eClerx Services has announce its results for the quarter ended June 2008. Its Q1FY09 revenue up 76% at Rs 46.03 crore. Profit after tax up 54% at Rs 16.09 crore.
Key Takeaways from eClerx Services concall:
eClerx Services Q1FY09 revenue up 76% at Rs 46.03 crore
Profit after tax up 54% at Rs 16.09 crore
Revenue for the three months ended June 30, 2008 was Rs 46.03 crore vs Rs 26.21 crore in the corresponding period last year, YoY growth of 76%.
Operating revenue for the quarter was Rs 42.35 crore, YOY growth of 62%.
EBIDTA for the quarter ended June 30, 2008 was Rs 19.70 crore, growth of 60% YoY.
Profit after tax for the quarter ended June 30, 2008 at Rs 16.09 crore as compared to Rs 10.42 crore in the corresponding period last year, growth of 54% YoY.
Net profit margin was 34.9% for the quarter ended June 30, 2008.
Basic EPS for the quarter ended June 30, 2008 was Rs 8.52.
During the quarter operating revenue grew 62% YOY and 14% over previous quarter.
Company added 3 new clients in Q1.
The company's Pune facility went live in April 2008 and will ultimately have a total capacity of over 900 seats.
Business highlights
As on June 30, 2008, the company had 54 clients as compared to 22 at the end of corresponding quarter last year.
Company's employee base as on June 30, 2008 stands at 1797 as compared to 1154 at the end of corresponding quarter last year.
Pune SEZ facility became operational from April 2008.
Company repaid Post Shipment credit of USD 1M taken last year.
Company is now debt free.
The company's business grown up by 50-60%, YoY basis.
Top five-clients revenue stood at 85%.
12% of our book from SEZ.
Salary hike is factored in Q1 results.
Other income was Rs 3.86 crore.
Largest component is selling and distribution is higher in every alternate quarter.
Wage hikes were 10%, 2/3 of the employees are eligible of hike.
One rupee appreciation impact 80-90 bps on company's margin.
Travel and hospital business is shaping up very well.
Over all turnover growth easily hit, which will be 30-35%.
