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Investor Presentation

eClerx Services Investor Presentation: Key Takeaways

eClerx Q1 FY27 results show strong YoY revenue growth of 23.8%, driven by AI-powered analytics and digital operations. EBITDA margins contracted to 24.2% due to wage increments.

Highlights
Revenue growth23.8% YoY in INR terms; 15.2% YoY in USD terms.
MarginsMargins impacted by wage hikes; EBITDA margin at 24.2%.
Order bookACV of new deals for Q1 FY27 at $40.8 million.
Demand visibilityStrong constant currency growth of 15.1% YoY.

Growth

Q1 FY27 revenue reached INR 11,702 Mn (+23.8% YoY); PAT stood at INR 1,643 Mn (+16.0% YoY).

Outlook

Management proposed a dividend of INR 1 for FY27. Headcount increased 10% YoY to 22,499.

Risks

EBITDA margin compression (down 330 bps QoQ) attributed to seasonal wage increments effective April 1, 2026.

Last quarter's promises, checked

Delivered

  • Guided Q1 stronger than Q4 sequentially → Delivered INR 11,702 Mn vs 11,354 Mn (= BEAT)
  • Guided top quartile revenue growth → Delivered 23.8% YoY growth (= BEAT)
  • Guided EBITDA margin 24%-28% → Delivered 24.2% (= BEAT)

Partly delivered

  • Guided wage hike impact 300-350 bps → Delivered 330 bps contraction (= PARTIAL)
Source

Investor Presentation filed with NSE, 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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