Slide 1: Exchange filing cover letter for earnings presentation
eClerx/SECD/SE/2023/081 August 9, 2023 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 Dea
Slide 2: Investor Relations: Financial Performance Q1FY24
Investor Relations Financial–Performance Financial Performance Q1FY24 – Q1FY24 Aug 9th, 2023 Aug 9th, 2023
Slide 3: Financial Summary
Financial Summary Metrics FY24 Q1 Q-o-Q Y-o-Y OPG revenue (USD mm) $83.9 -2.0% 5.5% Revenue OPG revenue (INR mm) 6,845 -1.2% 10.8% Total revenue (INR mm) 6,920 -0.9% 8.2% EBITDA (INR mm) 1,750 -17.4% -6.4% Profit EBIT (INR mm)* 1,465 -18.6% -9.6% Net profit (INR mm) 1,063 -19.8% 7.2% EBITDA (%) 25.3
Slide 4: Other Income
Other Income Figures in INR millions. Other Income FY24 Q1 FY23 Q4 FY23 Q3 FY23 Q2 FY23 Q1 Investment Income 52.3 68.6 66.1 42.8 26.0 Revaluation Income* -0.0 -42.2 49.0 153.4 180.5 Others 22.7 26.1 62.7 12.5 12.6 Total 75.0 52.5 177.8 208.7 219.1 * Gain / Loss regrouped as other income/expenses bas
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $206.4 mm at average INR 83.68/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY23 Q2 $37.3 77.9 FY23 Q3 $40.8 78.8 Matured Forwards FY23 Q4 $41.7 79.7 Total FY23 USD $159.0 78.6 FY24 Q1 $41.7 80.8 FY24 Q2 $41.7 8
Slide 6: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY24 Q1 OPR (%) FY23 Q4 OPR (%) Operating Revenue $ 83.9 85.6 Total Revenue* 6,920 6,984 Operating Revenue 6,845 6,931 Cost of Revenues Delivery and Support Employees Cost 3,664 53.5% 3,460 49.9% General and Administrative Expenses Facilities (Re
Slide 7: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 63.7 157.4 46.8 21.6 80.3 204.2 Q4FY23 Operating Revenue Offshore Onshore Q1FY24 Delivery Cost G&A S&D Depreciation EBIT & Oth Inc. Delivery Cost EBIT • Operating revenue down 1.2% qoq • Delivery Cost: up 5.9%, primarily due to increments • G&A: Increase due t
Slide 8: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 7,911 mm for Q1 FY24 vs INR 6,563 mm for Q4 FY23 - Equivalent to INR 164.7 per share Q1 FY24 vs INR 136.6 for Q4 FY23 - Net operating cash flow in Q1 FY24 is INR 1,226.6 mm vs INR 1,649.2 mm in Q4 FY23 o EBITDA conversion at 70.1
Slide 9: Key Business Metrics
Key Business Metrics Metrics FY24 Q1 FY23 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY22 Q4 FY22 Q3 FY22 Q2 USD 82% 83% 82% 83% 82% 81% 80% 80% EURO 10% 10% 10% 9% 10% 11% 11% 10% Currency Contribution (%) * GBP 3% 3% 3% 3% 3% 3% 4% 5% Others 5% 4% 5% 5% 5% 5% 5% 5% North America 72% 71% 71% 72% 70% 69% 70% 69% Ge
Slide 10: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) 20.0% $7.0 $7.1 7.6% $7.7 $6.9 20.0% 13.5% $6.1 5.6% 27.2% 7.6% 21.6% 5.6% 23.6% $28.1 $28.1 $25.3 21.6% 14.6% 19.9% $27.0 28.3% $25.5 19.9% 35.1% 5.9% 35.1% 27.0% 56.1% $50.0 $50.4 $49.2 $50.3 $48.0 12.5% 8.6% 2.6% 20.2% 19.7% 20.2% 12.5% 19.7% 17.7% 30.8% FY23 Q1 FY23 Q2 F
Slide 11: Human Resources Update
Human Resources Update 16,171 104 16,127 115 15,726 915 120 Headcount* 1,135 1,058 951 948 681 870 599 535 13,520 13,330 13,143 FY23 Q1 FY23 Q4 FY24 Q1 Offshore Delivery Onshore Delivery Support Services Tech Services BD 29.1% 29.7% Offshore Voluntary Attrition^ 21.0% FY23 Q1 FY23 Q4 FY24 Q1 www.ecl
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
Slide 13: eClerx's Q1 FY24 revenue stands at INR 684.5 crore and net profit up by 7.2%
eClerx’s Q1 FY24 revenue stands at INR 684.5 crore and net profit up by 7.2% at INR 106.3 crore Mumbai, August 9, 2023: eClerx Services Ltd. (eCx), an industry-focused specialist services firm managing and improving complex data-driven processes, today announced its results for fiscal Q1 2024. eCler
Slide 14: About eClerx Services Ltd
About eClerx Services Ltd: eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and tec