eClerx Services - Healthy Growth In Revenues Continues In Q3: ICICI Direct
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ICICI Direct Report
eClerx Services Ltd. reported healthy Q3 FY21 revenues, up 9.5% QoQ (in constant currency terms) and 9.9% QoQ in reported terms mainly led by growth in North America (up 9.9% QoQ) and Europe (up 9.9% QoQ).
Ebit margins improved 20 basis points to 24.7% mainly led by lower general and administrative expenses partially offset by higher selling and distribution expenses.
Net profit increased 16.5% QoQ to Rs 71 crore.
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