Mumbai, October 27 (Monday): Shares of eClerx Services Limited surged 5.01% to an all-time high of ₹4,725 in Monday’s session after the company reported robust Q2 FY26 financial results and announced a ₹300 crore share buyback plan. The stock gained ₹222.90 from its previous close of ₹4,446.60, taking its market capitalization to ₹217.86 billion on the NSE.
The IT and business process management firm reported a 30.62% year-on-year (YoY) rise in consolidated net profit to ₹183.19 crore, while revenue from operations grew 20.8% YoY to ₹1,004.85 crore in Q2 FY26. Profit before tax stood at ₹245 crore, up 30.42% from ₹187.86 crore in the same period last year.
In dollar terms, operating revenue rose 16.9% YoY to USD 115.5 million, reflecting strong business momentum across verticals. Including other income, total revenue touched ₹1,035.2 crore, a 22.6% YoY increase.
₹300 crore buyback plan
The company’s Board of Directors approved a ₹300 crore share buyback at a price of ₹4,500 per share, through the tender offer route. This represents 21.08% of the company’s paid-up equity capital and 13.80% of its consolidated reserves as of March 31, 2025.
A minimum of 15% of the shares will be reserved for small shareholders. Importantly, promoters and promoter group members will not participate in the buyback.
eClerx has appointed Emkay Global Financial Services as the manager to the buyback and Savita Jyoti Associates as the scrutiniser for postal ballot and e-voting. A Buyback Committee has also been set up to oversee the process.
As of October 17, 2025, promoter shareholding stood at 53.81%, public shareholding at 44.69%, and ESOP trust at 1.5%.
Market outlook
The strong Q2 earnings combined with the buyback announcement boosted investor sentiment, pushing eClerx shares to record highs. Analysts expect the move to improve earnings per share (EPS) and return on equity (ROE) metrics while underscoring the company’s confidence in its financial strength.
Stock Update:
- Current Price: ₹4,669.50
- Change: +5.01% (+₹222.90)
- Day Range: ₹4,530 – ₹4,725
- Year Range: ₹2,168 – ₹4,725 (All-Time High)
- Market Cap: ₹217.86 billion
- P/E Ratio: 39.11
- Dividend Yield: 0.02%
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