IT Stock in Focus After Announcing 30% YoY Increase in Net Profits and Dividend
Bengaluru, May 14 -- The Indian IT sector's small-cap segment has been under close watch as companies report their March quarter numbers. One business process management firm just delivered a strong set of annual results, combining revenue growth of over 22%, a 30% jump in net profit, a 1:1 bonus share issue, and a dividend - all in one quarter.
With a market cap of Rs. 13,975 Crore, the shares of eClerx Services Ltd. are trading at a price of Rs. 1,486 per share i.e. 3% down from its previous closing price of Rs. 1531. It currently trades at P/E of 19.7.
Strong Revenue Growth Across FY26
The company closed FY26 with total revenue of Rs.4,217.4 crore, up 22.6% from the previous year. Operating revenue in rupee terms rose 22.3% to Rs.4,...
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