India · Delayed Price · Currency is INR eClerx Services Earnings Call Transcripts
Fiscal Year 2026
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Q4 saw $46M in new deals, 23% YoY revenue growth, and strong progress in AI and analytics. FY 2027 guidance targets top quartile growth and 24%-28% EBITDA margin, with a robust pipeline and continued investment in technology and talent.
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Q3 FY26 saw strong revenue and margin growth, with broad-based gains across high-tech, M&D, and emerging segments. Deal wins and client metrics improved, while guidance remains positive despite expected Q4 volatility.
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Q2 FY26 delivered robust revenue and margin growth, with strong deal wins and broad-based client expansion, especially in analytics, automation, and emerging segments. Margin guidance remains at 24%-28% for the year, with a buyback of INR 3,000M approved.
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Q1 FY26 delivered strong revenue and margin growth, led by BFSI, CMT, and Analytics, with broad-based expansion except in Fashion and Luxury. Management maintains a cautiously optimistic outlook, expects sequential growth in Q2, and continues to invest in technology, new centers, and upskilling initiatives.
Fiscal Year 2025
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Q4 and FY25 saw strong revenue and margin growth, with robust deal wins and expansion into new geographies. BFSI and CMT led growth, while productized services and analytics/automation drove client engagement. FY26 outlook is positive, with a strong pipeline and stable margins expected.
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Q3 FY25 saw 1.8% sequential and 11.2% year-over-year revenue growth, with strong deal wins and a healthy pipeline. Margins were impacted by new facility costs and lower utilization, but outlook remains cautiously optimistic with continued investments in growth.
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Q2 FY25 delivered strong revenue and margin growth, led by financial markets and customer operations, with EBITDA margin at 27.1% and PAT up 26% sequentially. Despite higher roll-offs expected in Q3 and increased costs from new facilities, the medium- to long-term outlook remains positive, supported by a robust pipeline and ongoing cross-sell initiatives.
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Q1 FY25 saw 11.1% year-over-year revenue growth, led by financial markets, but margins declined due to wage hikes and management hires. Margins are expected to recover from Q2, with double-digit revenue growth and 24%-28% margin guidance for FY25.