Eclerx Services Q1 Results Total Revenue ₹781.92 Crores & Operating Income ₹134.71 Crores

Eclerx Services Q1 Results: Eclerx Services' Q1 results for June 2024 show a mix of growth and declines when compared year-over-year (YoY) and quarter-on-quarter (QoQ). The company’s total revenue for this quarter was ₹781.92 crores, a 14.24% YoY increase from ₹684.48 crores in June 2023. However, the growth from the last quarter (March 2023) was only 2.01% (QoQ).

Eclerx Services’ selling, general, and administrative expenses increased significantly, rising to ₹497.85 crores, which is an 18% YoY rise from ₹421.93 crores in June 2023. This also showed a 9.73% QoQ increase from March 2023.

Eclerx Services reported ₹31.65 crores, a 5.61% decline QoQ, but it still showed an 11.31% YoY increase compared to June 2023. Eclerx Services’ Operating expenses increased to ₹647.21 crores, reflecting a 7.06% QoQ rise and an 18.62% YoY jump. However, the company’s operating income dropped by 16.85% QoQ and 2.98% YoY, down to ₹134.71 crores.

Eclerx's net income for the quarter stood at ₹111.61 crores, a 4.97% YoY increase. However, it decreased by 14.49% QoQ from March 2023. Their earnings per share (EPS) also saw a 4.12% YoY increase.

Here is a simple summary of Eclerx Services' Q1 results for June 2024, compared to previous periods:

Source: Here 

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Eclerx Services Q1 Results

The Eclerx Services table shows the financial results for two periods: the first quarter of the financial year 2025 (FY25 Q1) and the fourth quarter of the financial year 2024 (FY24 Q4). The company’s total revenue slightly increased from INR 7,896 million in FY24 Q4 to INR 8,031 million in FY25 Q1. However, operating revenue, which excludes other incomes, rose from INR 7,665 million to INR 7,819 million.

Eclerx Services’ cost of employees working in delivery and support was higher in FY25 Q1, increasing to INR 4,323 million compared to INR 3,942 million in FY24 Q4. This means more money was spent on salaries and related costs.

Eclerx Services’ General and administrative expenses (G&A), such as rent, electricity, and other services, also increased slightly. For example, rent and electricity costs went up to INR 150 million from INR 117 million. Selling and distribution expenses were also higher in FY25 Q1, reaching INR 1,048 million, compared to INR 1,016 million in the previous quarter.

Despite these increases in costs, Eclerx Services’ EBITDA (earnings before interest, tax, depreciation, and amortization) fell from INR 2,186 million to INR 1,873 million, indicating a decline in profitability. After accounting for depreciation and other non-cash expenses, the EBIT (earnings before interest and tax) dropped to INR 1,556 million from INR 1,850 million. Overall, the company earned less profit in FY25 Q1 compared to FY24 Q4.

Here’s a simplified and organized table based on the data you provided. The figures are presented in INR millions for FY25 Q1 and FY24 Q4, along with the Operating Percentage Ratio (OPR):

Eclerx Services Financial Metrics 

The eClerx Service table gives key financial information about eClerx Service. Its market cap is ₹13,271 crore, which means the total value of all its shares is that amount. The current price of one share is ₹2,707. The highest and lowest prices in a recent period were ₹2,997 and ₹1,754. The P/E ratio of 25.7 shows how much investors pay for each rupee of profit. The book value is ₹458, which means the company’s assets are worth this much per share. 

Here’s a breakdown of the key financial metrics you provided:

Quarterly Results 

For eClerx Services, the quarterly results for Dec 2023, Mar 2024, and Jun 2024 show the company's financial performance over three quarters. In Dec 2023, sales were ₹753 crores, rising slightly to ₹767 crores in Mar 2024, and ₹782 crores in Jun 2024. However, expenses also increased steadily, from ₹546 crores to ₹616 crores by June. This affected the operating profit, which dropped from ₹207 crores in Dec to ₹166 crores in June, with the operating profit margin (OPM) falling from 28% to 21%.

Here’s the transposed table for the quarters Dec 2023, Mar 2024, and Jun 2024:

About Eclerx Services 

eClerx Services provides business process management and technology solutions to help companies improve their operations. They focus on managing and transforming complex processes using their expertise in data management, customer support, and digital solutions. eClerx works with big global companies to address challenges related to outdated systems, new technologies, and data inaccuracies.

eClerx Services services include operations support, automation, and insights to help businesses run more smoothly and adapt to changes. With a strong presence in many countries, eClerx aims to deliver innovative solutions that drive business success.