Industry-focused specialist ITES firm eClerx records 14.8% revenue growth in Q2
Mumbai-based specialist ITES firm eClerx Services Ltd. has announced its quarterly & half-yearly financial results for the period ending September 30, 2024
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Mumbai, Nov 06: Mumbai-based specialist ITES firm eClerx Services Ltd. has announced its quarterly & half-yearly financial results for the period ending September 30, 2024. The company has recorded sequential and YoY growth in both revenue and profit and further expects to build upon its Q2 FY2024-25 performance in the remainder of the current financial year.
eClerx’s total revenues increased from INR 735.9 crore in Q2 FY2023-24 to INR 844.7 crore in the quarter ended September 30, 2024. These figures represent a strong 14.8% growth on a YoY basis and 5.2% on a sequential basis. The company reported USD 98.8 million in operating revenue for Q2 FY24-25, which is 12.8 % higher YoY and 6% sequentially.
On the profitability front, EBITDA for Q2 FY24-25 came in at INR 228.8 crore, 22% higher than the INR 187.3 crore reported in Q1.
Commenting on the company’s strong Q2 performance, Kapil Jain, Managing Director and Group CEO at eClerx said, “This has been an exceptionally strong quarter for us on both top and bottom-line. Total revenues came in at INR 844.7 crore and net profit at INR 140.2 crore, with both metrics showing improvement sequentially as well as on a YoY basis. Our focus for H2 FY25 will remain on leveraging our domain expertise and next-gen technology to deliver superior outcomes for our customers.”
The Mumbai-based firm counts many Fortune 2000 companies amongst its clients.
