Eclerx Services Limited · NSE:ECLERX
Eclerx Services — Q1 FY25 Earnings Presentation
12 slides from Eclerx Services's earnings presentation, Jul 25, 2025
Slide 1: Financial Performance – Q1 FY25
AUG 2024 INVESTOR RELATIONS FINANCIAL PERFORMANCE – Q1 FY25 AUG 13, 2024
Slide 2: Financial Summary
Financial Summary Metrics FY25 Q1 Q-o-Q Y-o-Y OPG revenue (USD mm) 93.3 1.5% 11.1% Revenue OPG revenue (INR mm) 7,819 2.0% 14.2% Total revenue (INR mm) 8,031 1.7% 16.1% EBITDA (INR mm) 1,873 -14.3% 7.0% Profit EBIT (INR mm)* 1,556 -15.9% 6.2% Net profit (INR mm) 1,116 -14.5% 5.0% EBITDA (%) 23.3% -4
Slide 3: Other Income
Other Income Figures in INR millions. Other Income FY25 Q1 FY24 Q4 FY24 Q3 FY24 Q2 FY24 Q1 Investment Income 147.3 133.8 108.5 76.7 52.3 Revaluation Income* 6.8 -7.8 -17.0 46.0 -0.0 Others 58.1 104.3 116.4 18.8 22.7 Total 212.2 230.3 207.8 141.5 75.0 * Gain / Loss regrouped as other income/expenses
Slide 4: BPaaS, A&A and ACV
BPaaS, A&A and ACV BPaaS A&A 83.1 86.5 72.6 70.9 65.3 60.4 19.7 16.9 FY22 FY23 FY24 FY25 Q1 FY22 FY23 FY24 FY25 Q1 ACV of new deals (excludes CLX) 102.1 MM 82.4 MM 92.5 MM 35.7 28.7 24.4 25.1 25.7 22.6 22.9 21.6 19.4 19.6 18.3 18.7 19.9 Q1'FY22 Q2'FY22 Q3'FY22 Q4'FY22 Q1'FY23 Q2'FY23 Q3'FY23 Q4'FY23
Slide 5: Hedge Updates
Hedge Updates Current Hedge Status • Total outstanding hedges now $231.0 mm at average INR 85.06/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY24 Q1 $41.7 80.83 FY24 Q2 $41.7 81.82 FY24 Q3 $45.0 82.96 Matured Forwards FY24 Q4 $45.0 83.65 Total FY24 USD $173.4 82.35 FY25 Q1 $4
Slide 6: P&L Comparison
P&L Comparison Figures in INR millions. Operating P&L FY25 Q1 OPR (%) FY24 Q4 OPR (%) Operating Revenue $ 93.3 91.9 Total Revenue* 8,031 7,896 Operating Revenue 7,819 7,665 Cost of Revenues Delivery and Support Employees Cost 4,323 55.3% 3,942 51.4% General and Administrative Expenses Facilities (Re
Slide 7: QoQ EBIT Bridge
QoQ EBIT Bridge Figures in INR millions 1,850 18 208 96 22 12 25 1,556 304 Operating Offshore Onshore G&A S&D Depreciation Q1 FY25 EBIT Q4 FY24 EBIT Revenue & Oth Delivery Cost Delivery Cost Inc. • Operating revenue up by 14.2% YoY • Delivery Cost: Increase due to annual wage hike + additional hirin
Slide 8: Balance Sheet & Other Updates
Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 10,893 mm for Q1 FY25 vs INR 10,839 mm for Q4 FY24 • Equivalent to INR 225.4 per share for Q1 FY25 vs INR 224.7 per share for Q4 FY24 • Net operating cash flow for Q1 FY25 at INR 853.9 mm vs INR 605.2 mm for Q4 FY24 o EBITDA conv
Slide 9: Key Business Metrics
Key Business Metrics Metrics FY25 Q1 FY24 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY23 Q4 FY23 Q3 FY23 Q2 USD 86% 86% 84% 83% 82% 83% 82% 83% EURO 9% 9% 9% 10% 10% 10% 10% 9% Currency Contribution (%) * GBP 3% 3% 3% 3% 3% 3% 3% 3% Others 2% 2% 4% 4% 5% 4% 5% 5% North America 75% 74% 74% 73% 72% 71% 71% 72% Geogr
Slide 10: Revenue Mix Trends ($mm)
Revenue Mix Trends ($mm) 20.0% 7.6% $7.3 $7.5 $7.4 5.6% (3.1%) $7.8 3.0% 23.6% 6.4% 21.6% $7.7 13.2% $27.9 $29.4 $27.0 19.9% 3.3% 27.2% 28.3% $27.9 35.1% (3.7%) 27.0% 4.6% $27.0 10.6% 5.9% 56.1% $57.6 $57.9 $49.2 $51.8 $53.7 17.7% 14.1% 2.6% 3.1% 7.4% 20.2% 12.5% 19.7% 17.7% 30.8% FY24 Q1 FY24 Q2 FY
Slide 11: Human Resources Update
Human Resources Update 17,749 15,726 17,354 121 123 1,122 Headcount 1,049 120 902 862 1,058 630 683 870 535 14,690 14,921 13,143 FY24 Q1 FY24 Q4 FY25 Q1 Offshore Delivery Onshore Delivery Support Services Tech Services BD 22.7% 21.0% Offshore Voluntary 18.1% Attrition FY24 Q1 FY24 Q4 FY25 Q1 Attriti
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