eClerx's FY20 revenue stands at INR 1483.0 crore and net profit down by 8.4% at INR 209.0 crore

eClerx Services Ltd. (eCx), an industry-focused specialist services firm managing and improving complex data-driven processes, today announced its results for fiscal 2020. 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.

Consolidated financial highlights for the year ended March 31, 2020

- Operating revenue for the year ended March 31, 2020 was INR 1437.6 crore vs. INR 1430.6 crore in the corresponding period last year, YoY growth of 0.5%. In USD terms, operating revenue decreased by 0.1% to USD 200.5 Million as compared to USD 200.7 Million in the corresponding period last year. Total revenue including other income for the period was INR 1483.0 crore, YoY increase by 0.3%.

- EBIT for the period is INR 299.3 crore, a decline of 3.9% YoY.

- Profit after tax for the year ended March 31, 2020 was INR 209.0 crore compared with INR 228.2 crore in the corresponding period in the previous year, a drop of 8.4% YoY.

- Basic EPS for the year ended March 31, 2020 was INR 57.5 as compared to INR 60.1 in the corresponding period last year.

- The total delivery headcount as of March 31, 2020 stands at 8,469 - a decrease of 10% YoY.

Shares of ECLERX SERVICES LTD. was last trading in BSE at Rs.432.35 as compared to the previous close of Rs. 416.55. The total number of shares traded during the day was 10169 in over 1048 trades.

The stock hit an intraday high of Rs. 435.75 and intraday low of 423.95. The net turnover during the day was Rs. 4367727.

Source : Equity Bulls

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