Q2 2026 eClerx Services Limited Earnings Call Transcript
Key Points
- eClerx Services Ltd (BOM:532927) reported a strong Q2 with operating revenue of INR 115.5 million, up 5.7% sequentially.
- EBITDA margin for Q2 was 28.8%, showing a significant increase of 27% sequentially.
- The company achieved a year-on-year growth of 17% in INR terms for H1, with operating revenue reaching INR 19,394 million.
- Deal wins for Q2 amounted to INR 46 million, with notable growth in analytics and automation.
- eClerx Services Ltd (BOM:532927) was recognized as a leader in Everest Group's capital market operation services peak matrix, highlighting its domain specialization and GenAI adoption.
- The company anticipates that Q3 margins will not be as strong as Q2 due to recent INR appreciation.
- Attrition rate increased to 20% compared to Q1, following annual pay hikes and bonuses.
- Fashion & Luxury segment remains under pressure, with top fashion houses experiencing flat or declining revenues.
- The buyback price of INR 4,500 was questioned as the share price was closer to INR 4,700, indicating potential undervaluation.
- BPaaS segment remained flat, and the company is still determining the best way to report this metric.
Welcome to FY26 earnings call of eClerx Services Limited. Please note that this webinar will be recorded.
To take us through the results and to answer your questions today, we have with us the top management of eClerx represented by Kapil Jain, Managing Director, and Group CEO; and Srinivasan Nadadhur, Chief Financial Officer. We will start the call with brief opening remarks by Kapil, followed by Srinivasan, who will be sharing the financial update and then we will open the floor for Q&A session.
As usual, I would like to remind you that anything that is mentioned on this call that gives any outlook for the future or which can be construed as forward-looking statement must be due in conjunction with the risk and uncertainties that we face. This risk and uncertainties are included but not limited to what we have mentioned in the prospectus filed with the SEBI and subsequent annual reports which you can find on our website.
Having said that, I will now hand over the floor to Kapil. Over to you Kapil.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
