Q2 revenue up 21%, profit up 32%; Rs 300 crore buyback approved
ECLERX · price
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Consolidated Q2 revenue was Rs 1,004.9 crore, up 20.8%, while profit after tax rose 31.5% to Rs 183.5 crore. H1 revenue increased 20.2% to Rs 1,939.4 crore and profit after tax grew 29.2% to Rs 325 crore. Auditor reviews were unmodified. The board also approved a buyback of up to Rs 300 crore at Rs 4,500 per share, subject to shareholder approval.
Strong revenue and profit growth supports earnings, while the proposed buyback could lift earnings per share once shareholders approve it.