New Delhi (Anish Yande): Shares of eClerx Services surged by 20 per cent on Friday's trading session following the announcement of robust quarterly results in 2021. eClerx Services shares opened at Rs 1,584 per share from its previous close of Rs 1,344 per share on Thursday. The shares of the IT consulting company rose to an intraday high of Rs 1,613 per share. The market cap of the company rose to Rs 5,671 crore.
eClerx Services reports robust revenue growth:
eClerx Services reported a consolidated profit after tax of Rs 209 crore in Q4 FY20. The cigarette company's consolidated profit after tax increased to Rs 282.6 crore in the January-March quarter of FY21. The consolidated profit after tax rose by 35.2% on a year-on-year basis.
For the full year 2020-21, eClerx Services has reported a net profit of Rs 282.56 crore increasing by 35.21 per cent as compared with the net profit of Rs 208.98 crores the financial year 2019-20.
The total revenue of eClerx Services rose to Rs 4,766 crore in Q4FY21. Total revenue is up by 20 per cent on a quarter-on-quarter basis. Sales during FY21 rose to Rs 1564.49 crore, increasing by 8.83 per cent.
eClerx Services sales rose to Rs 472.82 crore in the quarter ended March 2021, increasing by 34.73 per cent as compared to Rs 350.93 crore during the previous quarter ended March 2020.
eClerx Services EBITDA grows to Rs 123 crore:
eClerx Services' earnings before interest, taxation, depreciation and amortization during the quarter ended March 31, 2021, grew to Rs 123.06 crore, increasing by 55.87 per cent on year on year basis as compared to Rs 78.95 crore in March 2020. The EBITDA margins improved to 33.3 per cent up from 30.4 per cent on a sequential basis.
Operating revenue for the FY21 grew to Rs 1564.5 crores as compared to Rs 1437.6 crores in the corresponding period last year, increasing by 8.8% on a year-on-year basis.
The board of eClerx Services has recommended a dividend of Rs 1 per equity share of Rs 10 each for the financial year ended March 31, 2021, which is to the approval of the shareholders at the ensuing Annual General Meeting of the company.
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