eClerx Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
eClerx reported Q1FY27 operating revenue of USD 125.9 million, up 15.2% year-on-year, marking its 12th consecutive quarter of sequential growth. Operating EBITDA margin was 23% and PAT margin was 14%, with the sequential margin decline attributed mainly to wage increases. Management said Analytics and Automation crossed a USD 100 million annual run rate and new deal wins were USD 41 million, up 25% year-on-year, while BFSI and M&D/Retail verticals remained relatively soft.
eClerx reported FY26 operating revenue of USD 469 million, up 17.9% year-on-year, with EBITDA growing 29% to INR 1,153 crores and net profit rising 30% to INR 706 crores. Q4 operating revenue was USD 122 million, up 17% year-on-year but only 0.6% sequentially, with operating EBITDA margin at 25.7%. Management described BFSI, M&D and retail verticals as softer in the quarter while CMT and the analytics and automation business, now a USD 90 million book, showed strong growth, and the company reported its first large-scale Agentic AI win with deployment planned for Q1 FY27.