eClerx's FY11 revenue up 49% at Rs 366.1 cr,
Net profit up 80% at Rs 132.7 cr
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 2011. 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, 2011
- Operating revenue for year ended March 31, 2011 was Rs 342.1 crore vs Rs 257.0 crore in the corresponding period last year, YoY growth of 33%. In USD terms, operating revenue grew by 37% to USD 75.4 Million as compared to USD 55.0M in the same period last year. Total revenue including other income for the period was Rs 366.1 crore, YoY growth of 49%.
- Operating profits for the year are Rs 125.5 crore, a growth of 34% YoY.
- Profit after tax before an accounting exceptional item for the year ended March 31, 2011 was Rs 132.7 crore compared with Rs 73.5 crore in the corresponding period in the previous year, a growth of 80% YoY. On a like-basis, Basic EPS for the year ended March 31, 2011 was Rs 46.2 as compared to Rs 25.8 in the corresponding period last year.
- Profit after tax after the accounting exceptional item of Rs. 10.3 crores (refer note no. 7 in consolidated financial results) for the year ended March 31, 2011 was Rs 122.4 crore and basic EPS was Rs 42.6.
- The total headcount as on March 31, 2011 stands at 3,658 growth of 28% YoY.
- The Board has recommended a final dividend of Rs 22.50 per share.
Commenting on the results, Mr. P.D. Mundhra, Executive Director said “We are very pleased with our FY 11 performance. During the period operating revenue and profit of the Company grew by 33% and 80% respectively. We have invested significantly in increasing senior management talent to support next level of growth.”
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.
Disclaimer: Certain statements made in this release concerning our future growth prospects may be interpreted as forward looking statements, which involve a number of risks and uncertainties that could cause the actual results to differ materially from those in such forward looking statements. Investors are requested to use their discretion in relying on them. We do not undertake to update any forward-looking statements that may be made from time to time.