ICICI Direct: eClerx Services Posts Robust Q2 Performance On Revenue, Margin Front
An employee talks through a headset while working a call center in Kolkata, India. (Photograph Taylor Weidman/Bloomberg)

ICICI Direct: eClerx Services Posts Robust Q2 Performance On Revenue, Margin Front


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 Q2 FY21 revenues, up 7.1% QoQ (in constant currency terms) and 8.1% QoQ in reported terms mainly led by growth in Europe (up 31.8% QoQ).

Ebit margins improved 490 basis points to 24.5% mainly led by higher utilisation, lower work from home cost and general and administrative cost.

Net profit increased 17.8% QoQ to Rs 61 crore. The company declared a dividend of Rs one per share.

The company expects H2 FY21E to be better than H1 FY21.

Click on the attachment to read the full report:

ICICI Direct eClerx Company Update.pdf


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