Eclerx Srv

eClerx Services is a knowledge process outsourcing company based in Mumbai. The company posted a very good set of numbers for Q1Fy16. It posted a 20% (QoQ) rise in total consolidated revenue at Rs.314 crore with net profit showing a 38% rise at Rs.73 crore. EBITDA came in at Rs.115 crore, up 39% and margin came in at 37% v/s 32% (QoQ). NPM showed a 3% rise at 23%. US$ revenue was up 14% QoQ with organic constant currency growth of 4%. EPS was up at Rs.24.10, up 37% (QoQ). Other income came in at Rs.6 crore – forex gain of Rs.11 crore and loss of Rs.5 crore due to reassessment of deferred tax assets.

Its current hedge status shows that total outstanding hedges now at $110.8 million, at average INR68.59/$; 100% forwards. This is 2.4 times quarter revenue vs. average of 2.7 times in preceding 4 quarters. Total Cash and Cash equivalents stands at Rs.358 crore (before dividend of Rs.129 crore) and more importantly, it is a zero debt company. Current book value stands at Rs.262/share v/s Rs.235/share (QoQ).