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

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ECLERX SERVICES Announces Quarterly Results (4QFY20); Net Profit Down 6.6%
Wed, 10 Jun

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

ECLERX SERVICES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m3,6513,7553,509-6.5%-3.9%
Other incomeRs m9611716842.6%75.2%
TurnoverRs m3,7473,8723,677-5.0%-1.9%
ExpensesRs m2,8442,7252,7320.2%-3.9%
Gross profitRs m8081,029777-24.5%-3.7%
DepreciationRs m1281761855.2%45.0%
InterestRs m048492.1%35057.1%
Profit before taxRs m775923711-23.0%-8.4%
TaxRs m183222157-29.3%-14.2%
Profit after taxRs m593701554-21.0%-6.6%
Gross profit margin%22.127.422.2
Effective tax rate%23.624.022.1
Net profit margin%15.818.115.1
* 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 fell 3.9% on a year-on-year (YoY) basis. The expenses were down by 3.9% YoY during the same period.
  • The company's operating profit declined by 3.7% YoY during the quarter. Consequently, operating profit margins remained same and stood at 22.2% in 4QFY20.
  • Depreciation charges increased by 45.0% and finance costs increased by 35057.1% YoY, respectively.
  • Other income increased by 75.2% YoY during the quarter.
  • Net profit for the quarter declined by 6.6% YoY. Net profit margins during the quarter declined from 15.8% in 4QFY19 to 15.1% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.2% QoQ during the same period.
  • The company's operating profit declined by 24.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.2% in 4QFY20 as against 27.4% in 3QFY19.
  • Net profit for the quarter declined by 21.0% QoQ, while net profit margins declined from 18.1% in 3QFY19 to 15.1% in 4QFY20.

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 941.6 to Rs 412.0, registering a Loss of Rs 529.6 or around 56.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,757.0 (up 0.1%). Over the last one year it has moved down from 16,019.2 to 14,757.0, a loss of 1,262 points (down 7.9%).

Overall, the S&P BSE SENSEX is down 14.3% over the year.

Current Valuations

At the current price of Rs 412.0, the price to earnings (P/E) ratio of ECLERX SERVICES stands at 8.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 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)

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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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