eClerx Services hits 20% upper circuit as Q1 net rises 30% YoY to Rs 52 cr

Shares of eClerx Services were frozen at 20 per cent upper circuit band of Rs 620.50 apiece on the BSE on Thursday after the company reported steady numbers for the quarter ended June 2020 (Q1FY21). The firm posted a 30 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 51.8 crore against Rs 39.8 crore in the corresponding quarter of the previous fiscal. 

Operating revenue for the quarter ended June 30, 2020, was Rs 336.6 crore, down 5.1 per cent YoY against Rs 354.7 crore in the corresponding period last year. In US dollar terms, operating revenue decreased