eClerx Services Limited — Year ended March 31, 2026 (quarter ended March 31, 2026; quarter ended December 31, 2025; quarter ended March 31, 2025)
| Sr. No. | Particulars | Quarter ended March 31, 2026 Refer Note 3 | Quarter ended December 31, 2025 Unaudited | Quarter ended March 31, 2025 Refer Note 3 | Year ended March 31, 2026 Audited | Year ended March 31, 2025 Audited |
|---|---|---|---|---|---|---|
| I | Revenue from operations | 7,659.83 | 7,361.00 | 6,417.82 | 28,584.54 | 24,315.19 |
| II | Other income | 276.01 | 260.94 | 273.48 | 898.71 | 638.31 |
| III | Total Income (I + II) | 7,935.84 | 7,621.94 | 6,691.30 | 29,483.25 | 24,953.50 |
| IV | Expenses | |||||
| Employee benefits expense | 3,307.91 | 3,215.36 | 2,809.64 | 12,612.71 | 10,809.50 | |
| Sales and marketing services | 1,553.64 | 1,545.18 | 1,185.36 | 5,838.69 | 4,799.04 | |
| Cost of technical sub-contractors | 230.16 | 91.64 | 203.41 | 653.42 | 813.60 | |
| Depreciation and amortisation expense | 263.93 | 252.80 | 241.60 | 956.18 | 816.98 | |
| Finance costs | 83.35 | 67.31 | 91.59 | 309.75 | 305.29 | |
| Other expenses | 781.30 | 765.87 | 760.88 | 2,992.51 | 2,644.70 | |
| Total expenses (IV) | 6,220.29 | 5,938.16 | 5,292.48 | 23,363.26 | 20,189.11 | |
| V | Profit before exceptional items and tax (III-IV) | 1,715.55 | 1,683.78 | 1,398.82 | 6,119.99 | 4,764.39 |
| VI | Exceptional items | – | – | – | – | – |
| VII | Profit before tax (V-VI) | 1,715.55 | 1,683.78 | 1,398.82 | 6,119.99 | 4,764.39 |
| VIII | Income tax expense | 425.47 | 424.09 | 315.99 | 1,539.91 | 1,169.39 |
| (1) Current tax | 412.28 | 451.60 | 384.12 | 1,519.25 | 1,281.24 | |
| (2) Deferred tax | 13.19 | (27.51) | (68.13) | 20.66 | (111.85) | |
| IX | Profit for the period (VII-VIII) | 1,290.08 | 1,259.69 | 1,082.83 | 4,580.08 | 3,595.00 |
| X | Other Comprehensive Income / (Loss) (‘OCI’), Net of Tax | (737.77) | (10.89) | 200.92 | (1,150.38) | (162.41) |
| A (i) Items that will not be reclassified to profit or loss in subsequent periods | (11.56) | 25.96 | (15.30) | (26.02) | (50.60) | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | 2.91 | (6.53) | 3.85 | 6.55 | 12.73 | |
| B (i) Items that will be reclassified to profit or loss (net) in subsequent periods | (974.34) | (40.51) | 283.80 | (1,511.26) | (166.42) | |
| (ii) Income tax relating to items that will be reclassified to profit or loss | 245.22 | 10.19 | (71.43) | 380.35 | 41.88 | |
| XI | Total Comprehensive Income for the period (IX+X) | 552.31 | 1,248.80 | 1,283.75 | 3,429.70 | 3,432.59 |
| XII | Paid up equity share capital | 920.30 | 467.83 | 469.60 | 920.30 | 469.60 |
| (Face value of Rs. 10 each, fully paid up) | ||||||
| XIII | Other equity | 11,202.64 | 13,107.16 | |||
| XIV | Earnings per share: (in Rs.) (not annualised for the quarter) (Refer notes 6 and 8) | |||||
| (1) Basic | 13.94 | 13.39 | 11.52 | 49.44 | 37.93 | |
| (2) Diluted | 13.65 | 13.06 | 11.32 | 48.26 | 37.23 |
| Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|
| A. ASSETS | ||
| 1. Non current assets | ||
| – Property, plant and equipment | 1,236.00 | 1,155.05 |
| – Right of use assets | 2,167.30 | 2,351.58 |
| – Capital work-in-progress | 1.14 | 0.33 |
| – Intangible assets | 20.31 | 23.52 |
| – Financial assets | ||
| Investments | 4,759.09 | 4,747.01 |
| Derivative instruments | – | 30.03 |
| Other financial assets | 569.95 | 443.70 |
| – Deferred tax assets (net) | 870.49 | 504.25 |
| – Non-current tax assets (net) | 52.62 | 138.29 |
| – Other non-current assets | 33.66 | 13.12 |
| Total Non current assets | 9,710.56 | 9,406.88 |
| 2. Current assets | ||
| – Financial assets | ||
| Investments | 934.63 | 1,921.81 |
| Trade receivables | ||
| Billed | 4,757.59 | 3,752.29 |
| Unbilled | 2,843.05 | 2,114.19 |
| – Cash and cash equivalents | 550.66 | 1,316.27 |
| – Other bank balances | 338.50 | 763.00 |
| – Other financial assets | 759.16 | 137.72 |
| – Derivative instruments | – | 31.11 |
| – Other current assets | 1,043.06 | 990.97 |
| Total Current assets | 11,226.65 | 11,027.36 |
| TOTAL – ASSETS | 20,937.21 | 20,434.24 |
| B. EQUITY AND LIABILITIES | ||
| 1. Equity | ||
| – Equity share capital | 920.30 | 469.60 |
| – Other equity | 11,202.64 | 13,107.16 |
| Total Equity | 12,122.94 | 13,576.76 |
| 2. Non current liabilities | ||
| – Financial liabilities | ||
| Lease liabilities | 2,243.97 | 2,351.97 |
| Derivative instruments | 283.95 | 10.89 |
| – Employee benefit obligations | 430.35 | 587.52 |
| Total Non current liabilities | 2,958.27 | 2,950.38 |
| 3. Current Liabilities | ||
| – Financial liabilities | ||
| Lease liabilities | 300.46 | 265.58 |
| Derivative instruments | 1,281.84 | 104.78 |
| Trade payables | ||
| Total outstanding dues of Micro enterprises and small enterprises | 0.71 | 2.57 |
| Total outstanding dues of creditors other than Micro enterprises and small enterprises | 2,405.15 | 1,825.42 |
| – Other financial liabilities | 110.18 | 42.61 |
| – Employee benefit obligations | 1,090.17 | 960.61 |
| – Current tax liabilities (net) | 122.84 | 194.84 |
| – Other current liabilities | 544.65 | 510.69 |
| Total Current Liabilities | 5,856.00 | 3,907.10 |
| TOTAL – EQUITY AND LIABILITIES | 20,937.21 | 20,434.24 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| Operating activities | ||
| Profit before tax | 6,119.99 | 4,764.39 |
| Adjustments to reconcile profit before tax to net cash flows: | ||
| Depreciation and amortisation expense | 956.18 | 816.98 |
| Share-based payment expense | 197.35 | 258.62 |
| Unrealised net foreign exchange differences | (38.85) | 25.95 |
| Gain on disposal of property plant and equipment | (9.43) | (12.35) |
| Unwinding of discount on security deposits | (20.07) | (18.47) |
| Amortised cost on corporate rent deposits | – | 22.23 |
| Gain on sale of current investments | (117.59) | (262.18) |
| Interest income on fixed deposits | (91.70) | (80.89) |
| Bad debts written off | 0.27 | – |
| (Reversal of provision) / Provision for doubtful debts | (7.65) | 0.53 |
| Finance costs | 309.76 | 305.29 |
| Change in Fair Value of financial assets at fair value through profit or loss | 11.30 | 121.92 |
| Total Adjustments | 7,309.56 | 5,942.02 |
| Working capital adjustments: | ||
| Increase in trade receivables | (1,607.79) | (799.57) |
| Decrease in other current and non current financial assets | 15.69 | 98.26 |
| Increase in other current and non current assets | (79.41) | (417.20) |
| (Decrease)/Increase in employee benefit obligations | (53.63) | 181.37 |
| Increase in trade payables, remaining current and non current liabilities | 622.46 | 366.08 |
| Cash generated by operating activities | 6,206.88 | 5,370.96 |
| Income tax paid (Net of refunds) | (1,498.99) | (1,030.90) |
| Net cash flows generated from operating activities (A) | 4,707.89 | 4,340.06 |
| Investing activities | ||
| Proceeds from sale of current investments | 21,781.95 | 20,524.11 |
| Payment for purchase of current investments | (20,687.10) | (18,903.00) |
| Payment for purchase of non-current investments | (15.00) | (10.00) |
| Investment in bank deposits (having original maturity of more than three months) | (1,375.75) | (766.93) |
| Redemption / maturity of bank deposits (having original maturity of more than three months) | 1,239.93 | 2,044.16 |
| Proceeds from sale of property, plant and equipment | 12.34 | 43.65 |
| Payment for purchase of property, plant and equipment and intangibles (including capital work in progress) | (599.83) | (879.15) |
| Interest received | 69.41 | 80.89 |
| Net cash flows generated from investing activities (B) | 425.95 | 2,133.73 |
| Financing activities | ||
| Money received from exercise of ESOP options | 324.12 | 301.24 |
| Purchase of treasury shares by eClerx Employees Welfare Trust | (2,492.44) | (924.10) |
| Buyback of equity shares* | (3,000.00) | (3,839.11) |
| Buyback expenses | (30.78) | (36.52) |
| Tax on buyback of equity shares* | – | (839.54) |
| Payment of dividend and Unclaimed dividend | (46.98) | (46.95) |
| Interest paid | (315.64) | (305.29) |
| Principal payment of lease liabilites | (270.05) | (180.70) |
| Net cash flows used in financing activities (C) | (5,831.77) | (5,870.97) |
| Net (decrease)/increase in cash and cash equivalents (A+B+C) | (697.93) | 602.82 |
| Cash and cash equivalents at the beginning of the year | 1,316.27 | 686.10 |
| Effect of exchange fluctuation on cash and cash equivalents | (67.68) | 27.35 |
| Cash and cash equivalents at the end of the year | 550.66 | 1,316.27 |
| Sr. No. | Particulars | Quarter ended March 31, 2026 (Refer Note 3) | Quarter ended December 31, 2025 (Unaudited) | Quarter ended March 31, 2025 (Refer Note 3) | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| I | Revenue from operations | 11,072.87 | 10,703.32 | 8,982.86 | 41,170.26 | 33,658.65 |
| II | Other income | 297.64 | 300.70 | 319.20 | 1,011.84 | 865.27 |
| III | Total Income (I + II) | 11,370.51 | 11,004.02 | 9,302.06 | 42,182.10 | 34,523.92 |
| IV | Expenses | |||||
| Employee benefits expense | 6,771.40 | 6,540.33 | 5,418.78 | 25,245.27 | 20,657.84 | |
| Cost of technical sub-contractors | 293.81 | 236.41 | 227.46 | 927.87 | 814.03 | |
| Depreciation and amortisation expense | 496.55 | 463.09 | 409.62 | 1,753.65 | 1,411.93 | |
| Finance costs | 117.40 | 99.09 | 107.81 | 421.36 | 348.90 | |
| Other expenses | 1,171.85 | 1,163.95 | 1,150.77 | 4,482.71 | 4,105.91 | |
| Total expenses (IV) | 8,851.01 | 8,502.87 | 7,314.44 | 32,830.86 | 27,338.61 | |
| V | Profit before exceptional items and tax (III-IV) | 2,519.50 | 2,501.15 | 1,987.62 | 9,351.24 | 7,185.31 |
| VI | Exceptional items | – | – | – | – | – |
| VII | Profit before tax (V-VI) | 2,519.50 | 2,501.15 | 1,987.62 | 9,351.24 | 7,185.31 |
| VIII | Income tax expense | 622.99 | 583.07 | 462.45 | 2,286.55 | 1,772.72 |
| (1) Current tax | 634.50 | 643.92 | 537.90 | 2,359.14 | 1,918.31 | |
| (2) Deferred tax | (11.51) | (60.85) | (75.45) | (72.59) | (145.59) | |
| IX | Profit for the period (VII-VIII) | 1,896.51 | 1,918.08 | 1,525.17 | 7,064.69 | 5,412.59 |
| Attributable to: | ||||||
| Shareholders of the Company |