Quess Corp Reports Rs 64-Crore Profit in Q4, Signaling Strong Financial Performance.

Quess Corp has demonstrated a remarkable turnaround in its financial performance for the March quarter, reporting a consolidated profit of Rs 64.34 crore, contrasting sharply with a significant loss of Rs 95.44 crore reported in the same period last year. The sharp decline in the prior year’s performance was largely attributed to one-time exceptional items, which included expected credit losses from discontinued projects worth Rs 118.7 crore, goodwill impairment of Rs 25.9 crore, and demerger expenses amounting to Rs 13.4 crore. This recovery positions the company positively within the staffing and workforce solutions sector, signaling a strong operational rebound.

Revenue from operations for the quarter increased by 6.45 percent, rising to Rs 3,892.45 crore from Rs 3,656.42 crore year on year. Furthermore, Quess Corp’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged by 19 percent, reaching Rs 312 crore, while profit after tax (PAT) increased by 10 percent to Rs 230 crore. This solid financial performance led the Board of Directors to approve a special interim dividend of Rs 3 per share, in addition to a final dividend of Rs 3 per share, reflecting Quess Corp’s commitment to enhancing shareholder value and following its guiding principles.

On the international front, robust performances in regions including the UAE, Malaysia, and the Philippines bolstered Quess Corp’s overseas business, which concluded the fiscal year with a substantial 21 percent growth in EBITDA. Notably, despite facing regulatory challenges and global economic headwinds, the company successfully expanded its Staffing Solutions business by adding approximately 26,000 personnel to its workforce. This growth underscores not only Quess Corp’s operational resilience but also its strategic adaptability in diverse market environments.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova team.)