| Management target | EBITDA Margin 26.0% FY27 |
|---|
| Revenue growth | Revenue up 15.2% YoY; organic growth remains consistent across 12 quarters. |
|---|---|
| Margins | Operating margins declined to 23% due to wage hikes and tech capex. |
| Order book | New deal wins at $41M, up 25% YoY; healthy pipeline momentum. |
| Demand visibility | Positive momentum in tech/BFSI; cautiousness in Retail due to geopolitical conflicts. |
| Management confidence | Balanced: confident in AI pivoting but cautious on client discretionary spending. |
Growth
Revenue rose 15.2% YoY to $125.9M, driven by High-Tech and Emerging Business segments.
Outlook
Management maintains FY27 EBITDA guidance of 24-28% despite increased tech-infrastructure spending.
Risks
Wage hikes compressed margins by 210 bps; soft demand in M&D and Retail verticals.
Last quarter's promises, checked
Delivered
- Guided 24-28% EBITDA → delivered 25.7% (= BEAT)
- Guided top-quartile growth → delivered 17.9% YoY ($) / 22% (INR) (= BEAT)
- Guided Q4 softer than Q3 → delivered 0.6% sequential growth (= BEAT)
Partly delivered
- Guided top 10 concentration reduction → delivered 59% from 63-64% (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: ECLERX. Summary written with AI assistance from 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.
More from eClerx Services Ltd
All →eClerx Services Employee Stock Options
The eClerx Employee Welfare Trust traded eClerx Services shares, reporting multiple off-market sales and market-based buy/sell transactions totaling ₹3.08 Crore.
- Value
- ₹3.06 Cr
eClerx Services Employee Stock Options
eClerx Employee Welfare Trust bought 9,627 equity shares on NSE for ₹1.89 Crore. Post-trade holding rose to 2,304,030 shares (2.45%).
- Value
- ₹1.89 Cr
eClerx Services Employee Stock Options
eClerx Employee Welfare Trust sold 6,237 shares on NSE for ₹1.20 Crore. The transaction is a routine ESOP trust inventory sale under the company's stock option plan.
- Value
- ₹1.20 Cr
eClerx Services Capital Structure Change
Eclerx Employee Welfare Trust purchased 32,497 equity shares of eClerx Services in market acquisitions. The total value of these transactions amounts to ₹6.33 Crore.
- Value
- ₹6.33 Cr
eClerx Services Capital Structure Change
Eclerx Employee Welfare Trust acquired 16,428 equity shares of eClerx Services Ltd via a market purchase valued at ₹3.16 Crore.
- Value
- ₹3.16 Cr
eClerx Services Capital Structure Change
Eclerx Employee Welfare Trust reported multiple share transactions totaling ₹5.77 Crore. This regulatory disclosure updates the Trust's equity holding in eClerx Services Ltd.
- Value
- ₹5.77 Cr