Outstanding Q1 performance, eClerx trading 9 per cent higher intraday

eClerx services is a Knowledge Outsourcing Company (KPO) which handles data management and data analysis - processes on which global online marketers base their day-to-day and strategic decisions. They support two business units Financial Services and Sales and Marketing Support.

Recently, eClerx announced its First Quarter FY16 result, INR revenue rose by 19 per cent to Rs 298.2 crore against Rs 251 crore, USD revenue up by 14.2 per cent to USD 4.64 crore Q-o-Q, due to 11 per cent CLX contribution. eClerx acquired CLX Europe S.P.A, a Creative services firm this quarter and the consolidated numbers above include its effect from 22nd April, 2015. The organic constant currency growth was 4 per cent during the quarter.

The company’s total expenses rose by 8.47 per cent to Rs 209.2 crore on quarterly basis. The EBITDA rose by 36 per cent to Rs 99.32 crore, wherein the EBITDA margin expanded by 425 basis points to 33.3 per cent Q-o-Q basis. The operating profit margin was 1 per cent higher due to change in goodwill amortization policy. The net profit increased by 37.72 per cent to Rs 73.24 crore against Rs 53.18 crore on sequential basis.

During the quarter the company changed its shareholding pattern, where the FII holdings reduced by 27 basis points to 26.92 per cent. DII holdings increased by 57 basis points to 12.19 per cent.

Yesterday, after the result announcement eClerx closed 4 per cent higher at Rs 1590. Today eClerx is trading around 9 per cent up at Rs 1728.