ECLERX · Services
eClerx Services Ltd. reported revenue of ₹767 cr for January to March 2024, — on the year and +1.9% on the quarter.
Operating profit (EBITDA) was ₹196 cr, a margin of 25.6%, — on the year and −194 bps on the quarter.
Net profit was ₹130 cr, — on the year and −6.5% on the quarter, with earnings per share of ₹13.31.
On earnings per share of ₹52.14 over the last four quarters, the stock at ₹1,527.50 trades at 29.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹722 cr | ₹753 cr | ₹767 cr | ₹782 cr | ₹832 cr | ₹854 cr | ₹898 cr | ₹935 cr | ₹1,005 cr | ₹1,070 cr | ₹1,107 cr | ₹1,152 cr |
| YoY | — | — | — | +14% | +15% | +13% | +17% | +20% | +21% | +25% | +23% | +23% |
| EBITDA margin | 28.4% | 27.5% | 25.6% | 21.2% | 26.0% | 24.2% | 24.4% | 24.0% | 27.0% | 25.8% | 25.6% | 23.0% |
| Other income, % of PBT | 8% | 10% | 13% | 14% | 7% | 11% | 16% | 6% | 11% | 12% | 12% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 26% | 28% | 24% | 26% | 25% | 23% | 25% | 25% | 23% | 25% | 25% |
| Net profit | ₹136 cr | ₹139 cr | ₹130 cr | ₹112 cr | ₹140 cr | ₹137 cr | ₹153 cr | ₹142 cr | ₹183 cr | ₹192 cr | ₹190 cr | ₹164 cr |
| YoY | — | — | — | +5% | +3% | −1% | +18% | +27% | +31% | +40% | +24% | +15% |
| Core profit YoY | — | — | — | −5% | +4% | −3% | +7% | +39% | +25% | +35% | +33% | +14% |
| EPS | ₹13.86 | ₹14.13 | ₹13.31 | ₹11.38 | ₹14.72 | ₹14.38 | ₹15.97 | ₹14.87 | ₹19.22 | ₹20.40 | ₹20.13 | ₹17.47 |
| Flags | · | · | · | 1 | ✓ | 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
eClerx Services Ltd. reported revenue of ₹767 cr (— on the year) and net profit of ₹130 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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