Quess Corp Ltd (NSE: QUESS): The December quarter results of business service provider Quess Corp have been released. Profits have decreased by 25 percent compared to the previous year. The company’s revenue has increased by 8 percent compared to the previous year.
The company claims that despite an increase in revenue, the decrease in profit was due to one-off extraordinary expenses.
The company’s EBITDA has increased during the last quarter. The company announced its results and dividends to investors.
How Were The Results?
Profits have decreased from Rs 85 crores to Rs 64 crores compared to the previous year. This has decreased by 25 percent. Profits have also fallen 10 percent since the September quarter.
If they exclude one-time extra expenses, according to the company the adjusted profit increased by 162 percent compared to last year, and by 15 percent compared to the September quarter.
The total revenue of the company, which was Rs 4466 crore last year, has increased 8 percent to Rs 4842.
The income has increased by 2 percent from quarter to quarter.
EBITDA increased by 24 percent to Rs 181 crore from last year. EBITDA in the September quarter was Rs 164 crore compared to Rs 145 crore last year.
What Is The Dividend Announcement?
Investors will also receive an interim dividend of Rs 4 per share. The interim dividend record date has been set for Monday, 12 February.
Dividends will be paid before or on February 22. The results of the company were announced on Saturday.
The stock of Quess Corp was closed at 493.8 on Friday with a drop of 2.5 percent. The share may go up to ₹576 and ₹612.
About Quess Corp Ltd Company
Quess Corp Limited is a company based in India. The company offers services in workforce and asset management as well as global technology solutions.
The four segments are Workforce Management, Global Technology Solutions (GTS), Operating Asset Management (OAM), and Product-Led Business.
The workforce management segment offers comprehensive staffing solutions and services for IT staffing, general recruitment, executive search, recruitment outsourcing, payroll, and recruitment process outsourcing.
Operating asset management provides food, janitorial, hospitality, and other services.
Global Technology Solutions provides technology solutions and business process outsourcing services.
The product-led segment offers hiring technology platforms, workforce management tools, and break-fix services.
The company’s total operating revenue is Rs 12196.35 crores. The company’s equity capital is Rs 148.23 Crores.
Fundamental Analysis of Quess Corp Ltd
| Market Cap | ₹ 7,333 Cr. |
| Current Price | ₹ 494.95 |
| 52-wk High | ₹ 538.90 |
| 52-wk Low | ₹ 337.55 |
| Stock P/E | 31.37 |
| Book Value | ₹ 182 |
| Dividend | 1.62 % |
| ROCE | 9.39 % |
| ROE | 7.37 % |
| Face Value | ₹ 10.0 |
| P/B Value | 2.71 |
| OPM | 3.49 % |
| EPS | ₹ 14.6 |
| Debt | ₹ 961 Cr. |
| Debt to Equity | 0.36 |
Quess Corp Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹576 | ₹612 |
| 2025 | ₹625 | ₹654 |
| 2026 | ₹660 | ₹695 |
| 2027 | ₹700 | ₹734 |
| 2028 | ₹750 | ₹822 |
| 2029 | ₹850 | ₹900 |
| 2030 | ₹954 | ₹1145 |
Quess Corp Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.90% |
| Mar 2023 | 56.75% |
| June 2023 | 56.69% |
| Sept 2023 | 56.66% |
| Dec 2023 | 56.65% |
| FII Holding | |
| Dec 2022 | 21.78% |
| Mar 2023 | 17.92% |
| June 2023 | 17.04% |
| Sept 2023 | 16.93% |
| Dec 2023 | 16.30% |
| DII Holding | |
| Dec 2022 | 8.04% |
| Mar 2023 | 6.56% |
| June 2023 | 7.33% |
| Sept 2023 | 10.18% |
| Dec 2023 | 10.66% |
| Public Holding | |
| Dec 2022 | 18.29% |
| Mar 2023 | 18.77% |
| June 2023 | 18.94% |
| Sept 2023 | 16.22% |
| Dec 2023 | 16.40% |
Quess Corp Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 8,527 Cr |
| 2020 | ₹ 10,991 Cr |
| 2021 | ₹ 10,837 Cr |
| 2022 | ₹ 13,692 Cr |
| 2023 | ₹ 18,631 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 257 Cr |
| 2020 | ₹ -432 Cr |
| 2021 | ₹ 74 Cr |
| 2022 | ₹ 251 Cr |
| 2023 | ₹ 213 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.28 |
| 2020 | 0.44 |
| 2021 | 0.19 |
| 2022 | 0.24 |
| 2023 | 0.21 |
Last 10 Years’ Profit Growth:
| 10 Years: | 31% |
| 5 Years: | -10% |
| 3 Years: | 1% |
| Current Year: | 3% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 10% |
| 5 Years: | 7% |
| 3 Years: | 6% |
| Last Year: | 7% |
Sales Growth Over 10 Years:
| 10 Years: | 33% |
| 5 Years: | 23% |
| 3 Years: | 16% |
| Current Year: | 13% |
Conclusion
This article is a complete guide about Quess Corp Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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