Eclerx is trading 5 per cent higher Intraday after good Q2 results

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 and they support through two business unit Financial Services and Sales and Marketing Support.

Recently eClerx announced its Q2FY16 results, the total income of the company rose by 10.13 per cent to Rs 321.58 crore in Q2FY16 against Rs 298.29 crore in Q1FY16. The total expenses increased by 4.73 per cent to Rs 219 crore on quarterly basis. The EBITDA of eClerx grew by 22.96 per cent to Rs 122.12 crore, EBITDA margin expanded by 388 basis points to 37.17 per cent on sequential basis.

The profit before interest and taxes increased by 22.82 per cent to Rs 109.4 crore, the other income of the company reduced by 28.47 per cent to Rs 11.38 crore Q-o-Q basis. The tax expenses decreased by 11.84 per cent to Rs 27.85 crore on quarterly basis. The Net Profit of eClerx jumped by 26.6 per cent to Rs 92.72 crore in Q2FY16 compared to Rs 62.29 crore in Q1FY16.

The Company has acquired the entire shareholding of CLX Europe S.P.A a joint stock Company based in Italy effective April 22, 2015 through its overseas subsidiary eClerx Investment (UK) Limited for a consideration of Euro 175.73 lacs.The total headcount as of September 30, 2015 stood at 8743, grew by 17 per cent on yearly basis

eClerx's board of directors at a meeting held on 2nd November 2015, recommended for issue of bonus shares in the ratio of 1:3 i.e. one bonus share for every three existing shares held in the company.

The FII holdings of eClerx increased by 6 basis points to 26.98 per cent, DII holdings reduced by 5 basis points to 12.14 per cent as on 30th September 2015. Today, after announcing a strong Q2 result is trading at Rs 1897, around 5 per cent higher on BSE.