EClerx Services Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018; Revises Tax Rate Guidance for the Fiscal Year 2019
August 07, 2018 at 05:27 am EDT
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eClerx Services Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2018. For the quarter, on consolidated basis, the company's revenue from operations was INR 3,519.42 million against INR 3,331.68 million a year ago. Total income was INR 3,717.61 million against INR 3,427.95 million a year ago. Profit before exceptional items and tax was INR 874.45 million against INR 977.23 million a year ago. Profit before tax was INR 874.45 million against INR 977.23 million a year ago. Profit for the period was INR 600.49 million against INR 792.36 million a year ago. Profit attributable to shareholders of the company was INR 601.70 million against INR 793.56 million a year ago. Diluted earnings per share were INR 15.72 against INR 19.87 a year ago. EBITDA was INR 968 million against INR 1,085 million a year ago. Operating EBITDA was INR 783 million against INR 1,004 million a year ago. The net operating cash flow has been negative in this quarter due to increase in DSO in fourth quarter as well as first quarter. The company has spent around INR 48 million on CapEx, which is lower by about INR 13 million from fourth quarter levels.
For the quarter, on standalone basis, the company's revenue from operations was INR 2,818.74 million against INR 2,889.53 million a year ago. Total income was INR 3,030.99 million against INR 2,987.05 million a year ago. Profit before exceptional items and tax was INR 761.09 million against INR 903.58 million a year ago. Profit before tax was INR 761.09 million against INR 903.58 million a year ago. Profit for the period was INR 521.78 million against INR 726.20 million a year ago. Diluted earnings per share were INR 13.45 against INR 18.15 a year ago.
The company now revised the fiscal year 2019 onwards effective tax rate to be around 30%.
eClerx Services Limited is an India-based company that is engaged in providing critical business operations services. The Company provides services to companies across financial services, cable and telecommunications, retail, fashion, media and entertainment, manufacturing, travel and leisure, software, and high-tech. It offers business process management, change management, data-driven insights, advanced analytics, and smart automation. The Company operates through three divisions: eClerx Customer Operations, eClerx Digital and eClerx Markets. eClerx Customer Operations division is engaged in providing operational service and process throughout the customer journey. The division creates solutions and services, utilizing its domain knowledge. eClerx Digital division is involved in the production, e-commerce/Web operations, and analytics and insights services. eClerx Markets division offers consulting, technological innovation, and process management solutions.
EClerx Services Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2018; Revises Tax Rate Guidance for the Fiscal Year 2019