eClerx Q2 FY26: Revenue up 5.7% QoQ, Buyback of INR 300 Cr Announced

Management guided margin pressureOrder pipeline disclosedInvestor Communications View source PDF Explain this filing

ECLERX · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹2349.50

prior close

₹2354.00

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.6%+1.3% vs market

Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 7sector+0.0%+0.7% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Smallcap 250 and 0.7 pts more than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+2.5

15m

+0.7

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7-0.6+1.3+0.0+0.7

Next day

+0.7+0.1+0.5-0.1+0.8

+0.5-0.5+1.0+0.4+0.1

-2.5-2.0-0.5+0.1-2.6

-9.3-2.2-7.1-0.6-8.7

-7.7-2.3-5.4+0.2-7.9

-4.9-1.7-3.2+1.8-6.7

15d

-4.6-4.6-0.0-5.7+1.1

-0.4-3.7+3.3-1.7+1.3

+0.0-4.2+4.2-9.6+9.6

+3.1-10.9+14.0-13.8+16.9

UpDownMarket · Nifty Smallcap 250Sector · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

eClerx Q2 FY26: USD revenue $115.5M up 5.7% QoQ; INR 10,049M up 7.5%. EBITDA INR 2,983M at 28.8% margin, up 400 bps QoQ (200 bps from FX). PAT INR 1,832M up 29% QoQ. H1 USD revenue $225M, 17% YoY. Deal wins $46M. Board approved INR 300 Cr buyback; promoters not participating. Margin band held at 24-28% but Q3 expected lower on rupee appreciation. DSO improved to 76 days. Pipeline strong, ACV seen above last year.

Likely market impact

INR 300 Cr buyback positive for shareholders; Q3 margin guided lower than Q2 on FX; strong H1 growth and deal pipeline support outlook.