| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,189 | 1,005 | +18.3% |
| EBITDA | 284 | 271 | +4.7% |
| EBITDA margin | 23.9% | 27.0% | −3.1 pts |
| Profit before tax | 237 | 245 | −3.3% |
| Net profit | 181 | 183 | −1.6% |
| EPS | ₹19.63 | ₹39.00 | −49.7% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 17,175 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 1,147 | 997 | 829 | 746 | 680 | ||
| 3.0 | 2.8 | 2.2 | 2.0 | 1.7 | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | ||
| 16,031 | — | — | — | — | ||
| 4,519 | 4,117 | 3,366 | 2,926 | 2,648 | ||
| — | +22.3% | +15.1% | +10.5% | — | ||
| 1,109 | 1,051 | 808 | 775 | 722 | ||
| 24.5% | 25.5% | 24.0% | 26.5% | 27.3% | ||
| 908 | 876 | 667 | 649 | 608 | ||
| 726 | 706 | 541 | 512 | 489 | ||
| 16.1% | 17.2% | 16.1% | 17.5% | 18.5% | ||
| ₹78.90 | ₹76.74 | ₹58.80 | ₹55.57 | ₹53.12 | ||
| — | +30.5% | +5.8% | +4.6% | — | ||
| — | 873 | 655 | 526 | 493 | ||
| — | −119 | −121 | −67.4 | −90.8 | ||
| 754 | 754 | 533 | 459 | 402 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 17,174.6 | |
| - Cash, Equiv & ST Investments | 680.2 | 746.4 | 828.8 | 996.9 | 1,146.7 | |
| + Minority Interest | 1.7 | 2.0 | 2.2 | 2.8 | 3.0 | |
| + Total Debt | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Enterprise Value | — | — | — | — | 16,030.9 | |
| Revenue | 2,647.9 | 2,925.5 | 3,365.9 | 4,117.0 | 4,518.6 | |
| Growth %, YoY | — | +10.5 | +15.1 | +22.3 | — | |
| EBITDA | 722.2 | 774.8 | 808.1 | 1,051.4 | 1,109.0 | |
| Margin % | 27.28 | 26.48 | 24.01 | 25.54 | 24.54 | |
| EBIT | 608.2 | 649.0 | 666.9 | 876.1 | 907.6 | |
| Net Income | 489.2 | 511.7 | 541.3 | 706.5 | 726.3 | |
| Margin % | 18.47 | 17.49 | 16.08 | 17.16 | 16.07 | |
| EPS, Adj (current shares) | 53.12 | 55.57 | 58.80 | 76.74 | 78.90 | |
| Growth %, YoY | — | +4.6 | +5.8 | +30.5 | — | |
| Cash from Operations | 492.6 | 525.9 | 654.6 | 873.5 | — | |
| Capital Expenditures | -90.8 | -67.4 | -121.5 | -119.1 | — | |
| Free Cash Flow | 401.8 | 458.5 | 533.1 | 754.3 | 754.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
eClerx Services (NSE: ECLERX) had a market capitalisation of ₹15,237 crore at the 29 October 2026 close (₹1,660.60 a share), a PE ratio of 21.0 on the last four quarters' profit and a price-to-book ratio of 5.23. In FY26 its consolidated net profit was ₹706 crore on revenue of ₹4,117 crore; in Q2 FY27 (July–September 2026) it was ₹180 crore, down 1.5% year on year. It had no borrowings on 30 September 2026. Promoters held 54.52% of the shares on 30 September 2026.
eClerx Services' PE ratio is 21.0 at the 29 October 2026 close (₹1,660.60 a share): a market capitalisation of ₹15,237 crore divided by consolidated net profit of ₹726 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹706 crore) it is 21.6.
eClerx Services' debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹2,918 crore. A year earlier, on 30 September 2025, it was 0.00.
eClerx Services' book value per share was ₹317.72 on 30 September 2026: shareholders' equity of ₹2,915 crore divided by the 9.18 crore shares in issue. The share price at the 29 October 2026 close was ₹1,660.60.
eClerx Services' price-to-book (PB) ratio is 5.23 at the 29 October 2026 close: a market capitalisation of ₹15,237 crore divided by shareholders' equity (book value) of ₹2,915 crore on 30 September 2026. That is a book value of ₹317.72 per share against a share price of ₹1,660.60.
eClerx Services' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,915 crore on 30 September 2026, up 11.1% from ₹2,624 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹15,237 crore at the 29 October 2026 close.
In FY26, eClerx Services' return on equity (ROE) was 29.0% and its return on capital employed (ROCE) was 30.8%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 23.8% and ROCE 25.4%.
eClerx Services' market capitalisation was ₹15,237 crore at the 29 October 2026 close: 9.18 crore shares at ₹1,660.60 each.
Yes. eClerx Services had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹1,162 crore of cash, bank balances and current investments.
In 2026, eClerx Services has declared one dividend: ₹1 with record date 21 August 2026.
eClerx Services' basic earnings per share (EPS) were ₹76.23 in FY26.
Promoters held 54.52% of eClerx Services on 30 September 2026, unchanged from the previous quarter and up 0.71 percentage points from 53.81% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, eClerx Services generated ₹873 crore of cash from operations and spent ₹119 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹754 crore. In FY25 it was ₹533 crore.
On 30 September 2026, eClerx Services' shares were held by promoters 54.52%, foreign portfolio investors (FII/FPI) 9.68%, domestic institutions (DII) 24.55% (including mutual funds at 23.91%) and retail and other non-institutional investors 8.81%. Over the year, FII holding was down 1.27 percentage points from 10.95% and DII holding was down 1.17 percentage points from 25.72%.
eClerx Services' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹180 crore, down 1.5% from ₹183 crore in Q2 FY26; revenue from operations ₹1,189 crore, up 18.3% year on year.
At the 29 October 2026 closing prices, on FY26 net profit, eClerx Services' PE ratio is 21.6, the lowest of the four: Firstsource Solutions 31.7, Datamatics Global Services 22.0 and EIH 29.3, a peer average of 27.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26 (April 2025–March 2026), eClerx Services' consolidated net profit was ₹706 crore, up 30.5% from ₹541 crore in FY25, on revenue from operations of ₹4,117 crore (up 22.3%). Over three years, from FY23, net profit was up 44.5%.
eClerx Services has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26, eClerx Services earned net profit of ₹706 crore on revenue of ₹4,117 crore, against ₹674 crore on ₹9,556 crore for Firstsource Solutions. eClerx Services' operating margin was 21.3% (Firstsource Solutions 11.7%) and its return on equity 29.0% (Firstsource Solutions 15.9%). At the 29 October 2026 close, eClerx Services' market capitalisation was ₹15,237 crore against ₹21,359 crore for Firstsource Solutions, and its PE ratio on FY26 profit 21.6 against 31.7.
On FY26 consolidated figures, against Firstsource Solutions, Datamatics Global Services and EIH: eClerx Services' operating margin of 21.3% is the second highest of the four (Firstsource Solutions 11.7%, Datamatics Global Services 14.5%, EIH 30.0%; peer average 18.7%); its return on equity of 29.0% is the highest of the four (Firstsource Solutions 15.9%, Datamatics Global Services 13.4%, EIH 12.7%; peer average 14.0%); its revenue growth over three years of 15.9% a year is the second highest of the four (Firstsource Solutions 16.6% a year, Datamatics Global Services 10.8% a year, EIH 13.3% a year; peer average 13.6% a year).
From eClerx Services' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.