Quess Corp’s Q4 PAT rises 226% to ₹98 crore, revenue up 11%

Total revenue rose 11% to ₹4,910 crore during the quarter. At the same time, earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 28% YoY to ₹195 crore while EBITDA margin expanded to 3.98%, up 55 basis points (bps) compared to the same period a year ago.

For the fiscal year 2024, revenue grew 11% to ₹19,100 crore. EBITDA for the year stood at ₹694 crore, up 18% YoY while net profit rose 26% to ₹280 crore. Quess Corp’s net cash position increased from ₹150 crore to ₹232 crore during the fiscal.

Guruprasad Srinivasan, executive director and group chief executive officer at Quess Corp said that non-linear growth was seen in EBITDA and PAT due to the company’s focus on profitable growth and simplification of operations. The company’s Global Technology Solutions and Operating Asset Management platforms saw significant expansion in margin profiles due to operational leverage and business efficiencies, he said.

During the quarter, Workforce Management’s revenue rose 14% YoY ₹3,476 crore while Global Technology Solutions saw a revenue of ₹604 crore, up 6% YoY. Meanwhile, Operating Asset Management saw its revenue rise 4% YoY to ₹710 crore. The Product Led business saw its revenue decline 4% during the quarter to ₹119 crore.

The firm said its board recommended a final dividend of ₹6 per share, translating to its highest-ever dividend payout of ₹10 per share for the financial year. Quess Corp also indicated its three-way de-merger announced during the quarter is on track, and that the firm remains confident it will significantly augment the value creation journey going forward.

Shares of the firm have gained nearly 19% since the beginning of the year. The stock has risen over 67% in the last one year.