eClerx’s first 9 months FY09 revenue up 67%
Mumbai, January 19, 2009: eClerx Services Ltd. (eCx), India’s first publicly-listed KPO and a Forbes “200 Best Under a Billion” company, today announced its first nine results for fiscal 2009. eClerx provides data analytics and customized process solutions to global enterprise clients from its offshore delivery centres in India.
Consolidated financial highlights for Q3FY09
· Revenues for the quarter stood at Rs 48.1 crore vs Rs 34.7 crore in Q3FY08, YoY growth of 39%. Operating revenues for the period were Rs 51.6 crores, YoY growth of 56%.
· EBITDA for the quarter ended December 31, 2008 was Rs 20.5 crore, a growth of 31% YoY.
· Profit before tax (excluding other income) for the period are Rs 21.3 crores, a growth of 70% YoY.
· Net Profit for the quarter was at Rs 16.2 as compared to Rs 12.5 crore in Q3FY 08, a jump of 30 %.
· Basic EPS for the nine months ended December 31, 2008 was Rs 8.57.
Consolidated financial highlights nine months ended December 31, 2008
· Revenues for the nine months ended December 31, 2008 were Rs 146.2 crores vs Rs 87.4 crore in the corresponding period last year, YoY growth of 67%. Operating revenues for the period were Rs 143.0 crores, YoY growth of 69%.
· EBIDTA for the nine months ended December 31, 2008 was Rs 58.3 crores, a growth of 56% YoY.
· Profit before tax (excluding other income) for the period are Rs 49.1 crores, a growth of 59% YoY.
· Profits after tax for the nine months ended December 31, 2008 were Rs 46.4 crores compared with Rs 29.4 crores in the corresponding period in the previous year, a growth of 58% YoY.
· Basic EPS for the nine months ended December 31, 2008 was Rs 24.52.
Commenting on the results, Mr. P.D. Mundhra, Executive Director said “We are very pleased to have closed the third quarter with such strong results in the context of a challenging global business environment. The firm has performed exceedingly well by growing revenues and profitability quarter on quarter in-spite of one of our top 5 clients filing for bankruptcy at the end of the previous quarter, a testament again to the stickiness of our business and the core importance of the services that we provide to our customers. Overall, our business has grown by 50% over the same period last year, in a much tougher environment, and we have maintained profitability. One accolade that we are especially proud of is the recognition from Forbes as one of the “200 Best under a Billion” companies in Asia. “
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