 | 94050718 | 94050718 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| eClerx LLC | Subsidiary company | Purchase of goods or services, Sale of goods or serv | 2,127,050,000.00 | 2 |
| ASEC Group LLC | Subsidiary company | Loan, Purchase of goods or services, Sale of goods o | 1,022,470,000.00 | 5 |
| eClerx Ltd | Subsidiary company | Purchase of goods or services, Sale of goods or serv | 725,180,000.00 | 3 |
| CLX Thai Company Limited | Subsidiary company | Purchase of goods or services | 203,590,000.00 | 2 |
| eClerx Private Limited | Subsidiary company | Purchase of goods or services, Sale of goods or serv | 175,770,000.00 | 2 |
| CLX Europe S.P.A | Subsidiary company | Purchase of goods or services, Sale of goods or serv | 136,800,000.00 | 4 |
| eClerx PTY Ltd. | Subsidiary company | Purchase of goods or services | 91,230,000.00 | 1 |
| eClerx Private Ltd | Subsidiary company | Purchase of goods or services, Sale of goods or serv | 78,160,000.00 | 2 |
| CLX Europe Media Solution Limited | Subsidiary company | Sale of goods or services | 69,280,000.00 | 2 |
| ECLERX ME INFORMATION TECHNOLOGY CONSULTANTS L.L.C | Subsidiary company | Purchase of goods or services | 46,230,000.00 | 1 |
| Kapil Jain | Managing Director and Group CEO | Remuneration | 45,650,000.00 | 1 |
| eClerx Canada Limited | Subsidiary company | Purchase of goods or services | 24,940,000.00 | 1 |
| Anjan Malik | Promoter | Dividend paid, Remuneration | 20,030,000.00 | 3 |
| eClerx B.V. | Subsidiary company | Purchase of goods or services | 13,080,000.00 | 1 |
| PD. Mundhra | Promoter-Key managerial personnel | Dividend paid | 11,510,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-11 | Q1FY27 | CONFERENCE CALL PARTICIPANTS:, SANDEEP SHAH -EQUIRUS SECURITIES | Read the call |
| 2026-05-19 | Q4FY26 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2026-02-04 | Q3FY26 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2025-10-30 | Q2FY26 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2025-07-30 | Q1FY26 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2025-05-21 | Q4FY25 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2025-02-05 | Q3FY25 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2024-11-11 | Q2FY25 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2024-08-21 | Q1FY25 | CONFERENCE CALL PARTICIPANTS:, NITISH REGE – CHRYSCAPITAL | Read the call |
| 2024-05-24 | Q4FY24 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2024-02-06 | Q3FY24 | CONFERENCE CALL PARTICIPANTS:, NIKHIL CHOUDHARY - NUVAMA | Read the call |
| 2023-11-14 | Q2FY24 | CONFERENCE CALL PARTICIPANTS:, NITISH REGE - CHRYCAPITAL | Read the call |
| 2023-08-16 | Q1FY24 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2023-05-31 | Q4FY23 | CONFERENCE CALL PARTICIPANTS: | Read the call |
| 2022-05-27 | Q4FY22 | CONFERENCE CALL PARTICIPANTS: | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | — | There is some CapEx that may happen in Peru. | CapEx and associated depreciation is likely to increase in the next 2, 3 quarters as we refurbish our facilities for return to office. | And what would be the Capex which we've envisaged for FY '24? | — | — | — |
| Capital allocation | Transfer of personnel for consideration I think that is mentioned there about INR 206 million or so and when that happened because this was an acquisi… | In Customer Operations, we are seeing momentum around new logo acquisition and are seeing early success in cross-sell of our Care business into other … | — | So the Board has already approved a dividend of INR 1 for this year in the current Board meeting. | For something more unrelated, we feel it will probably have to be on the back of some acquisition, and that is unpredictable to a large degree. | We have about INR 1100 crores of cash on our books and in line with the usual practice of returning excess cash to shareholders, we have announced a b… | Momentum around new logo acquisition and cross-sell of customer service continues and our cross-sell strategy seems to be working well. | The Board has proposed a dividend of INR 1 per share. |
| Costs | — | — | — | Our assessment also is that captives typically experience higher cost inflation than third-party providers in these times eClerx Services Limited May … | — | — | — | — |
| Debt and cash | — | — | — | — | — | — | — | In FY '26, we generated INR 8,729 million of cash from operations and a free cash flow of INR 7,560 million, 33% and 41% higher than the previous year… |
| Demand | So Manik, I think overall, we are seeing decent pipeline across our 3 segments: Financial Markets, Customer Operations, and as Srini was mentioning in… | We continue our efforts to further strengthen the pipeline, to focus on our technology business and on large deals and cross-sell efforts. | While near-term volatility is inherent in our business and may result in Q4 being softer than the first 3 quarters, underlying demand remains healthy. | FY '22, and Q4 in particular, continue to be strong for us, supported by a strong demand environment and positive results from our strategy to focus o… | From our conversations with clients and based on market conditions, it appears that the softness will continue, and it will take at least 1 or 2 quart… | Our pipeline is healthy across all 3 businesses as we get into FY '24/'25. | And in a way it partly reflects your pipeline likely to be similar or better than let's say when we started FY25. That is the right way to understand … | BFSI had a softer quarter, and a couple of engagements were down, the consulting work that we were doing, but the pipeline is encouraging. |
| Guidance | Just wanted to understand, we expect maybe there was some surprise in terms of Personiv transfer. | As usual, I would like to remind you that anything that is mentioned on this call that gives any outlook for the future, or which can be construed as … | As usual, I would like to remind you that anything that is mentioned on this call that gives any outlook for the future or which can be construed as f… | I would like to remind you that anything that is said on this call which gives any outlook for the future or which can be construed as forward-looking… | I would like to remind you that anything that is said on this call that gives an outlook for the future or which can be construed as a forward-looking… | As usual, I would like to remind you that anything that is said on this call that gives any outlook for the future or which can be construed as forwar… | As usual, I would like to remind you that anything that is mentioned on this call that gives any outlook for the future, or which can be construed as … | As usual, I would like to remind you that anything that is mentioned on this call that gives any outlook for the future, or which can be construed as … |
| Margin | EBITDA for the quarter was INR 2,280 million at 29.5% margin, up 4.2% Q-o-Q and Net profit was INR 1,386 million, at 17.9% margin, up 2% sequentially. | EBITDA for Q3 was INR 2,281 million at a margin of 26.1%, while PAT for the quarter was INR 1,371 million at a margin of 15.7%. | We are pleased to share the highlights of our performance in Q3 FY26. It was a good quarter on both the revenue and margin front. | And in the long term, they give us more operational flexibility, stickier business and better margin. | EBITDA margin for the quarter was INR 2,119 million at 30.3% and net profit was INR 1,325 million at 19%, an expansion of 36 bps Q-on-Q. | There is a sequential decline in margin in this quarter, primarily going to our investments in strengthening our sales and delivery capabilities. | EBITDA for Q4 was INR 2,505 million at a margin of 27.3%, up 9.8% sequentially. | EBITDA grew 29% to INR 1,153 crores, with margins expanding meaningfully. |
| People | So, bear in mind that in order to replace the revenue that has gone away from Personiv and therefore the headcount as well. | As we had indicated, margins in Q3 were lower and in line with our Q2 commentary, this is because of the removal of one off in Q2 and the lower utiliz… | Utilization has been higher in Q3, leading to a 30 bps improvement in delivery cost and there is minor improvement in G&A as well. | We have continued aggressive hiring in Q4, both to offset somewhat elevated attrition and eClerx Services Limited May 24, 2022 also to cater for growt… | You would have seen that attrition has come down, not just for us, but for the industry as a whole. | Headcount, i.e. exit headcount, is up by about 270 people over the previous quarter, [and] while attrition is up from 16% to 22%, it is still some way… | Staff utilization is the same as the last quarter. | Attrition at 21% is marginally up as compared to Q2 and Q3, but lower than what we've seen in the past. |
| Pricing | — | I just wanted to understand that of the three verticals which you are present in, the objective of hiring sales leadership was to get better to sell t… | So how does our clients' product compare in terms of pricing other metrics to their competitors' products. | My first question was on the pricing side. | — | So, there will be some pricing pressure on the deals. | And on the pricing perspective, incrementally, are we still pricing at some discount or lower rate to improve our win rate? | What are the challenges or, let's say, execution risks that you foresee from a near- to medium-term perspective, whether around pricing or disruption … |
| Revenue growth | And in the customer operations, the growth was led from existing accounts, both on account of seasonality as well as on account of new additions. | I think on the overall digital, like as I said, we are having discussions with clients in terms of how do we make them more efficient, effective, how … | Growth was also strong in Hi-tech and M&D. | And Q4 was the highest organic revenue growth percentage on a Y-o-Y basis, also in the last 11 years. | Top-line growth was flat in this quarter, attributable to softness in client demand, impacting onshore revenues and our digital business. | We delivered a revenue growth in USD terms of 1.5% Q-o-Q in Q4, reaching operating revenue of USD 91.9 million, driven by growth in our customer opera… | Now coming to numbers, we reported strong revenue growth in Q4. Operating revenue was USD 104.9 million, up 4.2% sequentially. | Margins held up well despite the softer sequential revenue growth, a testament to the discipline we have built into our operating model. |