eClerx Services announces bonus issue and Q3 earnings growth
pre-market1 source ↓written by the desknot a recommendation
- Services approved
- 1:1 bonus issue
- at ₹10 each
- 4.7 crore shares
- YoY
- ₹192 cr
- last year
- ₹137 cr
eClerx Services approved a 1:1 bonus issue, issuing over 4.7 crore shares at ₹10 each. The company's Q3 net profit rose 40% YoY to ₹192 cr, up from ₹137 cr last year. This growth reflects strong performance in business process management and analytics services.
The bonus shares will rank pari-passu with existing shares, adjusting the share price downward proportionately. This move may enhance liquidity and attract investor interest.
Not investment advice. For informational purposes only.