Continuing its winning streak, eClerx Services on Monday hit a new high of Rs 1875 per share, by surging for around 16 per cent on the BSE intraday today on the back of heavy volumes. The shares also jumped over 45 per cent in the last three sessions amid strong Q4 performance.  

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The company reported healthy March quarter numbers in FY21 with revenues up 19.3 per cent quarter on quarter (QoQ) in constant currency terms and 19.7 per cent QoQ in reported terms. eClerx Services, a mid-cap IT company, surpassed its previous high of Rs 1,775, which was hit in August 2016. 

At around 02:00 pm, the shares of eClerx Services were trading over 13 per cent higher at Rs 1,831 on the BSE, as compared to a 0.03 per cent decline in the S&P BSE Sensex. The counter jumped over five-fold on trading volumes with near 520,000 shares changing hands on both NSE and BSE. 

The stock was trading flat around Rs1250-1300 per share levels before its Q4 results announcement. 

The company reported a 39 per cent jump in profit at Rs 98.8 crore in the March-ended quarter. While EBIT margins improved by 295 basis points (bps) to 27.6 per cent, led by development expenses, higher gross margins, and lower sales.  

The company said the total delivery headcount as of March 31, 2021, stands at 11,831 – an increase of 40 per cent year on year. And, its revenues grew 19.3 per cent quarter on quarter (QoQ) in constant currency terms and 19.7 per cent quarter on quarter in reported terms. 

eClerx provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world's leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel and leisure, and technology companies.