Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q3 FY25 Earnings Presentation
12 slides from Eclerx Services's earnings presentation, Jan 29, 2025
Slide 1: Financial Performance – Q3 FY25
JAN 2025 INVESTOR RELATIONS FINANCIAL PERFORMANCE – Q3 FY25 JAN 29, 2025
Slide 2: Financial Summary
Financial Summary Metrics FY25 Q3 Q-o-Q YTD FY25 Y-o-Y OPG revenue (USD mm) 100.7 1.8% 292.7 11.7% Revenue OPG revenue (INR mm) 8,538 2.6% 24,676 14.3% Total revenue (INR mm) 8,752 3.6% 25,230 14.6% EBITDA (INR mm) 2,281 -0.3% 6,441 3.6% Profit EBIT (INR mm)* 1,923 -1.9% 5,439 2.7% Net profit (INR m
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY25 Q3 FY25 Q2 FY25 Q1 FY24 Q4 FY24 Q3 Investment Income 86.0 88.1 147.3 133.8 108.5 Revaluation Income* 106.0 1.4 6.8 -7.8 -17.0 Others 22.1 38.9 58.1 104.3 116.4 Total 214.1 128.3 212.2 230.3 207.8 * Gain / Loss regrouped as other income/expenses
Slide 4: BPaaS, A&A and ACV
Amounts in $ mm BPaaS, A&A and ACV BPaaS A&A $83.2 $86.6 $71.2 $72.7 $66.7 22.2 $61.0 $57.1 $58.9 17.2 21.9 20.8 19.2 17.2 21.1 19.9 19.1 16.2 21.4 19.8 16.1 17.2 FY22 FY23 FY24 FY25 YTD FY22 FY23 FY24 FY25 YTD ACV of new deals (excludes CLX) 102.1 MM 82.4 MM 91.0 MM 35.7 33.3 29.3 28.9 26.8 24.4 24
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $242.4 mm at average INR 85.86/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY24 Q3 $45.0 82.96 FY24 Q4 $45.0 83.65 Total FY24 USD $173.4 82.35 Matured Forwards FY25 Q1 $47.7 84.23 FY25 Q2 $47.7 84.38 FY25 Q3 $4
Slide 6: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY25 Q3 OPR (%) FY25 Q2 OPR (%) Operating Revenue $ 100.7 98.8 Total Revenue* 8,752 8,447 Operating Revenue 8,538 8,318 Cost of Revenues Delivery and Support Employees Cost 4,569 53.5% 4,401 52.9% General and Administrative Expenses Facilities (R
Slide 7: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 137 1 55 38 61 1,960 21 1,923 54 Operating Offshore Onshore G&A S&D Depreciation Q3 FY25 EBIT Q2 FY25 EBIT Revenue & Oth Delivery Cost Delivery Cost Inc. • Operating revenue up by 11.7% YoY • G&A: Higher legal & professional fees • S&D: Higher people cost and
Slide 8: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Consolidated Cash and Cash Equivalents of INR 9,358 mm (Standalone – INR 3,913 mm) for Q3 FY25 vs INR 8,359 mm (Standalone – INR 3,151 mm) for Q2 FY25 • Equivalent to INR 199.0 per share for Q3 FY25 vs INR 178.0 per share for Q2 FY25 • Net operating cash flow fo
Slide 9: Key Business Metrics
Key Business Metrics Metrics FY25 Q3 FY25 Q2 FY25 Q1 FY24 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY23 Q4 USD 86% 87% 86% 86% 84% 83% 82% 83% EURO 8% 8% 9% 9% 9% 10% 10% 10% Currency Contribution (%) * GBP 3% 3% 3% 3% 3% 3% 3% 3% Others 3% 2% 2% 2% 4% 4% 5% 4% North America 76% 76% 75% 74% 74% 73% 72% 71% Geogra
Slide 10: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $7.7 20.0% $7.8 3.0% $7.5 0.4%7.6% $7.4 $7.3 $30.3 5.6% (3.1%) 3.0% $28.3 3.1% 21.6% 6.6% 23.6% $27.0 $27.9 0.9% $29.4 19.9% 28.3% (3.7%) 3.3% 35.1% 4.5% 27.0% 56.1% $62.8 $62.7 $57.6 $57.9 21.1% 16.8% $53.7 14.1% 17.7% 7.4% 20.2% 12.5% 19.7% 17.7% 30.8% FY24 Q3 FY24 Q4 FY25
Slide 11: Human Resources Update
Human Resources Update 18,227 18,642 128 17,076 123 124 1,704 Headcount 1,699 1,002 923 907 843 627 637 611 14,861 15,260 14,496 FY24 Q3 FY25 Q2 FY25 Q3 Offshore Delivery Onshore Delivery Support Services Tech Services BD 22.8% Offshore Voluntary 18.8% 16.6% Attrition Movement of Analytics HC to Tec
Slide 12: Thank You
Thank You This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend company’s prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, contain forward-looking statements that set out