BusinessPhoto: NDTV BusinesseClerx Services Shares Fall Over 12% After Q2 Results
eClerx Services' share price dropped over 12% after reporting Q2 FY27 results. The company posted a consolidated net profit of Rs 180.39 crore, down 1.5% year-on-year but up 10% sequentially. Revenue rose 18.3% YoY to Rs 1,188.66 crore and 3.2% QoQ. EBITDA increased 5% to Rs 283.8 crore, though the margin narrowed to 23.9%. Analysts noted below-estimate growth and margin recovery, with concerns over lower ACV and higher attrition.
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