ECLERX SERVICES Announces Quarterly Results (3QFY20); Net Profit Up 79.9%

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ECLERX SERVICES Announces Quarterly Results (3QFY20); Net Profit Up 79.9%
Fri, 31 Jan

ECLERX SERVICES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

ECLERX SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,5763,5653,7555.3%5.0%
Other incomeRs m08611736.5%61726.3%
TurnoverRs m3,5773,6513,8726.1%8.3%
ExpensesRs m2,9102,7842,725-2.1%-6.3%
Gross profitRs m6677811,02931.8%54.3%
DepreciationRs m123177176-0.4%42.8%
InterestRs m047481.5%43709.1%
Profit before taxRs m54464392343.5%69.7%
TaxRs m1542062227.8%43.9%
Profit after taxRs m39043770160.3%79.9%
Gross profit margin%18.621.927.4
Effective tax rate%28.432.024.0
Net profit margin%10.912.018.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.0% on a year-on-year (YoY) basis. The expenses were down by 6.3% YoY during the same period.
  • The company's operating profit increased by 54.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 3QFY20 as against 18.6% in 3QFY19.
  • Depreciation charges increased by 42.8% and finance costs increased by 43709.1% YoY, respectively.
  • Other income increased by 61726.3% YoY during the quarter.
  • Net profit for the quarter increased by 79.9% YoY. Net profit margins during the quarter increased from 10.9% in 3QFY19 to 18.1% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.1% QoQ during the same period.
  • The company's operating profit increased by 31.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 27.4% in 3QFY20 as against 21.9% in 2QFY19.
  • Net profit for the quarter increased by 60.3% QoQ, while net profit margins increased from 12.0% in 2QFY19 to 18.1% in 3QFY20.

To see how ECLERX SERVICES has performed over the last eight quarters,please visit here.

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ECLERX SERVICES Share Price Performance

Over the last one year,ECLERX SERVICES share price has moved down from Rs 1,084.0 to Rs 645.0, registering a Loss of Rs 439.0 or around 40.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,938.3 (down 0.8%). Over the last one year it has moved up from 15,264.1 to 15,938.3, a gain of 674 points (up 4.4%).

Overall, the S&P BSE SENSEX is up 15.0% over the year.

Current Valuations

At the current price of Rs 645.0, the price to earnings (P/E) ratio of ECLERX SERVICES stands at 12.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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ECLERX SERVICES Announces Quarterly Results (3QFY21); Net Profit Up 1.6% (Quarterly Result Update)

Jan 29, 2021 | Updated on Jan 29, 2021

For the quarter ended December 2020, ECLERX SERVICES has posted a net profit of Rs 712 m (up 1.6% YoY). Sales on the other hand came in at Rs 4 bn (up 5.0% YoY). Read on for a complete analysis of ECLERX SERVICES's quarterly results.

ECLERX SERVICES Announces Quarterly Results (2QFY21); Net Profit Up 40.6% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, ECLERX SERVICES has posted a net profit of Rs 615 m (up 40.6% YoY). Sales on the other hand came in at Rs 4 bn (up 1.2% YoY). Read on for a complete analysis of ECLERX SERVICES's quarterly results.

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