eClerx Services at new high

about 29 days ago
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eClerx Services, which had closed yesterday at Rs.2145.90, opened higher at Rs.2350 and went on to hit a new high at Rs.2474.75.

The company posted a strong set of earnings for Q2Fy22. Its consolidated net profit rose 10% (QoQ) to Rs.101 crore on an 8% rise in net revenue at Rs.523 crore.

EBITDA was up 7% at Rs.167 crore while margins came in flat at 31.7% v/s 31.6%

In US$, operating revenue rose 43% to $69.3 million and Q2 constant currency (CC) growth is 8%.

Total cash and cash equivalents stood at Rs 805.20 crore v/s Rs.727 crore.

The total headcount at end of Q2 stood at 13,469, an increase of 60% (YoY).

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