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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
eClerx Services Ltd

eClerx Services Q2 FY27 Net Profit up 9.8% QoQ to INR 1,804 million

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 28 Oct 2026, 07:37 PM IST  ·  BSE ID: 32f5793d-372b-463e-a676-50e4036b1a1e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's net profit and total revenue increased in the latest quarter, driven by growth across key operational metrics.
🤖 AI Summary
  • Consolidated PAT for Q2 FY27 stood at INR 1,804 million, increasing 9.8% quarter-on-quarter.
  • Total revenue for Q2 FY27 was INR 12,126 million, a 3.6% quarter-on-quarter increase.
  • Operating EBITDA for Q2 FY27 was INR 2,839 million, with a 23.9% margin, up 87 bps QoQ.
  • Total headcount increased to 23,269 in Q2 FY27 from 22,499 in Q1 FY27.
  • North America contributed 82% to geographic revenue concentration in Q2 FY27.
🔢 Key Numbers — exact figures from BSE filing, not rounded
PAT (INR mm)
1,804
Total Revenue (INR mm)
12,126
EBITDA (INR mm)
3,079
Total Headcount
23,269
Offshore Voluntary Attrition
23.4%
OPG revenue (USD mm)
$127.7
🏢 How This Affects the Company
📈
Business Impact
The company demonstrated growth in OPG revenue, with a 12.9% constant currency increase year-on-year, indicating expanding business operations and client engagement. North America remains the dominant geographic segment contributing 82% to revenue.
💰
Financial Impact
Consolidated PAT increased by 9.8% QoQ to INR 1,804 million, with total revenue rising 3.6% QoQ to INR 12,126 million. EBITDA margins expanded to 25.4%, and PAT margins improved to 14.9% QoQ, reflecting enhanced profitability.
⚙️
Operational Impact
Total headcount increased by 770 employees to 23,269 in Q2 FY27, primarily in Offshore Delivery, indicating expansion of service capacity. Staff utilization in Delivery declined slightly to 74.9% from 75.5% QoQ.
⚠️
Risk Impact
The company has significant foreign currency hedges outstanding, totaling $282.7 mm at an average INR 95.46/$, reducing immediate foreign exchange rate volatility risk. Increased reliance on North America for 82% of revenue concentration suggests exposure to a single geographic market.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders benefit from the 9.8% QoQ increase in Consolidated PAT to INR 1,804 million, indicating improved company profitability. The increase in total shareholder's funds by 14% to INR 29,181 million from March 31, 2026, also affects shareholders.
🔍
Management Signal
The financial results indicate management's focus on revenue growth, margin improvement, and workforce expansion, while also managing foreign currency exposure through hedging strategies.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — review revenue and profit growth trends.
Updates on Offshore Voluntary Attrition rate — monitor for any changes.
Changes in geographic revenue concentration — observe shifts from North America.
MEDIUM RISK Increasing offshore voluntary attrition and high revenue concentration in North America present operational and market risks.
💡 Investor Takeaway
eClerx Services reported Q2 FY27 Consolidated PAT of INR 1,804 million, a 9.8% increase QoQ, with Total Revenue rising 3.6% QoQ to INR 12,126 million. The company's EBITDA margin reached 25.4%, improving 120 bps QoQ. Total headcount grew to 23,269, while Offshore Voluntary Attrition increased to 23.4%.
⚖️ Strengths & Concerns

✅ Positives

  • Q2 FY27 Consolidated PAT increased by 9.8% quarter-on-quarter to INR 1,804 million, demonstrating sequential profitability improvement.
  • Total revenue grew by 3.6% QoQ to INR 12,126 million, alongside an expansion of EBITDA margin by 120 bps to 25.4%.

⚠️ Concerns

  • Offshore Voluntary Attrition rate increased to 23.4% in Q2 FY27 from 18.1% in Q1 FY27, indicating higher employee turnover.
  • Staff Utilization (Delivery) slightly decreased to 74.9% in Q2 FY27 from 75.5% in Q1 FY27, suggesting a minor dip in operational efficiency.
📅 Company Track Record
eClerx Services' Q1 FY27 PAT was INR 1,643 million, increasing 16.0% YoY but falling 13.2% QoQ. Standalone profit in Q1 FY27 was INR 1,327.83 million, up 42.9% YoY.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was eClerx Services' consolidated net profit in Q2 FY27?
eClerx Services reported a Consolidated PAT of INR 1,804 million for Q2 FY27.
What was the total revenue for eClerx Services in Q2 FY27?
The total revenue for eClerx Services in Q2 FY27 was INR 12,126 million.
How much did eClerx Services' headcount grow in Q2 FY27?
eClerx Services' total headcount increased to 23,269 in Q2 FY27 from 22,499 in Q1 FY27.
What was eClerx Services' Offshore Voluntary Attrition rate in Q2 FY27?
The Offshore Voluntary Attrition rate for eClerx Services was 23.4% in Q2 FY27.
What is the geographic revenue concentration for eClerx Services in Q2 FY27?
North America contributed 82% to eClerx Services' geographic revenue concentration in Q2 FY27.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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