eClerx Services Limited has informed the Exchange about Transcript
ECLERX · price
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eClerx filed the transcript of its Q4 FY25 earnings call held on May 15, 2025. Q4 operating revenue came in at USD 104.9 million, up 4.2% sequentially, and INR 8,983 million, up 5.2% QoQ. EBITDA for the quarter was INR 2,505 million at a margin of 27.3% (up 9.8% QoQ), and PAT was INR 1,522 million at a 16.6% margin (up 11% QoQ). For full-year FY25, revenue grew 12.3% YoY in dollar terms to USD 397.6 million, with EBITDA up 6.4% and PAT up 5.8%. Deal wins stood at USD 51 million for Q4 and USD 140 million for the full year, and management stated the FY26 pipeline is better than at the start of FY25. The company maintained its 24-28% EBITDA margin band for FY26, reaffirmed its four-year strategy of top-quartile revenue growth, and noted new delivery centers in Lima and Cairo are now operational. BFSI and CMT segments led growth, while Fashion & Luxury remained weak due to US and China headwinds.
Solid quarterly execution with margins landing in the middle of the guided range and healthy full-year deal momentum should reassure investors. Reaffirmation of the 24-28% margin band and multi-year top-quartile growth targets, combined with a stronger FY26 pipeline, is a positive signal, though Fashion & Luxury weakness and macro-related Q1 caution are near-term watchpoints.