eClerx Services shares hit upper circuit after Q1 profit jumps 30% YoY – Moneycontrol.com

The stock price was trading at Rs 620.50, up Rs 103.40, or 20 percent. There were pending buy orders of 37,252 shares, with no sellers available.

eClerx Services share price surged 20 percent intraday on August 13, a day after the company came out with its June quarter earnings.

The company reported consolidated net profit at Rs 51.77 crore, up 30.05 percent YoY, as compared to Q1 FY20. The net profit margin in Q1 FY21 came in at 15.38 percent gaining 4.16 percent YoY.

Consolidated net revenue stood at Rs 336.55 crore in Q1 FY21. EBITDA came in at Rs 81.4 crore in Q1 FY21 which was up by 25.62 percent YoY. EBITDA margin stood at 24.19 percent which was up by 5.92 percent YoY.

The stock price was trading at Rs 620.50, up Rs 103.40, or 20 percent. There were pending buy orders of 37,252 shares, with no sellers available.

According to Moneycontrol SWOT Analysis powered by Trendlyne, the company has zero promoter pledge with the stock showing strong momentum: price above short, medium and long term moving averages.

Moneycontrol technical rating is bullish with moving averages and technical indicators being bullish.

Disclaimer: The views and investment tips expressed by experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.