eClerx Services Limited has informed the Exchange about Transcript
ECLERX · price
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eClerx Services Limited reported FY26 operating revenue of USD 469 million, up 17.9% YoY (INR 4,217 crores, up 22%). EBITDA grew 29% to INR 1,153 crores with margins expanding 132 bps for the full year. Net profit rose 30% to INR 706 crores. Q4 revenue was USD 122 million (INR 1,135 crores) with operating EBITDA margin at 25.7%, down 15 bps sequentially due to higher headcount and travel costs. New deal wins for Q4 were USD 46 million. Analytics and automation business reached USD 90 million milestone. The company won its first large-scale Agentic AI deal with deployments planned for Q1 FY27. Top 10 client concentration reduced to 59%, indicating improved diversification. Management guided for top quartile growth and maintained EBITDA margin range of 24%-28% for FY27, with Q1 expected to be stronger than Q4 sequentially.
Strong full-year results with margin expansion demonstrate operational leverage. Management maintained guidance for FY27, indicating continued confidence. The reduction in client concentration and new AI deal wins reduce key risks. However, Q4 was softer sequentially with margin pressure, and the company flagged potential AI-related deflationary pressures in bookings.