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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 28-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 21-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second 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 28-10-2026   16:15:00
End date and time of board meeting 28-10-2026   18:15:00
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 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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,18,865.70 2,34,101.50
Other income 2,399.20 4,185.10
Total income 1,21,264.90 2,38,286.60
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 74,113.80 1,46,998.90
(e) Finance costs 1,517.50 3,005.40
(f) Depreciation, depletion and amortisation expense 5,582.20 10,542.90
(f) Other Expenses
1 Cost of technical sub-contractors 3,378.10 6,188.60
2 Other expenses 12,985.50 26,002.00
Total other expenses 16,363.60 32,190.60
Total expenses 97,577.10 1,92,737.80
3 Total profit before exceptional items and tax 23,687.80 45,548.80
4 Exceptional items 0.00 0.00
5 Total profit before tax 23,687.80 45,548.80
6 Tax expense
7 Current tax 5,813.80 11,865.90
8 Deferred tax (185.70) (801.00)
9 Total tax expenses 5,628.10 11,064.90
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 18,059.70 34,483.90
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 18,059.70 34,483.90
17 Other comprehensive income net of taxes 2,709.40 8,479.50
18 Total Comprehensive Income for the period 20,769.10 42,963.40
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 18,039.20 34,473.40
Total profit or loss, attributable to non-controlling interests 20.50 10.50
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 20,746.70 42,951.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 22.40 12.40
21 Details of equity share capital
Paid-up equity share capital 9,175.40 9,175.40
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 19.63 37.49
Diluted earnings (loss) per share from continuing operations 19.27 36.85
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 19.63 37.49
Diluted earnings (loss) per share from continuing and discontinued operations 19.27 36.85
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 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 half year ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 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 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. Further, during the quarter ended March 31, 2026, the Company issued 47,025,359 bonus equity shares. Earnings per share have been restated for the quarter ended September 30, 2025 and half year ended September 30, 2025 to give the effect of bonus equity shares. 5. Figures for the previous periods 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


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 24,667.80
Capital work-in-progress 800.70
Investment property
Goodwill 45,474.30
Other intangible assets 6,043.40
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 804.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Derivative instruments 165.50
2 Other financial assets 6,206.30
Total of other non-current financial assets 6,371.80
Total non-current financial assets 7,175.80
Deferred tax assets (net) 10,918.40
Other non-current assets
1 Non-current tax assets (net) 876.70
2 Other non - current assets 501.40
3 Right of use assets 44,826.10
Total of other non-current assets 46,204.20
Total non-current assets 1,41,284.60
2 Current assets
Inventories 41.60
Current financial asset
Current investments 41,685.20
Trade receivables, current 1,06,991.20
Cash and cash equivalents 72,981.90
Bank balance other than cash and cash equivalents 1,521.30
Loans, current 0.00
Other current financial assets
Total of other current financial assets 26,482.30
Total current financial assets 2,49,661.90
Current tax assets (net) 144.80
Other current assets
1 Other current assets 15,033.30
Total of other current assets 15,033.30
Total current assets 2,64,881.60
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 4,06,166.20
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,175.40
Other equity 2,82,342.00
Total equity attributable to owners of parent 2,91,517.40
Non controlling interest 296.20
Total equity 2,91,813.60
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
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liabilities 42,923.90
2 Derivative instruments 608.10
Total of other non-current financial liabilities 43,532.00
Total non-current financial liabilities 43,532.00
Provisions, non-current 0.00
Deferred tax liabilities (net) 578.00
Deferred government grants, Non-current
Other non-current liabilities
1 Employee benefit obligations 6,200.40
Total of other non-current liabilities 6,200.40
Total non-current liabilities 50,310.40
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 13.70
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 11,098.90
Total Trade payable 11,112.60
Other current financial liabilities
1 Lease liabilities 8,149.40
2 Derivative instruments 7,517.30
3 Other financial liabilities 5,156.30
Total of other current financial liabilities 20,823.00
Total current financial liabilities 31,935.60
Other current liabilities 29,638.20
1 Employee benefit obligations 19,977.20
2 Other current liabilities 9,661.00
Total of other current liabilities 29,638.20
Provisions, current 0.00
Current tax liabilities (Net) 2,468.40
Deferred government grants, Current
Total current liabilities 64,042.20
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,14,352.60
Total equity and liabilites 4,06,166.20
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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 in subsequent periods 224.80 (182.40)
Total Amount of items that will not be reclassified to profit and loss 224.80 (182.40)
2 Income tax relating to items that will not be reclassified to profit or loss 40.80 (61.60)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss (net) in subsequent periods 2,732.20 10,552.30
Total Amount of items that will be reclassified to profit and loss 2,732.20 10,552.30
4 Income tax relating to items that will be reclassified to profit or loss 206.80 1,952.00
5 Total Other comprehensive income 2,709.40 8,479.50



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 45,548.80
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,005.40
Adjustments for decrease (increase) in inventories 20.70
Adjustments for decrease (increase) in trade receivables, current (6,327.60)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (973.90)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 2.40
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 4,109.70
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (8,025.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 10,542.90
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (17.00)
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 1,412.30
Adjustments for dividend income 167.30
Adjustments for interest income 1,663.40
Adjustments for share-based payments 2,063.10
Adjustments for fair value losses (gains) 70.60
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (321.00)
Other adjustments to reconcile profit (loss) (158.90)
Other adjustments for non-cash items 65.30
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 3,638.30
Net cash flows from (used in) operations 49,187.10
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 11,512.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 37,675.10
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 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
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 45.30
Purchase of property, plant and equipment 10,394.80
Proceeds from sales of investment property 1,25,344.90
Purchase of investment property 1,36,829.40
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 167.30
Interest received 1,441.50
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 941.10
Net cash flows from (used in) investing activities (19,284.10)
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 18,338.30
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 8,969.50
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 3,029.10
Dividends paid 918.40
Interest paid 3,005.40
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (16,321.70)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 2,069.30
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 1,235.90
Net increase (decrease) in cash and cash equivalents 3,305.20
Cash and cash equivalents cash flow statement at beginning of period 69,676.70
Cash and cash equivalents cash flow statement at end of period 72,981.90