Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q3 FY2024 Earnings Presentation
14 slides from Eclerx Services's earnings presentation, Feb 1, 2024
Slide 1: Exchange filing cover letter for earnings presentation
eClerx/SECD/SE/2024/008 February 1, 2024 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: Investor Relations: Financial Performance – Q3FY24
Investor Relations Financial Performance – Q3FY24 Feb 1st, 2024
Slide 3: Financial Summary
Financial Summary Metrics FY24 Q3 Q-o-Q YTD FY24 Y-o-Y OPG revenue (USD mm) 90.5 3.3% 262.0 6.0% Revenue OPG revenue (INR mm) 7,528 4.3% 21,590 10.4% Total revenue (INR mm) 7,735 5.1% 22,014 9.2% EBITDA (INR mm) 2,280 4.2% 6,218 4.0% Profit EBIT (INR mm)* 1,945 3.1% 5,296 2.7% Net profit (INR mm) 1,
Slide 4: Other Income
Other Income Figures in INR millions. Other Income FY24 Q3 FY24 Q2 FY24 Q1 FY23 Q4 FY23 Q3 Investment Income 108.5 76.7 52.3 68.6 66.1 Revaluation Income* -17.0 46.0 -0.0 -42.2 49.0 Others 116.4 18.8 22.7 26.1 62.7 Total 207.8 141.5 75.0 52.5 177.8 * Gain / Loss regrouped as other income/expenses ba
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $220.2 mm at average INR 84.62/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY23 Q4 $41.7 79.73 Total FY23 USD $159.0 78.55 Matured Forwards FY24 Q1 $41.7 80.83 FY24 Q2 $41.7 81.82 FY24 Q3 $45.0 82.96 FY24 Q4 $4
Slide 6: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY24 Q3 OPR (%) FY24 Q2 OPR (%) Operating Revenue $ 90.5 87.6 Total Revenue* 7,735 7,359 Operating Revenue 7,528 7,218 Cost of Revenues Delivery and Support Employees Cost 3,746 49.8% 3,677 50.9% General and Administrative Expenses Facilities (Re
Slide 7: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 376.2 60.0 9.1 87.8 127.8 32.5 1,945 1,886 69.1 Q2FY24 Operating Offshore Onshore Q3FY24 Revenue & Oth Delivery Cost Delivery Cost G&A S&D Depreciation EBIT EBIT Inc. • Operating revenue up by 5.1% QoQ • G&A: most of the increase due to increase in recruitment
Slide 8: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 10,664 mm for Q3 FY24 vs INR 9,102 mm for Q2 FY24 - Equivalent to INR 221.7 per share Q3 FY24 vs INR 188.8 for Q2 FY24 - Net operating cash flow in Q3 FY24 is INR 1,821.4 mm vs INR 1,605.6 mm in Q2 FY24 o EBITDA conversion at 79.
Slide 9: Key Business Metrics
Key Business Metrics Metrics FY24 Q3 FY24 Q2 FY24 Q1 FY23 Q4 FY23 Q3 FY23 Q2 FY23 Q1 FY22 Q4 USD 84% 83% 82% 83% 82% 83% 82% 81% EURO 9% 10% 10% 10% 10% 9% 10% 11% Currency Contribution (%) * GBP 3% 3% 3% 3% 3% 3% 3% 3% Others 4% 4% 5% 4% 5% 5% 5% 5% North America 74% 73% 72% 71% 71% 72% 70% 69% Geo
Slide 10: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) 20.0% 7.6% 5.6% $7.4 $7.8 6.4%21.6% $7.0 $7.1 23.6% $7.7 13.2% 20.0% 13.5% 19.9% $29.4 28.3% 27.2% 35.1% $28.1 $28.1 $27.9 4.6% 27.0% $27.0 21.6% 14.6% 10.6% 56.1% 5.9% $50.0 $51.8 $53.7 $50.4 $49.2 7.4% 12.5% 8.6% 2.6% 3.1% 20.2% 12.5% 19.7% 17.7% 30.8% FY23 Q3 FY23 Q4 FY24
Slide 11: Human Resources Update
Human Resources Update 16,804 17,076 107 124 16,333 Headcount 956 118 1,002 977 843 863 607 862 611 585 14,271 14,496 13,791 FY23 Q3 FY24 Q2 FY24 Q3 Offshore Delivery Onshore Delivery Support Services Tech Services BD 25.1% 23.8% Offshore Voluntary Attrition 16.6% FY23 Q3 FY24 Q2 FY24 Q3 www.eclerx.
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 Q3 FY24 revenue stands at INR 773.5 crore and net profit up by 5.7%
eClerx’s Q3 FY24 revenue stands at INR 773.5 crore and net profit up by 5.7% at INR 138.6 crore Mumbai, February 1, 2024: eClerx Services Ltd. (eCx), an industry-focused specialist services firm managing and improving complex data-driven processes, today announced its results for fiscal Q3 2024. eCl
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