eClerx Services Records Strong Financial Performance in Q3, Receives 'Buy' Rating

eClerx Services, a leading BPO/ITeS company, has recently announced its financial results for the quarter ending September 2024. The company has shown a positive performance in this quarter, with a score of 10 compared to -8 in the previous three months.

One of the key factors contributing to this success is the company's strong operating cash flow, which has been consistently growing over the last three years. In fact, in the last quarter, eClerx Services recorded the highest annual operating cash flow of Rs 366.81 crore. This indicates that the company has been able to generate higher revenues from its business operations.

Another positive aspect of eClerx Services' financials is its net sales, which have been steadily increasing each quarter in the last five quarters. In the most recent quarter, the company recorded its highest net sales of Rs 831.84 crore. This trend is expected to continue in the near future, indicating a positive outlook for the company.

The company's operating profit (PBDIT) has also shown a positive trend, with the highest recorded in the last five quarters at Rs 215.66 crore. Similarly, the profit before tax less other income (PBT) and profit after tax (PAT) have also seen an upward trend, with the highest recorded in the last five quarters at Rs 174.74 crore and Rs 140.25 crore, respectively.

eClerx Services has also been able to create higher earnings for its shareholders, with the earnings per share (EPS) reaching its highest at Rs 29.86 in the last five quarters. This indicates the company's increasing profitability and its commitment to creating value for its shareholders.

Based on these strong financial results, MarketsMOJO has given a 'Buy' call for eClerx Services' stock. With a positive outlook and a track record of consistent growth, eClerx Services is definitely a company to watch out for in the BPO/ITeS industry.