eClerx Reports Q1 FY27 Results: Total Revenue Rises 23.8% Amid Operational Metrics
Mumbai, August 05, 2026: eClerx Services Ltd has announced its consolidated and standalone un-audited financial results for the first quarter (Q1) of fiscal year 2027, ended June 30, 2026. The company reported significant growth across key revenue metrics while managing operating costs.For Q1 FY27, eClerx recorded total revenue of INR 1,170.2 crore, marking a year-over-year (YoY) increase of 23.8%. Operating revenue for the quarter stood at INR 1,152.4 crore, achieving a YoY growth rate of 23.3%, compared to INR 934.6 crore in the corresponding period last year. In USD terms, operating revenue increased by 15.2% to USD 125.9 Million from USD 109.2 Million last year.
The company’s profitability metrics showed positive movement across different levels of income generation. EBIT (Earnings Before Interest and Taxes) for the quarter was INR 233.5 crore, which represents an increase of 18.1% YoY. Profit After Tax (PAT) for Q1 FY27 was INR 164.3 crore, up 16.0% YoY compared to INR 141.7 crore in the previous year.
Consolidated financial performance metrics for the quarter are detailed below:
| Metrics | FY27 Q1 | Q-o-Q Change | Y-o-Y Change |
|---|---|---|---|
| Total Revenue (INR mm) | 11,702 | 3.1% | 23.8% |
| OPG EBITDA (INR mm) | 2,652 | -6.6% | 18.4% |
| EBIT (INR mm) | 2,335 | -11.0% | 18.1% |
| PAT (INR mm) | 1,643 | -13.2% | 16.0% |
Operational and Financial Indicators
The company reported that the basic EPS for Q1 FY27 was INR 17.86, up from INR 15.08 in the previous year. The margin metrics for Operating P&L showed OPG EBITDA at 23.0%, down 96 basis points (bps) compared to the prior year.Financial stability and risk management indicators also were reported. Current total outstanding hedges stand at $273.6 million, maintaining an average rate of INR 93.41 per dollar. This hedging portfolio includes various contracts ranging from Matured Forwards (totaling $206.00 for FY26) to Outstanding Forwards scheduled through FY29.
A breakdown of the company's industry revenue concentration showed that Business Financial Services (BFSI) constituted 37.6% of revenue in Q1 FY27, down from 40.8% in Q4 FY26. Conversely, Emerging sector contributed 11.7%, up from 8.2% in Q1 FY25.
Workforce and Client Metrics
In terms of human resources, the total delivery headcount as of June 2026 was 22,376, reflecting a 10% increase YoY. Offshore Delivery headcount stood at 18,305, while Onshore Delivery numbers were 732. The company reported that women employees comprised 39.7% of the total workforce in Q1 FY27.Client concentration metrics indicated the Top 10 clients contributed 60% of revenue for the quarter. Billing mix maintained a stable profile, with BPaaS accounting for 19% of the revenue and Onshore Revenue at 18%. The average days sales outstanding (DSO) remained steady at 79 days.
Corporate Highlights
Key highlights from the quarter included:- A proposed dividend of INR 1 for FY27.
- Wage increments becoming effective from April 1, 2026.
The company provided detailed operational metrics and financial breakdowns through various tables, covering areas such as Revenue by Industries, Key Headcount Metrics, and Hedge Updates, providing comprehensive insight into the Q1 performance across various segments.
ECLERX Stock Price Movement
eClerx Services Limited shares slipped in the post-market trading session today, settling at ₹1917.80 after shedding ₹4.60, or 0.24%. The stock saw significant interest, with a reported volume of 99,708 shares traded during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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