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 13-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Information Technology
Start date and time of board meeting 13-05-2026   15:00:00
End date and time of board meeting 13-05-2026   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,10,728.70 4,11,702.60
Other income 2,976.40 10,118.40
Total income 1,13,705.10 4,21,821.00
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 67,714.00 2,52,452.70
(e) Finance costs 1,174.00 4,213.60
(f) Depreciation, depletion and amortisation expense 4,965.50 17,536.50
(f) Other Expenses
1 Cost of technical sub-contractors 2,938.10 9,278.70
2 Other expenses 11,718.50 44,827.10
Total other expenses 14,656.60 54,105.80
Total expenses 88,510.10 3,28,308.60
3 Total profit before exceptional items and tax 25,195.00 93,512.40
4 Exceptional items 0.00 0.00
5 Total profit before tax 25,195.00 93,512.40
6 Tax expense
7 Current tax 6,345.00 23,591.40
8 Deferred tax (115.10) (725.90)
9 Total tax expenses 6,229.90 22,865.50
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 18,965.10 70,646.90
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 18,965.10 70,646.90
17 Other comprehensive income net of taxes (1,749.40) 3,391.80
18 Total Comprehensive Income for the period 17,215.70 74,038.70
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 18,936.30 70,621.10
Total profit or loss, attributable to non-controlling interests 28.80 25.80
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 17,148.60 73,974.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 67.10 64.10
21 Details of equity share capital
Paid-up equity share capital 9,203.00 9,203.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 2,46,936.80
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 20.47 76.23
Diluted earnings (loss) per share from continuing operations 20.04 74.42
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 20.47 76.23
Diluted earnings (loss) per share from continuing and discontinued operations 20.04 74.42
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The statement of consolidated audited 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 year ended March 31, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 13, 2026. There are no qualifications in the audit report issued by the auditors. 2. These consolidated financial results of the Group, have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies to the extent applicable. 3. The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year ended March 31, 2026 and March 31, 2025 respectively and unaudited published year- to-date figures up to December 31, 2025 and December 31, 2024 respectively, being the end of the third quarter of the respective financial years, which were subject to limited review. 4. 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. 5. 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 and the issued and paid up capital stands amended accordingly. Further, the Company has incurred total buyback expenses of Rs. 30.78 million. 6. The shareholders of the Company approved the issue of Bonus equity shares in the proportion of 1 new fully paid up equity share of Rs. 10/- each for every existing 1 equity share of Rs. 10/- each via postal ballot, result of which was announced on March 6, 2026. Consequently, the Company has issued 47,025,359 fully paid up equity shares and the paid up equity share capital has been increased by Rs. 470.25 million and the Earnings per Share has been accordingly restated for all periods presented to give the effect of bonus equity shares. 7. 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. 8. 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 Centers 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. 9. 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 post-employment. 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. 10. 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. 11. The Board of Directors have recommended a final dividend of Re. 1 per Equity Share of Rs. 10 each for the financial year 2025-26. 12. Figures for the previous year have been regrouped wherever necessary to conform to those of the current year.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 20,286.00
Capital work-in-progress 491.60
Investment property 33,606.60
Goodwill 44,929.40
Other intangible assets 6,572.90
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 772.70
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 9,826.20
Total of other non-current financial assets 9,826.20
Total non-current financial assets 10,598.90
Deferred tax assets (net) 11,666.10
Other non-current assets
1 Non-current tax assets (net)������������������������������������������������������������������������� 580.70
2 Other non - current assets 337.00
Total of other non-current assets 917.70
Total non-current assets 1,29,069.20
2 Current assets
Inventories 62.40
Current financial asset
Current investments 30,012.40
Trade receivables, current 1,01,434.20
Cash and cash equivalents 69,676.70
Bank balance other than cash and cash equivalents 4,122.70
Loans, current 0.00
Other current financial assets
Total of other current financial assets 21,038.10
Total current financial assets 2,26,284.10
Current tax assets (net) 253.80
Other current assets
1 Other current assets 14,032.10
Total of other current assets 14,032.10
Total current assets 2,40,632.40
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 3,69,701.60
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,203.00
Other equity 2,46,936.80
Total equity attributable to owners of parent 2,56,139.80
Non controlling interest 283.80
Total equity 2,56,423.60
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 32,442.50
2 Derivative instruments 2,839.50
Total of other non-current financial liabilities 35,282.00
Total non-current financial liabilities 35,282.00
Provisions, non-current 6,680.60
Deferred tax liabilities (net) 637.70
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 42,600.30
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 8.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 9,992.80
Total Trade payable 10,000.80
Other current financial liabilities
1 Lease liabilities 6,052.70
2 Derivative instruments 12,818.40
3 Other financial liabilities 3,617.30
Total of other current financial liabilities 22,488.40
Total current financial liabilities 32,489.20
Other current liabilities 8,675.00
1 Other current liabilities 8,675.00
Total of other current liabilities 8,675.00
Provisions, current 27,339.60
Current tax liabilities (Net) 2,173.90
Deferred government grants, Current 0.00
Total current liabilities 70,677.70
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,13,278.00
Total equity and liabilites 3,69,701.60
Disclosure of notes on assets and liabilities



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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 A (i) Items that will not be reclassified to profit or loss in subsequent periods 154.70 (4.50)
Total Amount of items that will not be reclassified to profit and loss 154.70 (4.50)
2 Income tax relating to items that will not be reclassified to profit or loss (32.30) (73.80)
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) in subsequent periods (4,388.60) (481.00)
Total Amount of items that will be reclassified to profit and loss (4,388.60) (481.00)
4 Income tax relating to items that will be reclassified to profit or loss (2,452.20) (3,803.50)
5 Total Other comprehensive income (1,749.40) 3,391.80



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 93,512.40
Adjustments for reconcile profit (loss)
Adjustments for finance costs 4,213.60
Adjustments for decrease (increase) in inventories (39.70)
Adjustments for decrease (increase) in trade receivables, current (23,671.30)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (1,345.50)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 2,585.30
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 5,311.70
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 17,536.50
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 7,266.80
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 5,743.40
Adjustments for dividend income 321.00
Adjustments for interest income 3,422.60
Adjustments for share-based payments 3,625.80
Adjustments for fair value losses (gains) 141.50
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (1,277.00)
Other adjustments to reconcile profit (loss) 7.20
Other adjustments for non-cash items 9.90
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 16,364.60
Net cash flows from (used in) operations 1,09,877.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 22,530.40
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 87,346.60
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 2,19,845.50
Other cash payments to acquire equity or debt instruments of other entities 2,18,676.80
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 124.20
Purchase of property, plant and equipment 11,912.20
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 321.00
Interest received 2,956.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (6,740.50)
Net cash flows from (used in) investing activities (14,082.30)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 30,000.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 3,241.20
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 5,423.50
Dividends paid 469.80
Interest paid 4,272.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (25,232.20)
Net cash flows from (used in) financing activities (62,156.70)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 11,107.60
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 4,399.40
Net increase (decrease) in cash and cash equivalents 15,507.00
Cash and cash equivalents cash flow statement at beginning of period 54,169.70
Cash and cash equivalents cash flow statement at end of period 69,676.70





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-11-2026