Quess reports highest ever quarterly revenue, annual EPS up by 24% y-o-y

Business services provider Quess Corp on Thursday reported Rs 4910 crore in revenues for the quarter ended March, recording a 11% year-on-year jump. The company’s profit after tax (PAT) saw a 226% year-on-year increase at Rs 98 crore and EBITDA by 28% year-on-year at Rs 195 crore.

The company’s board has recommended a final dividend of Rs 6 per share which makes the total dividend payout for the financial year 20023-24 to Rs 10 per share. The company reported an earning per share (EPS) of Rs 6.31 (184% increase year-on-year) for the March quarter and Rs 18.61 (24% jump year-on-year) for the financial year 2023-24

Quess CEO Guruprasad Srinivasan said the company financial results show highest ever revenue and EBITDA for the fiscal year 2023-24. “Our focus on profitable growth and simplification of operations within platforms has resulted in non-linear increase in EBITDA and PAT. The GTS (global technology services) and (OAM) operating asset management platforms witnessed significant expansion in margin profile during the year led by operating leverage and business efficiencies. The WFM (workforce management) platform continues to deliver a robust headcount growth led by Manufacturing and Retail as the vertical focus strategy has started yielding results. Our 3-way demerger of Quess Corp announced during the quarter is on track, and we are confident that it will significantly augment the value creation journey going forward.”