Shares of eClerx Services surged 4.08% to ₹4,602.80 in Thursday's session, buoyed by a robust quarterly performance and the company's board approving a 1:1 bonus share issue. For the December quarter, the company posted a 40% year-on-year rise in net profit to ₹191.8 crore, compared with ₹137.1 crore a year ago. In a board meeting held on January 28, the company approved the bonus issue, entitling shareholders to receive one additional fully paid equity share for every share held as on the record date.
The board has approved the issue of one bonus share for every one share that shareholders held as on the record date, which is yet to be determined by the board. The bonus shares will be credited within 60 days from the date of board's approval, latest by March 27, 2026. This will be eClerx Services' fourth bonus issue, as per data available on the stock exchanges. Previously, it had issued bonus issues in the 1:2 ratio in September 2022, which means shareholders received one bonus share for every two shares they held.
For the December-ended quarter, the company reported a 40% jump in net profit, rising to ₹191.8 crore from ₹137.1 crore in the year-ago period. Profit after tax increased 5% sequentially, compared with ₹183 crore in Q2FY26. Revenue from operations in the quarter was ₹1,070.33 crore, up 6% quarter-on-quarter and 25% year-on-year from ₹853.82 crore in Q3FY25. Total revenue stood at ₹1,100.4 crore, reflecting a 6.4% QoQ and 22.2% YoY rise. EBITDA stood at ₹307.5 crore, marking a 30.5% YoY increase, while EBIT was reported at ₹261.2 crore (35.9% YoY growth).
The company reported overall 21,847 employees in the third quarter, representing a 18% year-on-year increase. Its attrition declined by 100 basis points to 19.3% from the previous quarter. The company's annual contract value (ACV) deal wins declined 1.2% sequentially to $45.5 million from $46 million, while the trailing twelve months (TTM) ACV was at $172 million, up 60% from last year. The top 10 clients contributed 63% to the company's total revenue.
The company plans to issue 4,70,25,359 bonus equity shares of face value ₹10 each. The bonus shares will be issued from retained earnings (free reserves) based on audited financials for the year ended March 31, 2025. Before the bonus issue, eClerx Services' issued and paid-up share capital stood at ₹470,253,590, representing 47,025,359 equity shares of ₹10 each. After the bonus issue, the issued and paid-up capital will double to ₹940,507,180, with 94,050,718 equity shares of ₹10 each. The 1:1 bonus shares will rank pari passu with existing equity shares, carrying identical rights and privileges, and represent a capitalisation of reserves rather than a dividend.
Shares of eClerx Services ended the previous session 0.8% higher at ₹4,444 apiece. The stock has gained 19.4% in the last six months and 41.8% in the past year. The company has been carrying out buybacks of its equity shares over the last couple of years, with recent buybacks concluded in December 2025 and July 2024. The proposal has not been cancelled or terminated and remains subject to shareholder approval through a postal ballot.
