{"id":113547,"date":"2023-11-10T13:48:18","date_gmt":"2023-11-10T08:18:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113547"},"modified":"2023-11-10T14:35:52","modified_gmt":"2023-11-10T09:05:52","slug":"it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2\/","title":{"rendered":"IT stock jumps up to 8% after company reports 28% increase in net profits in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3063906170\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of this leading IT consulting firm gained 8 percent to Rs 2,195 on Friday after the announcement of the Q2 report.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4109887524\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to the company&#8217;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.&nbsp;<\/p><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2924002133\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Also, the company is debt-free and delivered a Net profit margin of 18.63 percent Avg for the last 3 years.&nbsp;<\/p><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><p>eClerx Service Limited provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world\u2019s leading financial services, communications, retail, fashion, media &amp; entertainment, manufacturing, travel &amp; leisure, and technology companies.&nbsp;<\/p><p><strong>Written by Sriram KV<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2304305069\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of this leading IT consulting firm gained 8 percent to Rs 2,195 on Friday after the announcement of the Q2 report.&nbsp; According to the company&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-113547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IT stock jumps up to 8% after company reports 28% increase in net profits in Q2 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this leading IT consulting firm gained 8 percent to Rs 2,195 on Friday after the announcement of the Q2 report.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock jumps up to 8% after company reports 28% increase in net profits in Q2\" \/>\n<meta property=\"og:description\" content=\"The shares of this leading IT consulting firm gained 8 percent to Rs 2,195 on Friday after the announcement of the Q2 report.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T08:18:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T09:05:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/IT-SECTOR-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-8-after-company-reports-28-increase-in-net-profits-in-q2\/\",\"name\":\"IT stock jumps up to 8% after company reports 28% increase in net profits in Q2 - 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