eClerx hits a new high

about 11 days ago
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eClerx Services, which had closed yesterday at Rs.1347.80, opened 17% higher and soon hit its 20% UC of the day and a new high at Rs.1617.35, where it now remains frozen.

The market is super enthused with its Q4FY21 performance. On a 20% (QoQ) jump in total revenue at Rs.477 crore, it posted a net profit of Rs.99 crore, up 39%.

EBITA came in at Rs.159 crore, up 31% while EBIT was up 34% at Rs.135 crore.

It’s the margins which showed a fantastic jump up – EBIT margin went up 300 bps to 28.3%

The company’s total delivery headcount as of March 31, 2021 stands at 11,831 – an increase of 40% (YoY).

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