Shares price of eClerx rallied 4.08% to Rs 4,602.80 in Thursday’s session, buoyed by a strong quarterly performance and the company’s board approving a 1:1 bonus share issue. For the December quarter, eClerx posted a 40% year-on-year rise in net profit to Rs 192 crore, compared with Rs 137 crore a year ago.

In a board meeting held on January 28, the company approved a 1:1 bonus issue, entitling shareholders to receive one additional fully paid equity share for every share held as on the record date.

The record date for the bonus issue will be announced later by the board or its committee and remains subject to shareholder approval through a postal ballot. The company plans to issue 4,70,25,359 bonus equity shares of face value Rs 10 each.

The bonus shares will be issued from retained earnings (free reserves) based on audited financials for the year ended March 31, 2025. eClerx has retained earnings of Rs 13,777.22 crore, of which Rs 47.03 crore will be capitalised for the bonus issue.

The 1:1 bonus shares will rank pari passu with existing equity shares, carrying identical rights and privileges. The issuance represents a capitalisation of reserves and does not constitute a dividend or income distribution.

Before the bonus issue, eClerx Services’ issued and paid-up share capital stood at Rs 470,253,590, representing 47,025,359 equity shares of Rs 10 each. After the bonus issue, the issued and paid-up capital will double to Rs 940,507,180, with 94,050,718 equity shares of Rs 10 each.

The company expects to credit or dispatch the bonus shares within 60 days of board approval, likely by March 27, 2026. The proposal has not been cancelled or terminated and remains subject to shareholder approval.

eClerx Services Q3FY26 Performance

For the December-ended quarter, the company reported a 40% jump in net profit, rising to Rs 192 crore from Rs 137 crore in the year-ago period. Profit after tax (PAT) increased 5% sequentially, compared with Rs 183 crore in Q2FY26.

Revenue from operations in the quarter was Rs 1,070.33 crore, up 6% quarter-on-quarter and 25% year-on-year from Rs 853.82 crore in Q3FY25. Total revenue stood at Rs 1,102 crore, reflecting a 6.4% QoQ and 22.2% YoY rise.

The technical outlook for eClerx Services shows a Daily RSI (14) of 44.9, suggesting the stock is neither oversold nor overbought (with readings below 30 considered oversold and above 70 overbought). Additionally, the stock is trading above all eight simple moving averages (SMAs), indicating a strong bullish trend.

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