eClerx Services Ltd delivered a strong performance in Q2 FY26

Underpinned by solid growth and shareholder-friendly actions. The company reported consolidated revenue from operations of ₹1,004.9 crore, up 20.8% year-on-year from ₹831.8 crore in Q2 FY25. Including other income, total revenue rose ~22.6% to ₹1,035.2 crore. The profit after tax stood at ₹183.2 crore, up about 30.6% YoY, while profit before tax rose to around ₹245 crore (+30.4%). Margins improved substantially: the EBITDA margin reached 28.8%, with EBIT and net profit margins also picking up by roughly 379 bps and 271 bps respectively. The delivery headcount expanded to 21,293—a growth of 18% YoY—signalling capacity expansion and scaling up of operations. In a move to reward shareholders and signal confidence in cash-flows, eClerx approved a ₹300 crore buy-back at ₹4,500 per share, with 15% of the buy-back reserved for small shareholders and promoters opting out. On the strategic front, the company continues to strengthen its niches in analytics, digital operations, and specialized business-process services across industries—building on a base of Fortune 500 clients and resilient offshore delivery capabilities. In summary: eClerx’s Q2 results reflect a well-executed growth cycle—top-line and profit growth, margin expansion, shareholder returns and operational scaling—all delivered in a challenging global outsourcing environment. For investors, the strong numbers and buy-back announcement mark a compelling performance milestone; while the company still faces global macro and competitive risks, the momentum and capital-return discipline provide reason for confidence.