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AUGUST 2026 eClerx INVESTOR RELATIONS FINANCIAL PERFORMANCE - Q1 FY27 AUGUST 5 , 2026
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1w w w . e c l e r x . c o m CONFIDENTIAL Financial Summary Metrics FY27 Q1 Q-o-Q Y-o-Y Revenue OPG revenue (USD mm) $125.9 2.8% 15.2% OPG revenue (INR mm) 11,524 4.1% 23.3% Total revenue (INR mm) 11,702 3.1% 23.8% Profit OPG EBITDA (INR mm) 2,652 -6.6% 18.4% EBITDA (INR mm) 2,831 -9.3% 20.6% EBIT (INR mm) 2,335 -11.0% 18.1% PAT (INR mm) 1,643 -13.2% 16.0% Margin (%) OPG EBITDA (%) 23.0% -264 bps -96 bps EBITDA (%) 24.2% -330 bps -64 bps EBIT (%) 20.0% -317 bps -97 bps PAT (%) 14.0% -264 bps -95 bps * EBIT includes other income and excludes rental interest under IND AS116 HIGHLIGHTS OF THE QUARTER • Q1FY27 YoY constant currency (CC) growth of 15.1%; QoQ CC growth of 2.9% • Dividend of INR 1 proposed for FY27 • Wage increments effective 1st April 2026
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2w w w . e c l e r x . c o m CONFIDENTIAL 26,479 29,225 7,819 9,346 11,524 8,318 10,049 8,538 10,703 8,983 11,073 FY23 FY24 FY25 FY26 Q1 FY27 OPG Revenue in INR (Mn) 33,659 41,17017.5% 4-Year Revenue CAGR from FY22 to FY26 Key Financial Indicators (1) 1,870 1,750 1,873 2,346 2,831 2,023 2,189 2,288 2,983 2,084 2,280 2,281 3,0752,119 2,186 2,505 3,121 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 FY23 FY24 FY25 FY26 Q1 FY27 EBITDA (INR Mn) Q4 Q3 Q2 Q1 11,526 8,9468,4048,097 992 1,063 1,116 1,417 1,643 1,259 1,360 1,402 1,832 1,312 1,386 1,371 1,920 1,325 1,305 1,522 1,894 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 FY23 FY24 FY25 FY26 Q1 FY27 PAT (INR Mn) Q4 Q3 Q2 Q1 7,062 5,4115,1154,888 29.70% 25.8% 23.7% 29.0% 23.8% FY23 FY24 FY25 FY26 Q1 FY27 Return on Equity (%)
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3w w w . e c l e r x . c o m CONFIDENTIAL Key Financial Indicators (2) 62.4% 62.6% 73.2% 75.7% 37.9% F Y 2 3 F Y 2 4 F Y 2 5 F Y 2 6 Q 1 F Y 2 7 EBITDA conversion (%) 6,563 10,839 10,508 12,810 12,589 5,050 5,259 6,546 8,729 1,073 FY23 FY24 FY25* FY26* Q1 FY27 Cash and Cash Equivalents and Net Operating Cash flow (INR Mn) Cash and Cash Equivalents Net Operating Cash Flow 179 233 246 278 300 68 112 112 139 137 FY23 FY24 FY25* FY26* Q1 FY27 Book value and Cash & Cash Equivalents (INR) Current Book Value per share Cash and Cash Equivalents per share 684 864 1,202 161 334 336 267 404 FY23 FY24 FY25 FY26 Q1 FY27 Capex (INR Mn) 1,169 57.1 76.2 17.9 56.0 74.4 17.6 FY25 FY26 Q1 FY27 EPS (INR) Basic Diluted *Effective Q4FY25 we have included Deposits more than 12 months Changes in historical numbers due to Bonus issued in Q4 FY26
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4w w w . e c l e r x . c o m CONFIDENTIAL Other Income * Gain / Loss regrouped as other income/expenses based on profit or loss position in the press release financials • Revaluation Income: Decreased due to lower INR depreciation against USD in Q1. • Revaluation and Realised Gain - USD/INR FY27 Q1 Exit: 94.56 vs. FY26 Q4 Exit: 93.78 - EUR/INR FY27 Q1 Exit:108.01 vs. FY26 Q4 Exit:108.09 - GBP/INR FY27 Q1 Exit:125.47 vs. FY26 Q4 Exit:123.84 Other Income FY27 Q1 FY26 Q4 FY26 Q3 FY26 Q2 FY26 Q1 Investment Income 98.8 122.1 124.0 108.4 105.5 Revaluation Income* 35.7 105.7 64.1 186.1 (32.1) Others 44.1 53.0 125.3 9.4 31.9 Total 178.6 280.8 313.4 303.9 105.3 Figures in INR millions.
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5w w w . e c l e r x . c o m CONFIDENTIAL 19.6 22.9 18.3 21.6 18.2 29.3 24.4 19.0 26.8 28.9 33.0 48.6 32.3 46.0 45.5 46.1 40.8 Q1'FY23 Q2'FY23 Q3'FY23 Q4'FY23 Q1'FY24 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 Q1'FY26 Q2'FY26 Q3'FY26 Q4'FY26 Q1'FY27 ACV of new deals (excludes CLX) 14.8 16.3 20.2 25.9 14.8 18.1 21.4 16.2 19.8 23.616.2 19.0 24.2 FY23 FY24 FY25 FY26 Q1 FY27 A&A Revenue Revenue, A&A and ACV Amounts in $ mm 82.4 MM 91.0 MM 61.965.3 20.0 25.9 73.2 137.4 MM Q1'25 Q2'25 Q3'25 Q4'25 FY25 Q1'26 Q2’26 Q3’26 Q4’26 FY26 Q1’27 BFSI 41.8% 43.8% 43.7% 43.7% 43.3% 43.2% 41.4% 40.1% 38.7% 40.8% 37.6% CMT 26.4% 26.1% 25.2% 25.7% 25.8% 25.4% 25.9% 25.0% 26.6% 25.7% 26.2% HiTech and M&D 16.8% 16.7% 16.2% 16.1% 16.4% 16.5% 16.7% 16.8% 16.0% 16.5% 16.3% Fashion & Luxury and Retail 10.3% 8.7% 9.3% 8.8% 9.3% 9.0% 8.4% 8.7% 8.4% 8.6% 8.2% Emerging 4.7% 4.8% 5.5% 5.7% 5.2% 5.9% 7.7% 9.5% 10.2% 8.4% 11.7% Total 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Revenue by Industries 169.9 MM 89.5
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6w w w . e c l e r x . c o m CONFIDENTIAL Hedge Updates Current Hedge Status • Current total outstanding hedges at $273.6 mm at average INR 93.41/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) Matured Forwards FY26 Q1 $52.80 85.25 FY26 Q2 $52.80 85.94 FY26 Q3 $52.80 86.22 FY26 Q4 $47.60 87.38 Total FY26 USD $206.00 86.17 FY27 Q1 $60.40 88.26 Outstanding Forwards FY27 Q2 $56.00 89.92 FY27 Q3 $57.60 91.66 FY27 Q4 $42.60 92.11 Total FY27 USD $156.20 91.16 FY28 Q1 $45.40 94.70 FY28 Q2 $33.60 96.29 FY28 Q3 $22.50 97.78 FY28 Q4 $10.50 98.98 Total FY28 USD $112.00 96.20 FY29 Q1 $5.40 100.85 Total FY29 USD $5.40 100.85 Total Outstanding USD $273.60 93.41
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7w w w . e c l e r x . c o m CONFIDENTIAL P&L Comparison Operating P&L FY27 Q1 OPR (%) FY26 Q4 OPR (%) Operating Revenue $ $125.9 $122.4 Total Revenue* 11,702 11,354 Operating Revenue 11,524 11,073 Cost of Revenues Delivery and Support Employees Cost 6,401 55.6% 5,851 52.8% General and Administrative Expenses Facilities (Rent and Electricity) 160 1.4% 154 1.4% Technological Services (Communications, AMC) 289 2.5% 237 2.1% Administrative Services (Transport, HK, Security) 131 1.1% 115 1.0% Legal and Professional Fees 190 1.6% 183 1.7% Provision / Written off for Bad Debt 5 0.0% (14) -0.1% CSR 28 0.2% 28 0.3% Others 189 1.6% 199 1.8% Total G&A 990 8.6% 902 8.1% Selling and Distribution 1,480 12.8% 1,478 13.4% Operating EBITDA 2,652 23.0% 2,841 25.7% EBITDA^ 2,831 24.2% 3,121 27.5% Depreciation and Amortization (Inc. rent as per IND AS116) 496 4.3% 497 4.5% EBIT^ 2,335 20.0% 2,625 23.1% * Forex Gain / Loss and gain / loss on sale of tangible assets regrouped as other income/expenses in the press release financials ^ EBITDA and EBIT % on Total Revenue Figures in INR millions.
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8w w w . e c l e r x . c o m CONFIDENTIAL FY27 Q1 FY26 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 FY25 Q2 FY25 Q1 Currency Contribution (%) USD 87% 86% 86% 86% 86% 86% 86% 87% 86% EURO 8% 8% 8% 8% 8% 8% 8% 8% 9% GBP 3% 3% 3% 3% 3% 3% 3% 3% 3% Others 2% 3% 3% 3% 3% 3% 3% 2% 2% Geographic Concentration* North America 78% 78% 80% 80% 79% 78% 76% 76% 75% Europe 16% 17% 14% 14% 15% 14% 16% 16% 17% ROW 6% 5% 6% 6% 6% 8% 8% 8% 8% Client Concentration Top 10 contribution 60% 59% 60% 63% 63% 64% 62% 63% 62% Billing Mix BPaaS 19% 18% 19% 18% 19% 19% 19% 20% 21% Onshore Revenue 18% 18% 18% 19% 20% 21% 21% 20% 20% Client Contribution (based on TTM revenue) US$ 500k-1mm Clients 42 44 44 44 42 37 36 36 38 US$ 1mm-3mm Clients 28 27 27 26 24 25 24 25 23 US$ 3mm ++ Clients 25 24 22 20 19 18 18 18 19 Key Revenue Metrics *Other smaller currencies, geographies and client contribution not shown DSO Days 79 81 78 76 86 80 83 77 81
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9w w w . e c l e r x . c o m CONFIDENTIAL FY27 Q1 FY26 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 FY25 Q2 FY25 Q1 Staff Utilization (Delivery) Staff Utilization (Delivery) 75.5% 74.2% 76.5% 75.1% 72.8% 73.2% 73.2% 74.1% 72.1% Offshore Seat Count Offshore Seat Count 15,420 15,507 15,519 15,140 14,731 13,976 13,810 12,009 11,999 Headcount Offshore Delivery 18,305 18,586 18,147 17,754 16,865 15,925 15,260 14,861 14,921 Onshore Delivery 732 741 652 651 655 656 627 637 683 Support Services 1,078 1,082 1,060 1,021 995 941 923 907 898 Tech Services 2,261 2,109 1,988 1,867 1,746 1,745 1,704 1,699 1,122 Business Development 123 121 120 122 124 122 128 123 125 Total 22,499 22,639 21,967 21,415 20,385 19,389 18,642 18,227 17,749 Offshore Voluntary Attrition Offshore Voluntary Attrition 18.1% 21.7% 19.3% 20.3% 17.6% 24.3% 18.8% 28.8% 18.1% Key Headcount Metrics Women Employees (%) Women Employees (%) 39.7% 39.1% 39.2% 39.9% 39.3% 38.8% 38.5% 38.7% 38.8%
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10w w w . e c l e r x . c o m CONFIDENTIAL Thank You This presentation contains forward-looking statements, inter-alia, to enable investors to comprehend company’s prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such statements by using words such as ‘anticipate’, ‘estimate’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’ and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realized, although we believe we have been prudent in assumptions. The achievement of results is, inter-alia, subject to assumptions, risks, uncertainties, including but not limited to our ability to successfully conclude and integrate (potential) acquisition(s) and general regulatory and economic conditions affecting the industry. Should known or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, expected or projected. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further this presentation may also contain references to findings of various reports available in public domain. We make no representation as to their accuracy or that we necessarily subscribe to those findings. Figures for previous periods / year have been regrouped, wherever necessary.
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- 1 - eClerx’s Q1 FY27 revenue at INR 1,170.2 crore, up by 23.8% Mumbai, August 05, 2026: eClerx Services Ltd (ECLERX.NS), a global leader in AI -powered analytics, digital operations, automation, and business process management, today announced its results for fiscal Q1 2027. eClerx empowers the world’s largest enterprises with intelligent operations and insights, providing core business process solutions and data analytics from its global delivery centres. Consolidated financial highlights for the quarter ended June 30, 2026 Operating revenue for the quarter ended June 30, 2026 was INR 1,152.4 crore vs. INR 934.6 crore corresponding period last year, YoY increase of 23.3%. In USD terms, operating revenue increased by 15.2% to USD 125.9 Million as compared to USD 109.2 Million last year. Total revenue including other income for the period was INR 1,170.2 crore, YoY increase by 23.8%. • EBIT for the period is INR 233.5 crore, up by 18.1% YoY. • Profit after tax for the quarter ended June, 2026 was INR 164.3 crore compared with INR 141.7 crore in the previous year, increase of 16.0% YoY. • Basic EPS for the quarter ended June, 2026 was INR 17.86 as compared to INR 15.08 last year. • The total delivery headcount as of June, 2026 stands at 22, 376 – an increase of 10% YoY.
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- 2 - About eClerx Services Ltd: eClerx provides AI -powered analytics, digital operations services, automation, and business process management to help clients unlock growth and drive business outcomes. eClerx partners with Fortune 500 enterprises across financial services, telecom, media & entertainment, luxury, retail & fashion, and manufacturing. A publicly listed company, eClerx operates across 17 countries with around 22,500 employees, serving clients globally across the Americas, APAC, and EMEA. For more information, visit www.eclerx.com. For further information, please contact: Srinivasan Nadadhur eClerx Services Ltd. Email: srinivasan.nadadhur@eclerx.com Asha Gupta Ernst & Young LLP Email: asha.gupta@in.ey.com Disclaimer: Certain statements made in this release concerning our future growth prospects may be interpreted as forward looking statements, which involve a number of risks and uncertainties that could cause the actual results to differ materially from those in such forward looking statements. Investors are requested to use their discretion in relying on them. We do not undertake to update any forward-looking statements that may be made from time to time.