Synopsis: Eclerx jumped sharply after it reported a stellar financial performance, reporting a 21% jump in revenue growth followed by a 32% jump in net profit on a year-on-year basis. It also announced the Buyback of shares at an average price of Rs 4,500 per share.
The shares of this leading business process management, automation, and analytics services provider are in focus after reporting a solid financial performance. In this article, we will dive more into the details.
With a market capitalization of Rs 23,227 crore, the shares of eClerx Services Ltd reached a day’s high of Rs 4,825 per share, up 9 percent from its previous day’s closing price of Rs 4,445.10 per share. Over the past five years, the stock has delivered a multibagger return of 941 percent, outperforming NIFTY 50’s return of only 122 percent.
Q2 Highlights
eClerx has reported a total revenue from operations of Rs 1,005 Crore in Q2 FY26, representing a 21 percent growth compared to Rs 832 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew slightly by 8 percent from Rs 935 crore.
Regarding its profitability, it reported a net profit of Rs 183 crore in Q2 FY26, a growth of 32 percent as compared to Rs 139 crore in Q2 FY25. Additionally, on a quarter-on-quarter basis, it grew by 30 percent from Rs 142 crore.
One other positive factor behind these good results is the increase in staff utilization during the quarter. As of Q2 FY26, Staff Utilization (Delivery) stood at 75.1 percent compared to 72.8 percent in Q1 FY26 and 74.1 percent in Q2 FY25.
Coming to its revenue it derived 41.4 percent of its revenue from the BFSI sector, 25.9 percent from CMT, 16.7 percent from HITech and M&D, 8.4 percent from Fashion, Luxury & Retail, and the remaining 7.7 percent from emerging industries.
Additionally, the company also announced a buyback of equity shares through the tender offer route for an amount not exceeding Rs. 300 Crores (Buy Back Size) for Rs. 4,500 per share (Buy Back Price), which is a discount of 6 percent from its current price.
eClerx Services Ltd specialises in business process management (BPM), automation, and data analytics services for global enterprises. It has grown from a small Mumbai office to a global company with over 20,000 employees and offices and delivery centers across APAC, EMEA, and the Americas.
The company’s product suite includes tools like Compliance Manager, Market360, Fluid4, DocIntel, Merchandiser+, and Workforce Manager, all of which incorporate Generative AI to enhance cognitive automation.
Written by Satyajeet Mukherjee
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