Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q3 FY26 Earnings Presentation
13 slides from Eclerx Services's earnings presentation, Jan 29, 2026
Slide 1: Revised Earnings Presentation cover letter to exchanges
eClerx/SECD/SE/2026/015 January 29, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra - Kurla Complex 25th Floor, Dalal Street, Bandra (East), Fort, Mumbai - 400 001 Mumbai – 400 051 D
Slide 2: Financial Performance – Q3 FY26
JAN 2026 INVESTOR RELATIONS FINANCIAL PERFORMANCE – Q3 FY26 JAN 28, 2026
Slide 3: Financial Summary
Financial Summary Metrics FY26 Q3 Q-o-Q YTD FY26 Y-o-Y OPG revenue (USD mm) $121.7 5.4% $346.5 18.4% Revenue OPG revenue (INR mm) 10,703 6.5% 30,097 22.0% Total revenue (INR mm) 11,017 6.4% 30,820 22.2% EBITDA (INR mm) 3,075 3.1% 8,405 30.5% Profit EBIT (INR mm) 2,612 2.1% 7,148 31.4% Net profit (IN
Slide 4: Key Performance Indicators
Key Performance Indicators Revenue in INR (Mn) EBITDA (INR Mn) 10,000 21.1% 33,659 9,000 8,404 8,946 8,405 4-Year Revenue CAGR 30,097 8,000 8,983 2,505 from FY21 to FY25 7,000 2,186 3,075 10,703 Q4 6,000 8,538 5,000 2,280 2,281 Q3 29,225 4,000 Q2 26,479 10,049 2,983 21,603 8,318 3,000 2,288 Q1 2,189
Slide 5: Balance Sheet and Other Updates
Balance Sheet and Other Updates Cash and Cash Equivalents and Net Operating Cash Book value and Cash & Cash Equivalents (INR) flow (INR Mn) 591 12,506 559 530 10,839 10,543 474 491 10,258 10,205 466 357 6,805 6,563 6,546 267 5,050 5,259 225 218 217 225 4,482 206 3,137 137 2,536 223 FY22 FY23 FY24 FY
Slide 6: Other Income
Other Income Figures in INR millions. Other Income FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 Investment Income 124.0 108.4 105.5 100.7 86.0 Revaluation Income* 64.1 186.1 (32.1) (33.7) 106.0 Others 125.3 9.4 31.9 115.5 22.1 Total 313.4 303.9 105.3 182.5 214.0 * Gain / Loss regrouped as other income/ex
Slide 7: Revenue, A&A and ACV
Amounts in $ mm Revenue, A&A and ACV Industries A&A Q1'25 Q2'25 Q3'25 Q4'25 FY25 Q1'26 Q2’26 Q3’26 BFSI 41.8% 43.8% 43.7% 43.7% 43.3% 43.2% 41.4% 40.1% 73.2 65.3 65.3 61.9 19.0 CMT 26.4% 26.1% 25.2% 25.7% 25.8% 25.4% 25.9%20.025.0% 56.2 16.2 23.6 HiTech and M&D 16.8% 16.7% 16.2% 16.1% 16.4% 16.5% 16
Slide 8: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $252.3 mm at average INR 89.22/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY25 Q3 $49.8 84.66 FY25 Q4 $49.8 84.86 Total FY25 USD $195.0 84.54 Matured Forwards FY26 Q1 $52.8 85.25 FY26 Q2 $52.8 85.94 FY26 Q3 $5
Slide 9: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY26 Q3 OPR (%) FY26 Q2 OPR (%) Operating Revenue $ $121.7 $115.5 Total Revenue* 11,017 10,352 Operating Revenue 10,703 10,049 Cost of Revenues Delivery and Support Employees Cost 5,598 52.3% 5,281 52.6% General and Administrative Expenses Facili
Slide 10: Key Revenue Metrics
Key Revenue Metrics FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY24 Q4 USD 86% 86% 86% 86% 86% 87% 86% 86% Currency EURO 8% 8% 8% 8% 8% 8% 9% 9% Contribution (%) GBP 3% 3% 3% 3% 3% 3% 3% 3% Others 3% 3% 3% 3% 3% 2% 2% 2% North America 80% 80% 79% 78% 76% 76% 75% 74% Geographic Concentra
Slide 11: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) $7.4 (3.3%) $7.1 (8.6%) $40.8 $7.0 (6.8%) $36.0 34.6% $7.8 7.2% $7.6 3.0% 27.2% $33.2 $29.8 19.1% $30.4 10.3% 3.1% $73.5 $72.4 $69.0 17.3% $67.2 15.4% $62.7 16.8% 19.3% 16.8% FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 Strategic (Top 10 clients) Emerging ($0.5 mm+) Emerging (oth
Slide 12: Key Headcount Metrics
Key Headcount Metrics FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY24 Q4 FY24 Q3 Staff Utilization (Delivery) Staff Utilization (Delivery) 76.5% 75.1% 72.8% 73.2% 73.2% 74.1% 72.1% 73.5% 73.9% Offshore Delivery 18,147 17,754 16,865 15,925 15,260 14,861 14,921 14,690 14,496 Onshore Deliv
Slide 13: 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