eClerx Services Locked In 20% Upper Circuit After March Quarter Earnings

eClerx Services' revenue in constant currency terms grew 31.8 per cent with sequential growth of 19.3 per cent, the company said in an exchange filing.

Shares of the Mumbai-based information technology consulting and outsourcing firm eClerx Services were locked in a 20 per cent upper circuit at record high of Rs 1,617 after it announced earnings post market hours on Thursday. eClerx Services' consolidated net profit in quarter ended March 2021 jumped 78 per cent to Rs 98.75 crore compared with Rs 55.39 crore during the same quarter last year. Its revenue from operations advanced 35 per cent to Rs 473 crore versus Rs 351 crore in the year ago period.  eClerx Services' revenue in constant currency terms grew 31.8 per cent with sequential growth of 19.3 per cent, the company said in an exchange filing.  For financial year 2021, operating revenue came in at Rs 1,564.5 crore versus Rs 1,437.6 crore in the previous financial year. Profit in the fiscal 2021 came in at Rs 282.6 crore up 35.2 per cent annually.  The company undertook normal wage increments and announced dividend of 1 rupee per share.