Investor Presentation

eClerx/SECD/SE/2026/167 October 28, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, Plot No. C/1, Phiroze Jeejeebhoy Towers, Block G, Bandra - Kurla Complex 25th Floor, Dalal Street, Bandra (East), Fort, Mumbai - 400 001 Mumbai – 400 051 Dear Sir/Madam, Sub: Earnings Presentation and Press release w.r.t Consolidated and Standalone Un-Audited Financial Results for the quarter/period ended September 30, 2026 Scrip Code: BSE – 532927 NSE – ECLERX Further to our letter number eClerx/SECD/SE/2026/166 dated October 28, 2026, please find attached the earnings presentation and press release w.r.t Consolidated and Standalone Un-Audited Financial Results for the quarter/period ended September 30, 2026 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. This is for your records. Thanking you, Yours faithfully For eClerx Services Limited Pratik Bhanushali VP- Legal & Company Secretary F8538 Encl: as above Registered office address Ph: +91 (022) 6614 83011 eClerx Services Limited Fax: +91 (022) 6614 8655 Sonawala Building, 1st Floor, 29 Bank Street, Fort, Email: Contact@eclerx.com Amplify Business Results Mumbai – 400 02 3 , M a h a r a s h t r a , I n d i a C I N : ( L 7 2 2 0 0MH2000PLC125319) www.eclerx.com INVESTOR RELATIONS FINANCIAL PERFORMANCE – Q2 FY27 OCTOBER 28, 2026 Financial Summary Metrics FY27 Q2 Q-o-Q FY27 H1 Y-o-Y OPG revenue (USD mm) $127.7 1.5% $253.6 12.8% Revenue OPG revenue (INR mm) 11,887 3.2% 23,410 20.7% Total revenue (INR mm) 12,126 3.6% 23,829 20.3% OPG EBITDA (INR mm) 2,839 7.0% 5,491 11.6% EBITDA (INR mm) 3,079 8.8% 5,910 10.9% Profit EBIT (INR mm) 2,521 8.0% 4,855 7.1% PAT (INR mm) 1,804 9.8% 3,447 6.1% OPG EBITDA (%) 23.9% 87 bps 23.5% -191 Bps EBITDA (%) 25.4% 120 bps 24.8% -211 bps Margin (%) EBIT (%) 20.8% 83 bps 20.4% -253 bps PAT (%) 14.9% 83 bps 14.5% -194 bps * EBIT includes other income and excludes rental interest under IND AS116 • Q2FY27 YoY constant currency (CC) growth of 12.9%; QoQ CC growth of 1.6% www.eclerx.com CONFIDENTIAL 1 Key Financial Indicators (1) OPG Revenue in INR (Mn) EBITDA (INR Mn) 41,170 14,000 12,000 11,526 33,659 11,073 10,000 8,946 3,121 8,983 8,404 23,410 8,097 Q4 10,703 8,000 2,505 8,538 2,119 2,186 3,075 5,910 Q3 11,887 6,000 Q2 29,225 10,049 2,084 2,280 2,281 26,479 8,318 4,000 2,983 3,079 Q1 2,023 2,189 2,288 7,819 9,346 11,524 2,000 1,870 1,750 1,873 2,346 2,831 FY23 FY24 FY25 FY26 YTD FY27 FY23 FY24 FY25 FY26 YTD FY27 Return on Equity (%) PAT (INR Mn) 8,000 7,062 7,000 6,000 5,411 1,894 4,888 5,115 5,000 1,522 Q4 1,305 1,325 1,920 4,000 3,447 29.7% 25.8% 23.7% 29.0% 23.8% 24.7% 3,000 1,312 1,386 1,371 1,804 Q2 1,832 2,000 1,259 1,360 1,402 Q1 1,000 992 1,063 1,116 1,417 1,643 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 FY23 FY24 FY25 FY26 YTD FY27 www.eclerx.com CONFIDENTIAL 2 Key Financial Indicators (2) Cash and Cash Equivalents and Net Operating Cash Book value and Cash & Cash Equivalents (INR) flow (INR Mn) 14,318 278 12,810 12,589 246 10,839 10,508 8,729 6,563 6,546 139 137 112 112 5,050 5,259 2,694 1,073 FY23 FY24 FY25* FY26* Q1 FY27 Q2 FY27 FY23 FY24 FY25* FY26* Q1 FY27 Q2 FY27 Cash and Cash Equivalents Net Operating Cash Flow Current Book Value per share Cash and Cash Equivalents per share EBITDA conversion (%) EPS (INR) Capex (INR Mn) Basic Diluted 1,169 87.5% 73.2% 75.7% 76.2 74.4 404 919 62.4% 62.6% 57.1 56.0 267 585 1,202 37.9% 684 336 17.9 17.6 19.6 19.3 FY23 FY24 FY25 FY26 YTD FY27 FY23 FY24 FY25 FY26 Q1 FY27 Q2 FY27 FY25 FY26 Q1 FY27 Q2 FY27 *Effective Q4FY25 we have included Deposits more than 12 months Changes in historical numbers due to Bonus issued in Q4 FY26 www.eclerx.com CONFIDENTIAL 3 Other Income Figures in INR millions. Other Income FY27 Q2 FY27 Q1 FY26 Q4 FY26 Q3 FY26 Q2 Investment Income 106.3 98.8 122.1 124.0 108.4 Revaluation Income* 90.3 35.7 105.7 64.1 186.1 Others 43.3 44.1 53.0 125.3 9.4 Total 239.9 178.6 280.8 313.4 303.9 * Gain / Loss regrouped as other income/expenses based on profit or loss position in the press release financials • Revaluation Income: Increased due to INR depreciation against USD. • Revaluation and Realised Gain - USD/INR FY27 Q2 Exit: 95.87 vs. FY27 Q1 Exit: 94.56 - EUR/INR FY27 Q2 Exit:108.88 vs. FY27 Q1 Exit:108.01 - GBP/INR FY27 Q2 Exit:127.26 vs. FY27 Q1 Exit:125.47 www.eclerx.com CONFIDENTIAL 4 Amounts in $ mm Revenue, A&A and ACV Revenue by Industries A&A Revenue Q1'26 Q2’26 Q3’26 Q4’26 FY26 Q1’27 Q2’27 89.5 BFSI 43.2% 41.4% 40.1% 38.7% 40.8% 37.6% 38.1% 73.2 24.2 65.3 61.9 CMT 25.4% 25.9% 25.0% 26.6% 25.7% 26.2% 25.8% 19.0 53.1 20.0 16.2 23.6 HiTechand M&D 16.5% 16.7% 16.8% 16.0% 16.5% 16.3% 16.0% 19.8 16.2 27.2 Fashion & Luxury and 21.4 9.0% 8.4% 8.7% 8.4% 8.6% 8.2% 7.5% 18.1 Retail 14.8 25.9 Emerging 5.9% 7.7% 9.5% 10.2% 8.4% 11.7% 12.6% 14.8 16.3 20.2 FY23 FY24 FY25 FY26 FY27 YTD Total 100% 100% 100% 100% 100% 100% 100% ACV of new deals (excludes CLX) 82.4 MM 91.0 MM 137.4 MM 169.9 MM 71.6 MM 48.6 46.0 45.5 46.1 40.8 33.0 32.3 29.3 28.9 30.8 26.8 24.4 22.9 21.6 19.6 18.3 18.2 19.0 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 Q2'FY27 www.eclerx.com CONFIDENTIAL 5 Hedge Updates Current Hedge Status • Current total outstanding hedges at $282.7 mm at average INR 95.46/$; 100% forwards Contract Year Currency Amount (mm) Avg. Rate (INR) FY26 Q2 $52.80 85.94 FY26 Q3 $52.80 86.22 FY26 Q4 $47.60 87.38 Matured Forwards Total FY26 USD $206.00 $86.17 FY27 Q1 $60.40 88.26 FY27 Q2 $56.00 89.92 FY27 Q3 $57.60 91.66 FY27 Q4 $57.60 93.51 Total FY27 USD $115.2 92.58 FY28 Q1 $45.40 94.70 FY28 Q2 $48.60 97.08 Outstanding Forwards FY28 Q3 $34.80 98.40 FY28 Q4 $22.50 99.62 Total FY28 USD $151.3 97.05 FY29 Q1 $10.8 100.86 FY29 Q2 $5.40 101.55 Total FY29 USD $16.2 101.09 Total Outstanding USD $282.7 95.46 www.eclerx.com CONFIDENTIAL 6 P&L Comparison Figures in INR millions. Operating P&L FY27 Q2 OPR (%) FY27 Q1 OPR (%) Operating Revenue $ $127.7 $125.9 Total Revenue* 12,126 11,702 Operating Revenue 11,887 11,524 Cost of Revenues Delivery and Support Employees Cost 6,470 54.4% 6,401 55.6% General and Administrative Expenses Facilities (Rent and Electricity) 172 1.4% 160 1.4% Technological Services (Communications, AMC) 296 2.5% 289 2.5% Administrative Services (Transport, HK, Security) 137 1.2% 131 1.1% Legal and Professional Fees 224 1.9% 190 1.6% Provision / Written off for Bad Debt (0) 0.0% 5 0.0% CSR 29 0.2% 28 0.2% Others 181 1.5% 189 1.6% Total G&A 1,038 8.7% 990 8.6% Selling and Distribution 1,541 13.0% 1,480 12.8% Operating EBITDA 2,839 23.9% 2,652 23.0% EBITDA^ 3,079 25.4% 2,831 24.2% Depreciation and Amortization (Inc. rent as per IND AS116) 558 4.7% 496 4.3% EBIT^ 2,521 20.8% 2,335 20.0% * Forex Gain / Loss and gain / loss on sale of tangible assets regrouped as other income/expenses in the press release financials ^ EBITDA and EBIT % on Total Revenue www.eclerx.com CONFIDENTIAL 7 Key Revenue Metrics FY27 Q2 FY27 Q1 FY26 Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY25 Q4 FY25 Q3 FY25 Q2 USD 88% 87% 86% 86% 86% 86% 86% 86% 87% EURO 7% 8% 8% 8% 8% 8% 8% 8% 8% Currency Contribution (%) GBP 3% 3% 3% 3% 3% 3% 3% 3% 3% Others 2% 2% 3% 3% 3% 3% 3% 3% 2% North America 82% 78% 78% 80% 80% 79% 78% 76% 76% Geographic Concentration* Europe 14% 16% 17% 14% 14% 15% 14% 16% 16% ROW 4% 6% 5% 6% 6% 6% 8% 8% 8% Client Concentration Top 10 contribution 60% 60% 59% 60% 63% 63% 64% 62% 63% BPaaS 19% 19% 18% 19% 18% 19% 19% 19% 20% Billing Mix Onshore Revenue 17% 18% 18% 18% 19% 20% 21% 21% 20% US$ 500k-1mm Clients 41 42 44 44 44 42 37 36 36 Client Contribution US$ 1mm-3mm Clients 32 28 27 27 26 24 25 24 25 (based on TTM revenue) US$ 3mm ++ Clients 25 25 24 22 20 19 18 18 18 DSO Days 79 79 81 78 76 86 80 83 77 *Other smaller currencies, geographies and client contribution not sho [Showing first 8,000 characters — download PDF for full document]