EClerx Services Limited Reports Audited Standalone and Consolidated Earnings Results for the Quarter and Year Ended March 31, 2018; Provides CapEx and Effective tax rate Tax Guidance for the Fiscal Year 2019
May 23, 2018 at 07:18 am EDT
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eClerx Services Limited reported audited standalone and consolidated earnings results for the quarter and year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 2,887.71 million against INR 2,874.02 million a year ago. Profit before exceptional items and tax was INR 695.41 million against INR 818.17 million a year ago. Profit before tax was INR 704.17 million against INR 817.05 million a year ago. Profit for the period was INR 545.62 million or INR 13.68 per diluted share against INR 679.92 million or INR 16.94 per diluted share a year ago.
For the year, on standalone basis, the company reported revenue from operations of INR 11,440.21 million against INR 11,620.22 million a year ago. Profit before exceptional items and tax was INR 3,401.77 million against INR 4,134.32 million a year ago. Profit before tax was INR 3,614.36 million against INR 4,053.91 million a year ago. Profit for the period was INR 2,781.19 million or INR 69.54 per diluted share against INR 3,311.48 million or INR 80.78 per diluted share a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 3,611.26 million against INR 3,315.13 million a year ago. Profit before exceptional items and tax was INR 845.85 million against INR 906.74 million a year ago. Profit before tax was INR 854.61 million against INR 906.74 million a year ago. Profit for the period was INR 647.28 million or INR 16.37 per diluted share against INR 748.09 million or INR 18.69 per diluted share a year ago. EBITDA was 975 million. Operating EBITDA was INR 805 million. The growth in revenues for this quarter was largely due to growth in short-term creative services projects out of CLX unit.
For the year, on consolidated basis, the company reported revenue from operations of INR 13,650.62 million against INR 13,300.33 million a year ago. Profit before exceptional items and tax was INR 3,582.63 million against INR 4,358.33 million a year ago. Profit before tax was INR 3,795.22 million against INR 4,358.33 million a year ago. Profit for the period was INR 2,899.42 million or INR 72.89 per diluted share against INR 3,539.30 million or INR 86.38 per diluted share a year ago. EBITDA was 4,065 million. EBITDA was 975 million. Operating EBITDA was INR 3,667 million. The company has spent around INR 273 million on CapEx, which was higher by about INR 60 million compared to previous year.
The company expects fiscal year 2019 CapEx to be around fiscal year 2018 levels excluding any major facility refurbishment or realignment that the company plans to do. Effective tax rate for the year 2019, expected to touch about 25%.
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 Reports Audited Standalone and Consolidated Earnings Results for the Quarter and Year Ended March 31, 2018; Provides CapEx and Effective tax rate Tax Guidance for the Fiscal Year 2019