Quess Corp hits 52-week high after Q1 PAT rises 14% QoQ to Rs 112 cr

Last updated: July 30, 2024 | 12:50 PM IST

Shares of Quess Corp rose 1.15% to Rs 723 after the company’s consolidated net profit rose 14% to Rs 111.67 crore in the first quarter of fiscal 2025 from Rs 97.83 crore in the fourth quarter of fiscal 2024.

Revenue from operations grew by 8.76% quarter-on-quarter to Rs 5,003.10 crore in Q1FY25.

On a year-over-year (YoY) basis, the company’s consolidated net profit and revenues increased by 132% and 9%, respectively, in the first quarter of fiscal year 2025.

Profit before tax (PBT) rose 90.75% to Rs 118.55 crore in Q1FY25 as compared to Rs 62.15 crore in Q1FY24.

During the quarter, EBITDA stood at Rs 184 crore in Q1 FY25, up 19% year-on-year. EBITDA margin increased by 33 basis points to 3.7% in Q1 FY25 as compared to 3.3% in Q1 FY24.

The company employed 597 thousand people, up 14% year-on-year and 5% quarter-on-quarter in the first quarter of fiscal year 2025.

People Management revenue grew by 12% to Rs 3,622 crore in Q1FY25 as compared to Rs 3,221 crore in Q1FY24. 91 new contracts were added with a net value of Rs 514 crore in Q1FY25.

Global technology services revenue grew 8% year-on-year to Rs 610 crore in Q1FY25, while operating asset management revenue grew 6% year-on-year to Rs 733 crore in Q1FY25, EBITDA margin at 4.8%, lower by 64 basis points quarter-on-quarter due to seasonality in margin-generating businesses like F&B and telecom infrastructure.

Quess Corp offers a range of managed and technology-enabled outsourcing services covering processes such as sales and marketing, customer service, after-sales service, back office operations, staffing, manufacturing, facilities and security management, HR and F&A operations, IT and mobile services, etc.

Today, during the day, the stock touched a 52-week high of Rs 752.95.

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First published: July 30, 2024 | 12:30 PM IST