eClerx Services Locked In 20% Upper Circuit After March Quarter Earnings
Shares of the Mumbai-based information technology consulting and outsourcing firm eClerx Services were locked in a 20 per cent upper circuit at record high of Rs 1,617 after it announced earnings post market hours on Thursday. eClerx Services' consolidated net profit in quarter ended March 2021 jumped 78 per cent to Rs 98.75 crore compared with Rs 55.39 crore during the same quarter last year. Its revenue from operations advanced 35 per cent to Rs 473 crore versus Rs 351 crore in the year ago period.Â
eClerx Services' revenue in constant currency terms grew 31.8 per cent with sequential growth of 19.3 per cent, the company said in an exchange filing.Â
For financial year 2021, operating revenue came in at Rs 1,564.5 crore versus Rs 1,437.6 crore in the previous financial year. Profit in the fiscal 2021 came in at Rs 282.6 crore up 35.2 per cent annually.Â
The company undertook normal wage increments and announced dividend of 1 rupee per share. Â
eClerx empowers the world's largest enterprises with intelligent operations and Insights, providing core business process solutions and data analytics from its global delivery centres.Â
As of 1:21 pm, eClerx Services shares were locked in 20 per cent upper circuit with pending buy orders of 12,960 shares.Â
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
