eClerx Services Ltd. saw its stock drop more than 2% in morning trade following the release of its Q3 results for December 2024. As of 10:34 AM, the shares were trading 2.54% lower at Rs 3,053.40.
The company reported a 14.79% growth in net sales, reaching Rs 608.63 crore compared to Rs 530.22 crore in the same quarter of the previous year. Despite the revenue boost, eClerx’s net profit declined by 13.11%, dropping to Rs 83.23 crore from Rs 95.78 crore in December 2023.
The company’s EBITDA also witnessed a decline of 6.38%, standing at Rs 140.42 crore in Q3 2024, compared to Rs 149.99 crore in the previous year. Additionally, the EBITDA margin slipped to 20.1% from 22%.
eClerx shares opened at ₹2,980.00, reaching a high of ₹3,059.40 and a low of ₹2,931.05 today. Over the past 52 weeks, the stock has fluctuated between ₹2,114.00 and ₹3,877.00, highlighting its potential for growth and risk.
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