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 board meeting scheduled for January 28, 2026, to deliberate on key corporate matters including quarterly financial results and a potential bonus share issuance. The company informed stock exchanges through a regulatory filing dated January 21, 2026, outlining the agenda for the upcoming board meeting.

Board Meeting Agenda and Timeline

The Board of Directors meeting will address two primary items on Wednesday, January 28, 2026:

Trading Window Restrictions

The company has implemented trading window restrictions in accordance with regulatory requirements. The trading window for dealing in eClerx Services securities was closed from January 1, 2026, as previously communicated on December 29, 2025. The restriction will remain in effect until 48 hours after the board meeting outcome announcement and financial results dissemination on January 28, 2026.

Bonus Share Consideration

The board will evaluate a proposal for issuing bonus equity shares in compliance with:

• Companies Act, 2013, including applicable rules
• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Other relevant regulatory provisions
• Subject to shareholder approval

Earnings Call Details

eClerx Services will conduct an earnings call to discuss the Q3FY26 financial results on January 29, 2026. The management representation will include Mr. Kapil Jain, Managing Director and Group Chief Executive Officer, and Mr. Srinivasan Nadadhur, Chief Financial Officer.

Participants are advised to log in 10 minutes prior to the scheduled call commencement. The earnings call details will be available on the company's website at www.eclerx.com .

Company Overview

eClerx Services operates as an industry-focused specialist services firm, providing business process management, automation, and analytics services to Fortune 2000 enterprises across multiple sectors including financial services, communications, retail, fashion, media and entertainment, manufacturing, travel and leisure, and technology. The company, incorporated in 2000, employs over 20,000 people across 15 countries and is listed on both the Bombay Stock Exchange and National Stock Exchange of India.