eClerx Services Ltd
HSL Code: ECLSER | BSE Code: 532927 | NSE Symbol: ECLERX | ISIN: INE738I01010
- eClerx (Update) : EPS upgrade cycle to continue? Maintain BUY 8 Oct | 09:32We expect eClerx growth momentum to pick-up in 2QFY14 owing to traction in key clients and uptick in spends. We upgrade our target price by 9.4% to Rs 938 aided by EPS upgrade. Retain Buy.
- eClerx Services (3QFY14) : Margin miss curtails EPS upgrade... Maintain BUY 22 Jan | 09:09eClerx 3QFY14 USD revenues were above our estimates. However, higher S&M expenses owing to expansion in onsite sales headcount hurt EBIDTA margins which were below our expectations. PAT for the quarter was 2% below our estimates. Maintain Buy.
- eClerx (1QFY14) : Margin beat drives PAT 22 Jul | 10:20eClerx delivered 1QFY14 revenues inline with our expectations. However, strong EBIDTA margin beat helped deliver PAT ahead of our estimates.
- eClerx Services (2QFY14) : On the right track... Maintain BUY 25 Oct | 09:29eClerx 2QFY14 USD revenues were marginally below our estimates. EBIDTA margins missed our expectations on account of higher SG&A expenses. However, PAT beat our estimates aided by higher other income and lower depreciation. We upgrade TP by 13% to Rs 1,056 aided by P/E upgrade (11x FY15E vs 10x earlier) as well as marginal EPS upgrade. Maintain Buy.
|Results - Announcements on Tuesday 18:22|
eClerx Services net profit rises 28.45% in the December 2013 quarter
|Results - Announcements on Friday 08:59|
eClerx Services net profit rises 159.40% in the September 2013 quarter
|Hot Pursuit on Thursday 14:41|
eClerx Services gains after good Q2 earnings
|Corporate News on Friday 11:55|
eClerx Services approval for buy-back of equity shares
|Hot Pursuit on Tuesday 09:32|
eClerx Services jumps on buyback plan
|Market Cap (Rs. in Cr.)||3,652.78|
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|NSE Indices||BSE Indices|
|S&P CNX 500||
|CNX Midcap 50||
Note: The scrip is a constituent of those NSE and BSE indices that have against them.
| ||1M (%)||3M (%)||6M (%)|
|eClerx Services Ltd||12.60||18.02||55.26|
|NIFTY (S&P CNX)||6.04||2.26||12.69|
V K MundhraChairman
P D MundhraExecutive Director
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