Quarterly Results: eClerx Services Ltd
Shital Jibhe / 07 Nov 2016
eClerx Services Ltd., is currently trading at Rs. 1499, up by 1.6 points or 0.11% from its earlier closing of Rs. 1497.4 on the BSE. The quarter's revenue has dipped 2% qoq to Rs 333.53 cr. This was driven by 1.7% qoq dip in cc revenue (USD basis).
Technical View:
eClerx Services Ltd., is currently trading at Rs. 1499, up by 1.6 points or 0.11% from its earlier closing of Rs. 1497.4 on the BSE.
The scrip has touched a high and low of Rs. 1537.8 and Rs. 1488 respectively, after opening at 1497. In totality 37886(NSE+BSE) shares were traded on the counter; and the stock is currently trading above its 50 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
eClerx Services Ltd’s Q2FY17 consolidated result has come in as a mixed bag as against Bloomberg estimates. Revenue has come in lower than estimate of Rs 342 cr. EBITDA stands 16.8% greater than the estimated numbers of Rs 109 cr. Net profit is 5.9% above the estimated figure of Rs 92 cr.
The quarter's revenue has dipped 2% qoq to Rs 333.53 cr. This was driven by 1.7% qoq dip in cc revenue (USD basis).
eClerx Services' EBITDA has surged by 0.8% qoq to Rs 126.94 cr and EBITDA margins have expanded by 106 bps qoq to 38.1%.
The company's net profit has surged 1.3% qoq to Rs 97.15 cr.
Management envisages continuing head winds in the near term.