Among other trending stocks, check out the share trend of eClerx Services Ltd.
eClerx Services Ltd. – Highlights
The massive rally in the stock was a day after the company declared its march ended Q4 FY 21 results.
The company reported strong March quarter (Q4FY21) results, with revenues increasing 19.3% quarter on quarter (QoQ) in constant currency terms and 19.7% in reported terms. As of today’s date, this is the share price of eClerx Services Ltd.
The company’s profit after tax increased by 39% year on year to Rs 98.8 crore in Q4FY21. EBIT (earnings before interest and taxes) margins increased 295 basis points (bps) to 27.6%, primarily due to lower sales and development expenses and higher gross margins. According to the company, total delivery headcount as of March 31, 2021 is 11,831 – a 40% increase year on year.
The board of directors recommended a dividend of Rs 1 per equity share of face value Rs 10 each for the fiscal year ended March 31, 2021, subject to shareholder approval at the ensuing Annual General Meeting (AGM) of the Company, according to an exchange filing.
Anjan Malik and PD Mundhra founded eClerx in 2000 with the goal of transitioning, managing, and transforming complex business processes. Both identified significant opportunities for providing innovative services and solutions to large global companies undergoing rapid business transformation, which is being hampered by legacy systems, new technology, data inaccuracies, and ever-changing processes and workflows. From humble beginnings in a small office in Mumbai, eClerx now employs thousands of people across the United States, United Kingdom, India, Italy, Ireland, Thailand, and Singapore.
Over fifty global Fortune 500 clients, including some of the world’s leading companies in financial services, cable & telecom, retail, fashion, media & entertainment, manufacturing, travel & leisure, software, and high-tech, rely on the company for critical business operations services.
From its offshore delivery centres in India, the company provides data analytics and customised process solutions to global enterprise clients. Data analytics, operations management, data audits, metrics management, and reporting services are all part of the service portfolio.
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