eClerx Services promoters declare no encumbrance in FY26

0 min read     Updated on 06 Jun 2026, 01:06 AM
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Anirudha BScanX News Team
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Promoters of eClerx Services declared no encumbrance on shares for FY26 under SEBI regulations. The declaration covers the financial year ended March 31, 2026.

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Promoters of eClerx Services have confirmed that they did not encumber any shares, directly or indirectly, during the financial year ended March 31, 2026. The declaration, submitted to the National Stock Exchange of India Limited and BSE Limited, covers individual promoters and persons acting in concert.

The disclosures were made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to annually confirm whether their shareholding has been pledged or otherwise encumbered.

The following promoters submitted the declarations:

Promoter Name Date of Declaration
Priyadarshan Mundhra April 2, 2026
Anjan Malik April 7, 2026
Vijay Kumar Mundhra April 1, 2026
Shweta Mundhra April 2, 2026
Supriya Modi April 3, 2026
Pawan Malik April 1, 2026

Each promoter stated that neither they nor any other promoter or person acting in concert had made any encumbrance on the shares of the company during FY26. Copies of the declarations were also forwarded to the Chairman of the Audit Committee of eClerx Services.

Historical Stock Returns for eClerx Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%-10.44%-2.76%-43.63%-21.19%+226.61%

How does the zero pledge position impact eClerx's ability to secure future funding or expansion capital?

What trends in promoter shareholding encumbrance are emerging across the IT services sector for FY26?

Could this strong financial position signal potential mergers, acquisitions, or strategic investments by eClerx?

eClerx FY26 Net Profit Rises 30.5% to ₹7,065 Million

5 min read     Updated on 20 May 2026, 07:00 AM
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eClerx Services Limited reported a 30.5% YoY increase in FY26 net profit to ₹7,065 million, with operating revenue growing 22.3% to ₹41,170 million. The board recommended a final dividend of ₹1 per share. Q4 revenue stood at ₹11,072.87 million. The company completed a ₹3,000 million buyback and issued bonus shares in a 1:1 ratio. In its earnings call, management highlighted a 29% growth in EBITDA to INR 1,153 crores and new deal wins of USD 46 million in Q4. The company anticipates top quartile growth for FY27 with EBITDA margins between 24% and 28%.

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eClerx Services Limited has announced its audited standalone and consolidated financial results for the financial year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 13, 2026. The board also recommended a final dividend of ₹1 per equity share of ₹10 each for the fiscal year, subject to shareholder approval. The statutory auditors issued an unmodified opinion on the audited financial results. The company also disclosed the transcript of its earnings call held on May 14, 2026, pertaining to the financial results for the quarter and period ended March 31, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance

For the full year ended March 31, 2026, eClerx Services reported strong growth across key financial metrics on a consolidated basis. Operating revenue for FY26 was ₹41,170 million, compared to ₹33,659 million in the prior year, reflecting a YoY increase of 22.3%. Total revenue including other income for the year was ₹42,182 million. Profit after tax for FY26 was ₹7,065 million compared with ₹5,411 million in the previous year, an increase of 30.5% YoY. Total Comprehensive Income for FY26 stood at ₹7,403.87 million. FY26 constant currency (CC) growth stood at 17.0%.

Metric: FY26 FY25 YoY Change
Operating Revenue (INR mm): 41,170 33,659 +22.3%
Total Revenue incl. Other Income (INR mm): 42,182 34,524 +22.2%
Operating EBITDA (INR mm): 10,523 8,209 +28.2%
EBITDA (INR mm): 11,526 8,946 +28.8%
Net Profit / PAT (INR mm): 7,065 5,411 +30.5%
Total Comprehensive Income (INR mm): 7,403.87 — —
Operating EBITDA Margin: 25.6% 24.4% +117 bps
Net Profit Margin: 16.7% — —

For the quarter ended March 31, 2026, consolidated total income from operations was ₹11,072.87 million, compared to ₹8,982.86 million in the corresponding quarter of the prior year, a YoY increase of 23.3%. Total revenue including other income for Q4 FY26 was ₹11,371 million. Net profit after tax for Q4 FY26 was ₹1,896.51 million, compared to ₹1,525.17 million in Q4 FY25. QoQ CC growth for the quarter was 0.5%.

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited)
Total Income from Operations (INR mm): 11,072.87 10,703.32 8,982.86
Net Profit before Tax (INR mm): 2,519.50 2,501.15 1,987.62
Net Profit after Tax (INR mm): 1,896.51 1,918.08 1,525.17
Total Comprehensive Income (INR mm): 1,721.57 2,052.44 1,869.92
Basic EPS (₹, not annualised): 20.47 20.40 16.19
Diluted EPS (₹, not annualised): 20.04 19.90 15.90

Standalone Financial Performance

On a standalone basis, eClerx Services reported total income from operations of ₹28,584.54 million for the full year, compared to ₹24,315 million in the prior year. Total standalone income for the year was ₹29,483 million versus ₹24,954 million. Standalone profit before tax was ₹6,119.99 million, up from ₹4,764 million. Net profit on a standalone basis rose to ₹4,580.08 million from ₹3,595 million.

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited) FY26 (Audited)
Total Income from Operations (INR mm): 7,659.83 7,361.00 6,417.82 28,584.54
Profit Before Tax (INR mm): 1,715.55 1,683.78 1,398.82 6,119.99
Profit After Tax (INR mm): 1,290.08 1,259.69 1,082.83 4,580.08

Key Financial Metrics and Capital Actions

Consolidated basic EPS for the year improved to ₹76.23 from ₹57.1 in the prior year, and diluted EPS rose to ₹74.42 from ₹56.0. Reserves (excluding Revaluation Reserve) as shown in the audited balance sheet of the previous year stood at ₹24,693.68 million. During the year, the company completed a buyback of 625,000 equity shares of ₹10 each at a revised buyback price of ₹4,800 per share, for a total buyback amount of ₹3,000 million. The settlement date for the buyback was January 2, 2026. Additionally, shareholders approved the issuance of bonus equity shares in a 1:1 ratio via postal ballot, the result of which was announced on March 6, 2026. Consequently, 47,025,359 fully paid-up equity shares were issued and paid-up equity share capital increased by ₹470.25 million.

Capital Action: Details
Buyback Shares: 625,000 equity shares
Buyback Price: ₹4,800 per share
Total Buyback Amount: ₹3,000 million
Bonus Issue Ratio: 1:1
Bonus Shares Issued: 47,025,359
Increase in Paid-up Capital: ₹470.25 million
Paid-up Equity Share Capital (as of March 31, 2026): ₹920.30 million
Final Dividend: ₹1 per equity share of ₹10 each

Financial Position and Cash Flow

As of March 31, 2026, consolidated total shareholder's funds stood at ₹25,642 million, compared to ₹23,080 million in the prior year. Cash and cash equivalents (including deposits more than 12 months) were ₹12,811 million for FY26, up from ₹10,508 million in FY25. Net operating cash flow for FY26 was ₹8,735 million versus ₹6,546 million in FY25. EBITDA conversion improved to 75.7% in FY26 from 73.2% in FY25. Book value per share stood at ₹278 and cash and cash equivalents per share at ₹139 for FY26.

Balance Sheet & Cash Flow Metric: FY26 (₹ Million) FY25 (₹ Million)
Total Shareholder's Funds: 25,642 23,080
Cash & Cash Equivalents (incl. deposits >12 months): 12,811 10,508
Net Operating Cash Flow: 8,735 6,546
EBITDA Conversion (%): 75.7% 73.2%
Book Value per Share (₹): 278 246
Cash per Share (₹): 139 112

Earnings Call Transcript

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, eClerx Services disclosed the transcript of its earnings call held on May 14, 2026. Management highlighted that FY26 operating revenue was USD 469 million, up 17.9% year-on-year in dollar terms. EBITDA grew 29% to INR 1,153 crores, with margins expanding meaningfully. Net profit rose 30% to INR 706 crores. The company reported new deal wins for Q4 of USD 46 million. Management noted that Analytics and automation is now a USD 90 million book and that the company secured its first large-scale Agentic AI win in Q4, with deployments planned for Q1 FY27. For FY27, the company expects to be in the top quartile of growth and maintain an EBITDA margin range of 24% to 28%. The transcript is available on the company's website.

Source: None/Company/INE738I01010/acbb58ffdb694814.pdf

Historical Stock Returns for eClerx Services

1 Day5 Days1 Month6 Months1 Year5 Years
-1.95%-10.44%-2.76%-43.63%-21.19%+226.61%

How will eClerx's first large-scale Agentic AI win translate into revenue contribution and margin impact in FY27, and what is the pipeline for similar deals?

Given the company's guidance to be in the 'top quartile of growth' for FY27, which specific verticals or geographies are expected to be the primary growth drivers?

With the Analytics and automation book reaching USD 90 million, what is management's target size for this segment over the next 2-3 years and how does it affect the overall service mix?

More News on eClerx Services

1 Year Returns:-21.19%