Bonus Share Alert: Midcap IT stock rewards shareholders for the fourth time; Details here

Shares of eClerx Services Ltd. are in focus on Thursday, January 29, after the company's board of directors approved the issue of bonus shares for its shareholders.

The board has approved the issue of one bonus share for every one share that shareholders have held as on the record date, which is yet to be determined by the board.

eClerx Services currently carry a face value of ₹10 each.

The bonus shares will be credited within 60 days from the date of the 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. Prior to this, the company issued bonus shares in the 1:3 and 1:2 ratios in December 2022 and July 2010, respectively.

The company had informed the stock exchanges of an upcoming bonus last week.

Over the last couple of years, eClerx Services has been carrying out buybacks of its equity shares. It recently concluded one in December 2025 and one in July 2024.

Q3 results 

eClerx Services' steady revenue growth continued in the December quarter.

It reported a 6.47% sequential increase in its revenue at ₹1,070 crore, while its profit after tax (PAT) rose 39.9% to ₹191.8 crore.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 1.84% to ₹276.2 crore from the previous quarter, while its EBITDA margin contracted to 25.81% from 26.99%.

This was also another quarter of strong employee addition for the company. It reported overall 21,967 employees in the third quarter, a 2.6% sequential addition to the base. Its attrition declined by 100 basis points to 19.3% from the previous quarter.

Its annual contract value (ACV) deal wins declined 1.2% sequentially to $45.5 million from $46 million. The trailing twelve months (TTM) ACV was at $172 million, up 60% from last year.

The company's growth was led by the 'emerging' segment, which was up 30% sequentially, followed by 'fashion', which increased by 9.1%. 'Hi-Tech' increased 6%, 'banking financial services and insurance (BFSI)' grew by 2.1% and 'communication media and telecom (CMT)' increased 1.7%.

Its top 10 clients contributed 63% to the company's total revenue.

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.

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