eClerx's FY10 revenue up 28% at Rs 246.5 cr
Net profit up 19% at Rs 73.5 crore
eClerx Services Ltd. (eCx), India’s first publicly-listed KPO and a Forbes “200 Best Under a Billion” company, today announced its results for fiscal 2010. eClerx provides data analytics and customized process solutions to global enterprise clients from its offshore delivery centres in India.
Consolidated financial highlights for the year ended March 31, 2010
- Operating revenue for year ended March 31, 2010 was Rs 257.0 crore vs Rs 197.3 crore in the corresponding period last year, YoY growth of 30%. In USD terms, operating revenue grew by 30% to USD 55.0 Million as compared to USD 42.3M in the same period last year. Total revenue including other income for the period was Rs 246.5 crore, YoY growth of 28%.
- Operating profits for the year are Rs 93.4 crore, a growth of 27% YoY.
- Profit after tax for the year ended March 31, 2010 was Rs 73.5 crore compared with Rs 61.8 crore in the corresponding period in the previous year, a growth of 19% YoY.
- Basic EPS for the year ended March 31, 2010 was Rs 38.7 as compared to Rs 32.7 in the corresponding period last year.
- The total headcount as on March 31, 2010 stands at 2,863 growth of 45% YoY.
- The Board has recommended a final dividend of Rs 10 per share, which brings the total dividend for the year FY 10 to Rs 17.50 per share.
Commenting on the results, Mr. P.D. Mundhra, Executive Director said “We are very pleased with our FY 10 performance. During the period operating revenue and profit of the Company grew by 30% and 27% respectively. We have invested significantly in increasing senior management talent to support next level of growth. During the year we have taken on lease a new 44,100 square feet SEZ facility, with an option on another 44,100 square feet. The facility is expected to be commissioned by June 2010. ”
About eClerx Services Ltd:
We provide data analytics and customized process solutions to global enterprise clients from our offshore delivery centers in India. Our portfolio of services comprises data analytics, operations management, data audits, metrics management and reporting services. We provide service solutions using a mix of custom designed data processes, delivery teams comprising generalists and domain specialists, and in-house software to automate processes. We currently offer our services to clients in the financial services, retail and manufacturing industries. Some of our largest clients in terms of revenue contribution include leading global corporations with whom we have multi-year partnerships.