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ECLERX - eClerx Services

📊 NSE: ECLERX 🏢 Computers - Software - Medium / Small 📅 Last Updated: 12/13/2025 21:43

📢 Recent Corporate Announcements

eClerx Re-appoints Mahajan & Aibara as Internal Auditors for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 12 Mar 2026, 04:04 PM

eClerx Services Limited has approved the re-appointment of M/s. Mahajan & Aibara Chartered Accountants LLP as the company's Internal Auditor. The appointment, approved during the Board meeting on March 12, 2026, covers the period from April 1, 2026, to March 31, 2027. Mahajan & Aibara is a specialist firm with over 40 years of experience and a professional strength of over 300 staff members. This move ensures continuity in the company's internal audit and control frameworks for the upcoming fiscal year.

Re-appointment of M/s. Mahajan & Aibara Chartered Accountants LLP as Internal Auditors.
The audit term is defined for one year from April 1, 2026, to March 31, 2027.
The auditing firm brings 40+ years of experience and a multidisciplinary team of 300+ professionals.
The Board meeting for approval concluded at 3:45 p.m. on March 12, 2026.

💡 This is a routine corporate governance update and requires no specific action from investors. It indicates stability in the company's internal oversight mechanisms.

eClerx Services Sets March 13, 2026, as Record Date for 1:1 Bonus Issue

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 09 Mar 2026, 01:08 PM

eClerx Services has finalized March 13, 2026, as the record date to determine eligibility for its 1:1 bonus share issuance. This follows the board's recommendation on January 28, 2026, and subsequent shareholder approval via postal ballot on March 6, 2026. Eligible shareholders will receive one new fully paid-up equity share of Rs. 10 for every one existing share held. The bonus shares are scheduled for allotment on March 16, 2026, and are expected to commence trading on March 17, 2026.

Bonus issue ratio fixed at 1:1 (one new share for every one existing share)
Record date for eligibility determination is Friday, March 13, 2026
Deemed date of allotment for the bonus shares is Monday, March 16, 2026
Bonus shares will be available for trading on Tuesday, March 17, 2026

💡 Investors looking to benefit from the bonus issue must ensure they hold the shares before the ex-date. Be prepared for a proportional adjustment in the stock price on the ex-bonus date.

eClerx Services Schedules One-on-One Investor Meeting with Abakkus Asset Manager

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Mar 2026, 01:44 PM

eClerx Services Limited has scheduled a virtual one-on-one meeting with Abakkus Asset Manager Private Limited on March 6, 2026. The discussion will focus on industry and company-specific developments that are already available in the public domain. This disclosure is a routine filing under Regulation 30 of the SEBI Listing Regulations. No unpublished price-sensitive information is expected to be shared during this interaction.

Virtual one-on-one meeting scheduled for March 6, 2026
Interaction with institutional investor Abakkus Asset Manager Private Limited
Discussion limited to industry and company developments already in public domain
Compliance with SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

💡 This is a routine investor relations activity and requires no immediate action. Investors should monitor for any subsequent investor presentations or transcripts if the company releases them.

eClerx Shareholders Approve Bonus Issue and Director Re-appointment via Postal Ballot

🟢 POSITIVE ⭐ 7/10

ROUTINE 📅 06 Mar 2026, 01:19 PM

eClerx Services Limited has announced that its shareholders have approved all three proposed resolutions via postal ballot with an overwhelming majority. The most significant approval is for the issuance of bonus shares, which received 98.68% votes in favor. Additionally, shareholders cleared the re-appointment of Mr. Srinjay Sengupta as an Independent Director for a second five-year term and approved amendments to the 2022 Employee Stock Scheme. The high voter turnout of 87.44% indicates strong participation from promoters and institutional investors.

Issue of Bonus Shares approved with 98.68% of total votes in favor.
Re-appointment of Mr. Srinjay Sengupta as Independent Director passed with 99.09% majority.
Amendments to the Employee Stock Scheme/Plan 2022 received 99.25% approval.
Total voter participation stood at 87.44% of the total 47,025,359 outstanding shares.

💡 Investors should look out for the upcoming announcement regarding the record date for the bonus share issuance. The high approval rates for governance and incentive schemes reflect strong shareholder confidence in the current management.

eClerx Services Schedules Virtual One-on-One Investor Meeting with B&K Securities

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 05 Mar 2026, 06:05 PM

eClerx Services Limited has announced a virtual one-on-one meeting with Batlivala & Karani Securities India Pvt. Ltd. scheduled for March 5, 2026. The discussion is intended to cover industry and company-specific developments that are already available in the public domain. This meeting is part of the company's routine investor relations engagement under SEBI Listing Regulations. No unpublished price-sensitive information is expected to be shared during this interaction.

One-on-one investor meeting scheduled for March 5, 2026
Interaction with Batlivala & Karani Securities India Pvt. Ltd.
Meeting format is virtual, ensuring accessibility and compliance
Discussions restricted to information already in the public domain

💡 No action is required as this is a routine regulatory disclosure. Investors may monitor the company's website for any future presentation materials or transcripts related to such meetings.

eClerx Services Schedules One-on-One Investor Meeting with Eternity Capital LLP

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Feb 2026, 04:47 PM

eClerx Services Limited has announced a virtual one-on-one meeting with Eternity Capital LLP scheduled for February 24, 2026. The interaction is intended to discuss industry and company-specific developments that are already in the public domain. This disclosure is a standard regulatory requirement under SEBI Listing Regulations to ensure transparency in investor relations. No unpublished price-sensitive information (UPSI) is expected to be disclosed during the session.

One-on-one virtual meeting scheduled with Eternity Capital LLP on February 24, 2026
Discussions will focus on publicly available industry and company-specific developments
Compliance filing made under Regulation 30 of SEBI (LODR) Regulations, 2015
The schedule is subject to change based on exigencies from either party

💡 No immediate action is required as this is a routine investor engagement. Investors may look for any subsequent investor presentations or transcripts if the company chooses to publish them.

eClerx Services Schedules One-on-One Investor Meeting with FSSA Investment Managers

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Feb 2026, 07:07 PM

eClerx Services Limited has scheduled a virtual one-on-one meeting with FSSA Investment Managers on February 23, 2026. The discussion is intended to cover industry and company-specific developments that are already in the public domain. This meeting is part of the company's regular engagement with institutional investors under SEBI Listing Regulations. No unpublished price-sensitive information is expected to be shared during this interaction.

One-on-one investor meeting scheduled for February 23, 2026
Interaction with FSSA Investment Managers conducted via virtual platform
Discussion focused on publicly available industry and company developments
Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 This is a routine disclosure with no immediate impact on stock valuation. Investors may monitor the company's website for any post-meeting presentations or transcripts.

eClerx Services Schedules One-on-One Virtual Meeting with Motilal Oswal AMC

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 05:21 PM

eClerx Services Limited has announced a virtual one-on-one meeting with Motilal Oswal Asset Management Company Ltd. scheduled for February 19, 2026. The interaction is intended to discuss industry and company-specific developments that are already in the public domain. This disclosure is made in compliance with Regulation 30 of the SEBI Listing Regulations. Such meetings are part of the company's routine investor relations program to maintain engagement with institutional shareholders.

One-on-one meeting scheduled with Motilal Oswal Asset Management Company Ltd. on February 19, 2026.
The interaction will be conducted via a virtual platform.
Discussions will be restricted to information and developments already available in the public domain.
The meeting is subject to change based on the exigencies of either the company or the investor.

💡 No immediate action is required as this is a routine regulatory disclosure. Investors should monitor if any new investor presentations are uploaded following such institutional interactions.

eClerx Services Schedules One-on-One Meeting with Motilal Oswal AMC

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 19 Feb 2026, 05:19 PM

eClerx Services Limited has announced a virtual one-on-one meeting with Motilal Oswal Asset Management Company Ltd scheduled for February 19, 2026. The discussion is slated to cover industry and company-specific developments that are already in the public domain. This interaction is part of the company's regular engagement with institutional investors under SEBI Listing Regulations. No unpublished price-sensitive information is expected to be disclosed during this session.

One-on-one virtual meeting scheduled with Motilal Oswal Asset Management Company Ltd on February 19, 2026.
Discussion focused on industry and company developments already available in the public domain.
Compliance filing made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
The meeting schedule is subject to change based on exigencies from either the company or the investor.

💡 This is a routine regulatory filing for an investor meeting and requires no immediate action. Investors may look for any subsequent investor presentations or transcripts if the company chooses to publish them.

eClerx Services Schedules One-on-One Investor Meeting with WhiteOak Capital

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Feb 2026, 03:37 PM

eClerx Services Limited has scheduled a virtual one-on-one meeting with WhiteOak Capital Asset Management Ltd on February 17, 2026. The discussion is slated to cover industry and company-specific developments that are already in the public domain. This is a routine regulatory filing under Regulation 30 of the SEBI Listing Regulations. No unpublished price-sensitive information is expected to be shared during this interaction.

Virtual one-on-one meeting scheduled for February 17, 2026.
Interaction with WhiteOak Capital Asset Management Ltd.
Discussions limited to developments already in the public domain.
Filing made pursuant to Regulation 30 of SEBI Listing Regulations.

💡 This is a routine disclosure of investor engagement; no immediate action is required. Investors should monitor for any subsequent presentation materials or transcripts if released.

eClerx Services Schedules One-on-One Investor Meeting with Emkay Global

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 05:25 PM

eClerx Services Limited has informed the exchanges about a virtual one-on-one meeting with Emkay Global Financial Services Ltd. scheduled for February 11, 2026. The discussion is expected to cover industry trends and company-specific developments that are already in the public domain. This is a routine regulatory filing under Regulation 30 of SEBI Listing Regulations. No unpublished price-sensitive information is intended to be shared during this interaction.

One-on-one investor meeting scheduled for February 11, 2026
Interaction to be held virtually with Emkay Global Financial Services Ltd.
Discussion focused on industry and company developments already in public domain
Compliance filing under Regulation 30 of SEBI (LODR) Regulations, 2015

💡 No immediate action is required as this is a routine investor relations activity. Investors may monitor for any post-meeting presentations or transcripts if the company chooses to publish them.

eClerx Services to Participate in Dolat Capital Corporate Conference on February 18, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Feb 2026, 03:09 PM

eClerx Services Limited has announced its participation in the Dolat Capital Corporate Conference 2026, titled 'Decoding Growth Strategies.' The event is scheduled for February 18, 2026, in Mumbai and will involve a group meeting with institutional investors. The discussions are expected to cover industry and company-specific developments that are already available in the public domain. Such meetings are part of the company's regular investor relations activities to maintain transparency with the market.

Investor meeting scheduled for February 18, 2026, in Mumbai.
Participation in the Dolat Capital Corporate Conference 2026.
Interaction type is a group meet focusing on growth strategies.
Discussions will be limited to information already in the public domain.
The schedule is subject to change based on exigencies of the company or investors.

💡 This is a routine disclosure; investors should watch for any subsequent investor presentations or transcripts that may provide qualitative insights into management's outlook.

eClerx Services Schedules One-on-One Investor Meeting with BOB Capital Markets

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Feb 2026, 02:40 PM

eClerx Services Limited has scheduled a virtual one-on-one meeting with BOB Capital Markets Ltd. on February 10, 2026. The interaction is intended to discuss industry and company-specific developments that are already available in the public domain. This disclosure is a routine compliance requirement under Regulation 30 of the SEBI Listing Regulations. Such meetings are standard practice for maintaining investor relations and do not typically involve the disclosure of unpublished price-sensitive information.

One-on-one virtual meeting scheduled with BOB Capital Markets Ltd. on February 10, 2026.
Discussion focused on industry and company developments already in the public domain.
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The schedule is subject to change due to exigencies on the part of the investors or the company.

💡 No immediate action is required as this is a routine investor engagement. Investors should monitor for any future transcripts or presentations if the company chooses to release them.

eClerx Services Schedules One-on-One Investor Meeting with Principal Global

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Feb 2026, 07:37 PM

eClerx Services Limited has informed the exchanges about a virtual one-on-one meeting with Principal Global held on February 5, 2026. The discussion was centered around industry and company-specific developments that are already available in the public domain. This disclosure is a routine compliance requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Such meetings are standard practice for maintaining institutional investor relations and do not typically involve the disclosure of unpublished price-sensitive information.

Virtual one-on-one meeting conducted with institutional investor Principal Global on February 5, 2026.
Discussions were limited to industry and company developments already in the public domain.
The meeting was disclosed in compliance with SEBI (LODR) Regulations, 2015.
No material or price-sensitive information was scheduled to be shared during the interaction.

💡 No immediate action is required as this is a routine investor engagement. Investors should continue to monitor the company's quarterly performance and broader IT sector trends.

eClerx Services to Participate in Axis Capital's Flagship India Conference on February 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 04:56 PM

eClerx Services Limited has announced its participation in Axis Capital's Flagship India Conference scheduled for February 11, 2026, in Mumbai. The event is a group meeting where management will interact with institutional investors and analysts. The discussions are expected to cover industry trends and company-specific developments that are already in the public domain. Such meetings are standard practice for mid-cap IT firms to maintain visibility with the investor community.

Investor meeting scheduled for February 11, 2026, in Mumbai.
Participation in Axis Capital's Flagship India Conference as a group meet.
Discussions limited to industry and company developments already in the public domain.
Compliance notification issued under Regulation 30 of SEBI Listing Regulations.

💡 No immediate action is required as this is a routine investor interaction. Investors should watch for any subsequent investor presentations or transcripts that may be released following the conference.

View All ECLERX Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue for Q2 FY26 grew 22.6% YoY to INR 1,035.2 Cr. Operating revenue grew 20.8% YoY to INR 1,004.9 Cr. The BFSI (Financial Markets) segment showed strong momentum, while the Emerging segment grew significantly due to a mix of new client additions and expansion in existing accounts, though it remains a small absolute contributor.

Geographic Revenue Split

The company has a global delivery footprint across 15+ countries including India, USA, UK, Philippines, and Germany. Revenue is highly concentrated in international markets, with 86% of revenue earned in US Dollars, 9% in Euros, and 5% in Sterling and other currencies.

Profitability Margins

EBIT margin for Q2 FY26 was 27%, significantly higher than peers. Profit After Tax (PAT) for the quarter was INR 183.2 Cr, representing a 30.6% YoY increase. The company maintains a long-term EBIT margin guidance range of 24% to 28%.

EBITDA Margin

EBIT for the period was INR 255.8 Cr, up 30.5% YoY. The 27% EBIT margin was aided by a 200 basis point tailwind from currency depreciation in Q2 FY26, though management expects some normalization in subsequent quarters.

Capital Expenditure

Not explicitly disclosed in absolute INR Cr for future periods, but management highlighted ongoing investments in opening new delivery centers and hiring ahead of the demand curve to support growth.

⚙️ Operational Drivers

Raw Materials

Human Capital (Personnel) is the primary cost driver, representing the vast majority of operational expenses. Employee costs increased from INR 230.66 Cr in the previous year due to headcount expansion and retention plans.

Key Suppliers

Not applicable for core operations, though the company engages professional services firms like Ernst & Young for investor relations and Price Waterhouse Chartered Accountants LLP for statutory auditing.

Capacity Expansion

Current delivery headcount stands at 21,293 as of September 2025, an 18% YoY increase. The company is actively hiring ahead of the demand curve and opening new centers to expand capacity.

Raw Material Costs

Personnel costs are the primary expense. Trade payables increased to INR 78.57 Cr from INR 75.54 Cr YoY, primarily due to increased scale of operations.

Manufacturing Efficiency

Capacity utilization rate is currently at 75%, which is below the industry benchmark of 80% to 85%, suggesting significant room for margin expansion as utilization improves.

📈 Strategic Growth

Expected Growth Rate

22.60%

Growth Strategy

Growth is driven by the 'One eClerx' initiative, which unifies the organization to enhance cross-selling and upselling of diverse service lines. The strategy involves investing in client-facing teams, integrating pre-sales and solutioning functions across verticals to secure larger deals, and expanding delivery centers globally.

Products & Services

Business process management, automation, analytics, intelligent operations, insights, and data-driven process solutions for Fortune 2000 enterprises.

Brand Portfolio

eClerx, One eClerx.

New Products/Services

Implementation of AI-driven quality assessments for customer-agent interactions and the expansion of BPaaS (Business Process as a Service) offerings using proprietary IP and low-code/no-code technology.

Market Expansion

Expanding delivery centers in 15+ countries including Egypt, Philippines, and India, and targeting new client segments within the BFSI and Emerging verticals.

Market Share & Ranking

Recognized as a 'major contender' in three key service offerings by industry analysts; aims to be in the top quartile of the segment for growth.

Strategic Alliances

Increased engagement with industry analysts and advisors, resulting in being recognized as a 'major contender' in three key service offerings.

🌍 External Factors

Industry Trends

The Indian technology sector grew 5.1% in FY25 to $282.6 billion. The industry is shifting toward AI-driven transformations and intelligent operations, with eClerx positioning itself as a specialist in complex data-driven processes.

Competitive Landscape

Operates in a highly competitive BPM and analytics market; recognized as a 'major contender' against larger domestic and international service providers.

Competitive Moat

Durable advantages include deep domain expertise in BFSI and specialized data analytics, reflected in a 27% EBIT margin that exceeds industry norms. The 'One eClerx' strategy creates high switching costs through integrated service delivery.

Macro Economic Sensitivity

Highly sensitive to currency fluctuations and global economic conditions, particularly in the US and Europe, given that 95% of revenue is derived from USD and Euro-denominated markets.

Consumer Behavior

Enterprise clients are increasingly seeking 'intelligent operations' and measurable improvements in customer experience rather than simple cost-arbitrage outsourcing.

Geopolitical Risks

Operations across 15+ countries expose the company to diverse regulatory and economic conditions, including potential trade barriers or regional instability in delivery hubs like Egypt or the Philippines.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to data privacy laws (like GDPR), labor regulations across 15+ countries, and industry-specific compliance standards for BFSI clients.

⚠️ Risk Analysis

Key Uncertainties

Cyber security incidents could cause major service disruption. Currency volatility is a constant risk given the 86% USD revenue exposure. Client concentration (63% from top 10) poses a risk if outsourcing strategies change due to M&A among clients.