Q3FY17 Results: Quess Corp Ltd.

Quess Corp Ltd. reported its results for the quarter ended December 31, 2016 late yesterday evening. The consolidated numbers were very positive, showing respectable revenue growth and spectacular operational and net profit performance when compared with the year ago quarter. The sequential performance was largely low key.

The total sales for Q3FY17 came in at Rs 1026.6 crore, which represents 0.87 per cent sequential increase and 13.26 per cent YoY increase. The operating profit (EBIT) for the quarter amounted to Rs 49.27 crore and the EBIT margin stood at 4.8 per cent.

In terms of the bottomline, the company reported PAT of Rs 30.96 crore, which represents a sequential QoQ increase of 2.79 per cent and a YoY increase of 79.37 per cent.

The company's stock, which closed at Rs 669 on the BSE yesterday, has risen by 0.39 per cent today and is currently trading around Rs 669.
 
Quess Corp is one of India’s leading integrated business services providers handling end-to-end business functions. The company offers comprehensive solutions including recruitment, temporary staffing, technology staffing, IT products and solutions, skill development, payroll, compliance management, integrated facility management and industrial asset management services. As of March 31, 2016, the company's key clients include some of the world’s largest, reputable organisations, including 20 companies ranked in the 2015 Fortune Global 500 list.