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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Markets will remain closed on 21st April, 2021 on account of Ram Navami.

ECLERX SERVICES Announces Quarterly Results (3QFY21); Net Profit Up 1.6%
Fri, 29 Jan

ECLERX SERVICES has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

ECLERX SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m3,7553,6083,9439.3%5.0%
Other incomeRs m117578956.9%-24.2%
TurnoverRs m3,8723,6654,03210.0%4.1%
ExpensesRs m2,7252,5872,8229.1%3.6%
Gross profitRs m1,0291,0201,1219.8%8.9%
DepreciationRs m1761962023.1%15.1%
InterestRs m484948-2.3%0.2%
Profit before taxRs m92383295915.4%4.0%
TaxRs m22221724713.9%11.5%
Profit after taxRs m70161571215.9%1.6%
Gross profit margin%27.428.328.4
Effective tax rate%24.026.125.8
Net profit margin%18.116.817.7
* 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 up by 3.6% YoY during the same period.
  • The company's operating profit increased by 8.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 3QFY21 as against 27.4% in 3QFY20.
  • Depreciation charges increased by 15.1% and finance costs increased by 0.2% YoY, respectively.
  • Other income declined by 24.2% YoY during the quarter.
  • Net profit for the quarter increased by 1.6% YoY. Net profit margins during the quarter declined from 18.1% in 3QFY20 to 17.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.1% QoQ during the same period.
  • The company's operating profit increased by 9.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.4% in 3QFY21 as against 28.3% in 2QFY20.
  • Net profit for the quarter increased by 15.9% QoQ, while net profit margins increased from 16.8% in 2QFY20 to 17.7% in 3QFY21.

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

LIVE on April 23rd: Has Covid impacted India's long-term growth potential?

ECLERX SERVICES Share Price Performance

Over the last one year, ECLERX SERVICES share price has moved up from Rs 666.3 to Rs 987.0, registering a Gain of Rs 320.7 or around 48.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 25,380.1 (down 0.3%). Over the last one year it has moved up from 16,233.5 to 25,380.1, a gain of 9,147 points (up 56.3%).

Overall, the S&P BSE SENSEX is up 14.1% over the year.

Current Valuations

At the current price of Rs 987.0, the price to earnings (P/E) ratio of ECLERX SERVICES stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

Equitymaster requests your view! Post a comment on "ECLERX SERVICES Announces Quarterly Results (3QFY21); Net Profit Up 1.6%". Click here!

  

Related Views on News

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.

ECLERX SERVICES Announces Quarterly Results (4QFY20); Net Profit Down 6.6% (Quarterly Result Update)

Jun 10, 2020 | Updated on Jun 10, 2020

For the quarter ended March 2020, ECLERX SERVICES has posted a net profit of Rs 554 m (down 6.6% YoY). Sales on the other hand came in at Rs 4 bn (down 3.9% YoY). Read on for a complete analysis of ECLERX SERVICES's quarterly results.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ECLERX SERVICES SHARE PRICE


Apr 20, 2021 (Close)

TRACK ECLERX SERVICES

  • Track your investment in ECLERX SERVICES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON ECLERX SERVICES

ECLERX SERVICES - L&T INFOTECH COMPARISON

COMPARE ECLERX SERVICES WITH

MARKET STATS