eClerx Services Limited has delivered impressive financial results for the third quarter of FY26, showcasing strong operational performance and strategic corporate actions that underscore the company's robust market position.

Financial Performance Highlights

The company's consolidated financial results for Q3FY26 demonstrate exceptional growth momentum across all key performance indicators.

The standalone results also reflected strong performance, with revenue from operations reaching Rs. 7,361.00 million compared to Rs. 6,086.26 million in Q3FY25, representing a growth of 20.95%. Standalone net profit increased to Rs. 1,259.69 million from Rs. 832.25 million, marking a substantial 51.34% year-on-year improvement.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, eClerx Services maintained its growth trajectory with consolidated revenue from operations of Rs. 30,097.39 million compared to Rs. 24,675.79 million in the corresponding period of FY25. The consolidated net profit for the nine-month period reached Rs. 5,168.18 million, up from Rs. 3,887.42 million in the previous year.

Management Commentary and Business Outlook

During the earnings call held on January 29, 2026, Managing Director and Group CEO Kapil Jain highlighted strong quarterly performance with operating revenue of $121.7 million, up 5.4% sequentially. In INR terms, Q3 operating revenue reached Rs. 10,703 million, up 6.5% sequentially. EBITDA for Q3 stood at Rs. 3,075 million at a margin of 27.9%, up 3.1% sequentially.

The management expressed cautious optimism about future growth, with Jain noting that while Q4 may be softer than the first three quarters due to inherent business volatility, underlying demand remains healthy with a robust pipeline.

Strategic Corporate Actions

The Board of Directors approved several significant corporate actions during their meeting held on January 28, 2026. Most notably, they recommended the issue of bonus equity shares in the ratio of one equity share for every one equity share held in the company, subject to shareholders' approval through postal ballot.

The company successfully completed its share buyback program, which was initially approved by the Board on October 24, 2025. The buyback involved 625,000 equity shares at a revised price of Rs. 4,800 per share, totaling Rs. 3,000 million. The settlement was completed on January 2, 2026, with the bought-back shares being extinguished in January 2026.

Technology and AI Initiatives

eClerx Services continues to invest heavily in artificial intelligence and automation technologies. The company has started working on AI projects across larger and mid-tier clients, with particular focus on Agentic AI for self-healing services. Management reported winning deals for Agentic AI deployments and running pilots across all clients.

Regulatory Compliance and Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 28, 2026. Price Waterhouse Chartered Accountants LLP conducted the limited review of both standalone and consolidated financial results, with no qualifications reported in their review reports. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34 "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013.

eClerx Services Limited has announced a postal ballot notice dated February 3, 2026, seeking shareholder approval for three significant corporate actions through electronic voting. The company has engaged Ms. Savita Jyoti of M/s. Savita Jyoti Associates as the scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Voting Timeline and Process

The e-voting process will commence on Wednesday, February 4, 2026, and conclude on Thursday, March 5, 2026, at 17:00 hours IST. The company has partnered with KFin Technologies Limited to facilitate the electronic voting process for all shareholders.

Director Re-appointment Resolution

The first resolution seeks approval for the re-appointment of Mr. Srinjay Sengupta (DIN: 02692531) as Non-Executive Independent Director for a second consecutive term of five years. His current term expires on January 27, 2026, and the proposed re-appointment would be effective from January 28, 2026 to January 27, 2031.

Mr. Sengupta, aged 58, brings extensive experience from the technology and outsourcing industry, having held senior positions at Infosys, iGate, and McKinsey & Company. He is an alumnus of IIT Kharagpur and IIM Ahmedabad. His performance evaluation shows exceptional attendance across board and committee meetings:

ESOP Scheme Amendment

The second resolution proposes amending the Employee Stock Scheme/Plan 2022 to increase the loan limit provided to the Employee Welfare Trust. The current limit of ₹2,000 million for purchasing shares from the secondary market is nearing exhaustion due to significant appreciation in the company's share price.

The amendment aims to enable the trust to continue acquiring shares to facilitate ESOP exercises, with all other provisions of the scheme remaining unchanged.

Bonus Share Issue Proposal

The third resolution involves issuing bonus shares to existing shareholders in a 1:1 ratio, meaning one new fully paid-up equity share of ₹10 each for every existing share held. The bonus issue will be funded by capitalizing ₹47,02,53,590 from the company's retained earnings as per the audited financial statements for the year ended March 31, 2025.

The bonus shares will rank pari-passu with existing equity shares and will be allotted only in dematerialized form. For shareholders holding physical shares, bonus shares will be credited to a Demat Suspense Account until valid demat account details are provided.

Implementation Timeline

The company must implement the bonus issue within two months from January 28, 2026, being the date of the Board meeting that approved the proposal, subject to receiving shareholders' approval and other regulatory clearances. The record date for determining eligible shareholders will be communicated separately.

All material documents related to the resolutions are available for electronic inspection by shareholders who can request access by emailing investor@eclerx.com . The postal ballot notice has been sent electronically to all shareholders whose email addresses are registered with the company or depositories as of the cut-off date.