eClerx Services gains after decent quarterly earnings

eClerx Services rose 3.18% to Rs 1216.95 at 14:50 IST on BSE after consolidated net profit rose 3.41% to Rs 64.45 crore on 1.17% decline in total income from operations to Rs 216.93 crore in Q4 March 2014 over Q3 December 2013.

The Q4 result was announced during market hours today, 20 May 2014.

Meanwhile, the S&P BSE Sensex was up 101.07 points or 0.41% at 24,464.12.

On BSE, so far 3,278 shares were traded in the counter as against average daily volume of 11,883 shares in the past one quarter.

The stock hit a high of Rs 1231 and a low of Rs 1178 so far during the day. The stock had hit a record high of Rs 1370.05 on 20 February 2014. The stock had hit a 52-week low of Rs 606 on 24 May 2013.

The stock had underperformed the market over the past one month till 19 May 2014, sliding 4.65% compared with the Sensex's 7.66% rise. The scrip had also underperformed the market in past one quarter, declining 3.95% as against Sensex's 17.57% rise.

The mid-cap company has equity capital of Rs 30.24 crore. Face value per share is Rs 10.

eClerx Services' consolidated net profit surged 48.98% to Rs 255.65 crore on 27.32% growth in total income from operations to Rs 841 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

eClerx Services' board of directors at its meeting held today, 20 May 2014, recommended dividend of Rs 35 per share for FY 2014.

eClerx Services is a knowledge process outsourcing (KPO) company providing data analytics and customized process solutions to global enterprise clients.

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