Integrated Filing — IndAS



General information about company

Scrip Code 532927
NSE Symbol ECLERX
MSEI Symbol NOTLISTED
ISIN INE738I01010
Name of company ECLERX SERVICES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-01-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-01-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Information Technology
Start date and time of board meeting 28-01-2026   14:00:00
End date and time of board meeting 28-01-2026   18:10:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,07,033.20 3,00,973.90
Other income 3,007.00 7,142.00
Total income 1,10,040.20 3,08,115.90
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 65,403.30 1,84,738.70
(e) Finance costs 990.90 3,039.60
(f) Depreciation, depletion and amortisation expense 4,630.90 12,571.00
(f) Other Expenses
1 Cost of technical sub-contractors 2,364.10 6,340.60
2 Other expenses 11,639.50 33,108.60
Total other expenses 14,003.60 39,449.20
Total expenses 85,028.70 2,39,798.50
3 Total profit before exceptional items and tax 25,011.50 68,317.40
4 Exceptional items 0.00 0.00
5 Total profit before tax 25,011.50 68,317.40
6 Tax expense
7 Current tax 6,439.20 17,246.40
8 Deferred tax (608.50) (610.80)
9 Total tax expenses 5,830.70 16,635.60
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 19,180.80 51,681.80
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 19,180.80 51,681.80
17 Other comprehensive income net of taxes 1,343.60 5,141.20
18 Total Comprehensive Income for the period 20,524.40 56,823.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 19,197.60 51,684.80
Total profit or loss, attributable to non-controlling interests (16.80) (3.00)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 20,541.20 56,826.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (16.80) (3.00)
21 Details of equity share capital
Paid-up equity share capital 4,678.30 4,678.30
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 40.81 110.02
Diluted earnings (loss) per share from continuing operations 39.79 107.51
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 40.81 110.02
Diluted earnings (loss) per share from continuing and discontinued operations 39.79 107.51
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The statement of consolidated unaudited financial results of eClerx Services Limited (the 'Company' including eClerx Employee Welfare Trust) and its subsidiaries (the Company and its subsidiaries together hereinafter referred to as the 'Group') for the quarter and nine months ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 28, 2026. There are no qualifications in the limited review report issued by the auditors. 2. These consolidated financial results have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) 34 Interim Financial Reporting prescribed under section 133 of the Companies Act, 2013, as amended read with the relevant rules issued thereunder. 3. The Group operates under a single reportable segment which is data management, analytics solutions and process outsourcing services. Further, the risks and rewards under various geographies where the Group operates are similar in nature. 4. The Board of Directors vide their meeting dated October 24, 2025 approved, subject to shareholders’ approval, buyback of equity shares of the Company through tender offer route for an aggregate amount not exceeding Rs. 3,000 million excluding transaction costs at a buyback price of Rs. 4,500 per equity share from the shareholders/beneficial owners of the Company. The shareholders' approval was procured vide postal ballot, results of which were announced on December 5, 2025 and the Company concluded the said buyback of 625,000 equity shares of Rs. 10 each at a revised buyback price of Rs. 4,800 per share, and the total buy back amount of Rs. 3,000 million. The settlement date for the said buyback was January 2, 2026. The shares so bought back were extinguished in the month of January 2026 and the issued and paid up capital would get reduced accordingly. Further, the Company has incurred total buyback expenses of Rs. 27.53 million, a portion of which was paid in January 2026. 5. The Board of directors in their meeting held on January 28,2026 recommended issue of bonus equity shares in the ratio of 1 equity share for every 1 equity shares held in the Company, subject to shareholders’ approval, which is being sought via postal ballot. 6. ASEC Group LLC (Transferor), the step-down subsidiary of eClerx Services Limited (“the Company”) has merged with Personiv Contact Centers LLC (Transferee), another step-down subsidiary of the Company with effect from October 1, 2025 for efficient corporate structure. The Transferor and Transferee companies are wholly owned step down subsidiaries of the Company and there is no cash consideration or issue of new shares as part of the merger. 7. Eclipse Global Holdings Inc (formerly known as Eclipse Global Holdings LLC), (Transferor), a step down subsidiary of eClerx Services Ltd (the Company) has merged with Personiv Eclipse Inc (formerly known as Personiv Contact Centres LLC), another step down subsidiary of the Company, with effect from November 3, 2025, for efficient corporate structure. The Transferor and Transferee companies are wholly owned step down subsidiaries of the Company and there is no cash consideration or issue of new shares as part of the merger. 8. On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, (‘Labour Codes’) which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and postemployment. The Labour Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced benefits relating to leave.The Group has assessed the financial implications of these changes which has resulted in increase in gratuity liability arising out of past service cost and increase in leave liability by Rs. 8.37 Million. The Group continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits. 9. The financial results of eClerx Employee Welfare Trust have been included in the consolidated financial results of the Group in accordance with the requirements of IND AS. While computing basic and diluted earnings per share, weighted average number of equity shares held by trust have been reduced. 10. Figures for the previous period have been regrouped wherever necessary to conform to those of the current period.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 240.80 (159.20)
Total Amount of items that will not be reclassified to profit and loss 240.80 (159.20)
2 Income tax relating to items that will not be reclassified to profit or loss 60.10 (41.50)
3 Amount of items that will be reclassified to profit and loss
1 B (i) Items that will be reclassified to profit or loss (net) 1,061.00 3,907.60
Total Amount of items that will be reclassified to profit and loss 1,061.00 3,907.60
4 Income tax relating to items that will be reclassified to profit or loss (101.90) (1,351.30)
5 Total Other comprehensive income 1,343.60 5,141.20