eClerx Services soars on robust Q1 nos

Q1 net profit up 40% at Rs 49 crore on yoy basis, on back of higher operational income.

eClerx Services has soared 14% to Rs 712 on reporting 40% year-on-year (yoy) jump in net profit at Rs 49 crore for the quarter ended June 30, 2012, on back of higher operational income.

The company engaged in data analytics and process outsourcing services, have seen 54% surge in total income from operations at Rs 154 crore on y-o-y basis. The operating profit margins improved marginally to 39.78% from 39.22% during the quarter under review.

The stock opened at Rs 612 and hit a high of Rs 715 after the announcement of Q1 results on the National Stock Exchange. The trading volumes on the counter jumped multiple folds, with a combined 415,859 shares changing hands so far, against an average sub 3,000 shares that were traded daily in past two weeks.