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Earnings Call

eClerx Services Earnings Call: Key Takeaways

eClerx delivered a strong FY26 with 18% dollar revenue growth and significant margin expansion, though Q4 saw a sequential growth slowdown. Management remains optimistic about FY27, citing strong deal wins and AI-led transformation capabilities.

Why this was an Alfa AlertNot a filter event. Results and guidance are in line with the established 24-28% margin band.
Highlights
Revenue growthFY26 revenue up 18% YoY in USD; sequential growth slowed in Q4.
MarginsEBITDA margins expanded YoY; FY27 guidance remains steady at 24-28%.
Order bookQ4 new deal wins at $46 million show steady client momentum.
Demand visibilityStrong pipeline across verticals, especially in AI and analytics segments.
Management confidenceConfident, emphasizing 'top quartile' growth and robust AI integration for FY27.

Growth

FY26 revenue grew 18% to $469M; Net Profit surged 30% to ₹706 crore, reflecting high operational leverage.

Outlook

FY27 guidance aims for 'top quartile' industry growth with EBITDA margins maintained at 24-28%.

Risks

Sequential Q4 growth stalled at 0.6%; US regulatory risks regarding offshore call restrictions (NPRM) pose a threat.

Source

Earnings Call filed with BSE, NSE: ECLERX. Summary written with AI assistance from the document.

Read the document ↗

eClerx Services Ltd: key numbers

Share price
₹1,898.80
Market cap
₹17,858 Cr
Revenue (annual)
₹4,117 Cr
Net profit (annual)
₹706.2 Cr
P/E (TTM)
24.5×Sector 22.1×
Promoter holding
54.52%+0.00% QoQ
FII holding
11.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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