Quess Corp Ltd share Price Today

BPO/KPO company Quess Corp announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue of Rs 4,910 crore up by 11% YoY and 1% QoQ
• EBITDA at Rs 195 crore up by 28% YoY and 8% QoQ with GTS EBITDA at record levels of Rs 113 crore
• PAT at Rs 98 crore up by 226% YoY and 54% QoQ
• Corporate structure simplification - Announced a three way demerger and successful divestments of two businesses

FY24 Financial Highlights:

• Revenue of Rs 19,100 crore up by 11% YoY and highest-ever EBITDA of Rs 694 crore up by 18% YoY
• EBITDA Margin expansion YoY by 22 bps to 3.6%
• PAT up by 26% YoY to Rs 280 crore, and EPS is up by 24% to 18.6 per share
• OCF / Operating EBITDA conversion at 67%; OCF at Rs 338 crore
• Net cash position improved by Rs 150 crores to Rs 232 crores with reduction of DSO by 4 days to 53 days

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are delighted to announce our financial results with highest ever Revenue and EBIDTA for FY24. Our focus on profitable growth and simplification of operations within platforms has resulted in non-linear increase in EBITDA and PAT. GTS and OAM platforms witnessed significant expansion in margin profile during the year led by operating leverage and business efficiencies. WFM 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.”

Result PDF