ECLERXNSEQ1FY24November 9, 2023

eClerx Services Limited

2,324words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
23/123 November 9, 2023 BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, 25th Floor, Dalal Street, Fort, Mumbai - 400 001 National Stock Exchange of India Limited Exchan
, Mw
as above Corporate C>ffk:• o<:lenr S.tvlcff Umlted • • Floor. Express Towe,s. Narir'no.n Point, Mwnba1 - 400 021 Ph. •91 (022)66148301 IFax : • 91(022)861,4 8655 - .e<::le.-...com Regiate,red O
29.7%
Net profit (INR mm) EBITDA (%) EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,
25.6%
fit (INR mm) EBITDA (%) EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,
18.5%
R mm) EBITDA (%) EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,
4.4%
EBITDA (%) EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2
5.4%
(%) EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423
6.4%
EBIT (%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423 27.6%
25.1%
%) Net profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423 27.6% 23.5%
28.7%
profit (%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423 27.6% 23.5% 17.0%
27.9%
(%) 87.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423 27.6% 23.5% 17.0% 5.9%
445 bps
7.6 7,218 7,359 2,189 1,886 1,360 29.7% 25.6% 18.5% 4.4% 5.4% 6.4% 25.1% 28.7% 27.9% 445 bps 445 bps 311 bps 171.5 14,063 14,279 3,938 3,351 2,423 27.6% 23.5% 17.0% 5.9% 10.9% 8.
Guidance — 2 items
Scrip Code
opening
c o m CONFIDENTIAL 2 • Current Hedge Status • Total outstanding hedges now $214.8 mm at average INR 84.17/$; 100% forwards Hedge Updates Contract Matured Forwards Outstanding Forwards Total Outstanding Year FY23 Q3 FY23 Q4 Total FY23 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 Total FY24 FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 Total FY25 FY26 Q1 FY26 Q2 Total FY26 Currency USD USD USD USD Amount (mm) $40.8 $41.7 $159.0 $41.7 $41.7 $45.0 $45.0 $90.0 $36.0 $38.1 $24.0 $15.6 $113.7 $7.5 $3.6 $11.1 $214.8 Avg.
Note
opening
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.
Risks & concerns — 1 flagged
Offshore Delivery Cost Onshore Delivery Cost G&A S&D Depreciation Q2FY24 EBIT • Operating revenue up by 5.4% qoq, delivery costs flat • Delivery: 50 HC added onshore • G&A: Decrease by 60bps on account of reduced recruitment expense and tax advisory services in Q2 • Depreciation up by 6.5% - on account of full quarter impact of Airoli consolidation in Q2.
Scrip Code
Speaking time
Scrip Code
1
Note
1
About eClerx Services Ltd
1
Opening remarks
Scrip Code
BSE - 532927 NSE – ECLERX Further to our letter number eClerx/SECD/SE/2023/122 dated November 9, 2023, please find attached the earnings presentation and press release w.r.t Consolidated and Standalone Un-audited Financial Results for the quarter and half year ended September 30, 2023 for your records. Since Stock Exchange(s) portal for online submissions does not accept excel documents, we have made the “Investor Sheet” available on our website under the “Investor Relations” section. Thanking you, Yours faithfully For eClerx Services Limited Pratik Bhanushali VP-Legal & Company Secretary F8538 Encl: as above Corporate C>ffk:• o<:lenr S.tvlcff Umlted • • Floor. Express Towe,s. Narir'no.n Point, Mwnba1 - 400 021 Ph. •91 (022)66148301 IFax : • 91(022)861,4 8655 - .e<::le.-...com Regiate,red Office 9C..-x !5efVIOK Umfted Sonawala 9uldin0. , .. FIOcw. 29 BaM sueec. Fort. Mumb,a, • 400 0'2). Jqh•tMhtfa ~- Ph: •9t (022)8$14 8301 I Fax: •fU (022)6614 8655 . .aetx.com (ON: L7220C)MH.2()()()PC1
Note
• S&D Exp. includes employee cost of onsite business development team eClerx w w w . e c l e r x . c o m CONFIDENTIAL 5 • Balance Sheet & Other Updates • Total Cash and Cash Equivalents of INR 9,102 mm for Q2 FY24 vs INR 7,911 mm for Q1 FY24 - Equivalent to INR 188.8 per share Q2 FY24 vs INR 164.7 for Q1 FY24 - Net operating cash flow in Q2 FY24 is INR 1,605.6 mm vs INR 1,226.6 mm in Q1 FY24 o EBITDA conversion at 73.4% for Q2 FY24 vs 70.1% for Q1 FY24 - Capex during Q2 FY24 is INR 168 mm vs INR 351 mm in Q1 FY24 • EPS - Q2 Basic: 28.20 INR ; Diluted: 27.85 INR • Current book value per share Q2 FY24 INR 409.4 vs. INR 384.7 Q1 FY24 • Published our first BRSR (Business Responsibility and Sustainability Reporting) report - 32% energy from renewable sources - 30% reduction in waste compared to FY22 • CSR Update - CSR spend of INR 34.9 mm for existing and new projects in Q2 FY24 - Areas covered: Education, Skills development. Total lives touched / benefited ~ 12.1 k eClerx w w w . e c l e r
About eClerx Services Ltd
eClerx provides business process management, automation and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure and technology companies. Incorporated in 2000, eClerx is today traded on both the Bombay and National Stock Exchanges of India. The firm employs about 16,300 people across Australia, Canada, Germany, India, Italy, Netherlands, Philippines, Singapore, Thailand, UK and the USA. 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 diffe
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