The share of one of the leading business services providers gained up to 6.2 percent after the company’s announced second-quarter results.
Quess Corp Ltd is a small-cap company with a market capitalization of Rs 6,340.5 crores. The company shares were trading at Rs 440.25 a share, an increase of 3.05 percent from the previous close price of Rs 427.20 a share.
Looking into the company’s financials, Quess Corp Ltd’s revenue increased by 3.4 percent On Q&Q from Rs. 4,604.2 crores in Q1FY24 to Rs.4,763.4 crores in Q2 FY 24. Further, During the same period, net profit increased by 47.4 percent from Rs 48.1 crores to Rs 70.9 crores.
Quess Corp Ltd revenue increased by 11.23 percent On YnY from Rs. 4,282.1 crores in Q2FY23 to Rs.4,763.4 crores in Q2FY24. Further, During the same period, net profit increased by 70.9 percent from Rs 39.6 crores to Rs 70.9 crores.
Quess Corp Ltd reported a decrease in the debt-equity ratio from 0.25 percent in FY 2022-23 to 0.21 percent in FY 2023-24. Further, Quess Corp reported a net profit margin is 1.3 Percent in a recent financial year.
Quess Corp Ltd stock gave a 19.41 percent return in six months.
Quess Corp Ltd’s recent shareholding pattern, The Promoters of the Company own 56.67 percent, Retail shareholders own a 16.2 percent stake in the company and Foreign Institutional Investors own a 16.93 percent stake.
Quess Corp Ltd is India’s leading business services provider, leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions.
Written By:- Abhishek Singh.
