Mumbai, January 29, 2025 – eClerx Services Ltd. (BSE: 532927 | NSE: ECLERX), a global leader in data analytics, business process management, and automation solutions, announced its financial results for the third quarter of fiscal year 2024-25. The company reported a consolidated revenue of ₹875.2 crore, reflecting a 13.1% year-on-year (YoY) growth.
Financial Performance Overview
For Q3 FY25 (October–December 2024), eClerx reported:- Operating Revenue: ₹853.8 crore, up 13.4% YoY.
- Total Revenue (including other income): ₹875.2 crore.
- EBIT: ₹192.3 crore, down 1.1% YoY.
- Profit After Tax (PAT): ₹137.1 crore, compared to ₹138.6 crore in Q3 FY24, a slight 1.1% decline.
- Basic EPS: ₹29.2, compared to ₹28.8 in Q3 FY24.
Operational Highlights
- Employee Strength: eClerx’s global workforce reached 18,514 employees, reflecting a 9.2% YoY increase.
- Margins:
- EBITDA Margin: 26.1% (down 103 basis points QoQ).
- EBIT Margin: 22.0% (down 123 basis points QoQ).
- Net Profit Margin: 15.7% (down 94 basis points QoQ).
- Cash & Liquidity: Total cash and cash equivalents stood at ₹9,358 million, compared to ₹8,359 million in Q2 FY25.
Strategic Developments
- Strong Client Growth: eClerx expanded its strategic customer base, with the top 10 clients contributing 62%of total revenue.
- Geographical Performance:
- North America: 76% of total revenue.
- Europe: 16%.
- Rest of World: 8%.
- Currency Impact & Hedging:
- The company benefited from USD appreciation against INR, with a revaluation income of ₹106 million in Q3.
- Total outstanding hedges stood at $242.4 million at an average rate of ₹85.86/USD.
Market Outlook
eClerx continues to position itself as a leader in data analytics and digital process automation. The company's strategic focus on BPaaS (Business Process as a Service) and automation solutions is expected to drive sustainable long-term growth.Despite a minor dip in profitability margins, revenue growth remains strong across all business verticals, fueled by an expanding client base and increased offshore delivery capabilities.
Stock Market Impact: Given the strong revenue growth and steady operational performance, analysts expect positive investor sentiment, with potential upside in the stock price.