eClerx Services Q4 Review - Healthy Organic Revenue Growth: ICICI Direct
An employee wears a headset while working at a call center in Kolkata. (Photograph: Taylor Weidman/Bloomberg)

eClerx Services Q4 Review - Healthy Organic Revenue Growth: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

eClerx Services Ltd. reported healthy Q4 FY21 revenue, up 19.3% QoQ (in constant currency terms) and 19.7% QoQ in reported terms.

Out of this, organic growth was 6.3% QoQ and rest was through acquisition of Personiv.

Ebit margins improved 295 basis points to 27.6% mainly led by lower sales and distribution expenses and higher gross margins.

Profit after tax increased 39% QoQ to Rs 98.8 crore. The company has proposed a dividend of Rs 1/share.

Click on the attachment to read the full report:

ICICI Direct eClerx Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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