eClerx Services announces bonus issue and Q3 PAT growth
eClerx Services approved a 1:1 bonus issue and reported Q3 net profit growth of 40% YoY to ₹192 cr. The decision aims to enhance liquidity while maintaining overall investment value post-issue.
after close1 source ↓written by the desknot a recommendation
- Services approved
- 1:1 bonus issue
- at ₹10 each
- 4.7 crore shares
- YoY
- ₹192 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 issue will adjust the share price downward, maintaining overall investment value. This move may enhance liquidity and attract investor interest.
Not investment advice. For informational purposes only.