The shares of this leading IT consulting firm gained 8 percent to Rs 2,195 on Friday after the announcement of the Q2 report.
According to the company’s exchange filing net revenue of the company rose 11 percent year on year from Rs 650.2 crores in Q2FY23 to Rs 721.7 crores in Q2FY24. On a quarter-on-quarter basis, their revenue rose 5.4 percent from Rs 684.4 crore in Q1FY24 to current levels.
Also, the net profit rose 7 percent year on year from Rs 126 crores Q2FY23 to Rs 136 crores Q2FY24, On a sequential basis quarter on quarter their net profit rose by 28 percent from Rs 106 crores Q1FY24 to current levels.
eClerx Service Limited is a small-cap company with a Market capitalization of Rs 10,468 crores. It also has a return on equity (ROE) of 30.04 percent and a return on capital employed (ROCE) of 41.12 percent.
Also, the company is debt-free and delivered a Net profit margin of 18.63 percent Avg for the last 3 years.
The promoters of eClerx Service Limited hold a 53.61 percent stake followed by the foreign institutional investors with 12.13 percent and the remaining lies with the retail investors.
The share of eClerx Service Limited has risen by 57.95 percent in the last six months and 66.71 percent in the year to date.
eClerx Service Limited 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.
Written by Sriram KV
