Quess Corp shares jump 5% after PAT rises 117% in Q1FY25

The net sales grew 8.76% to ₹5,003.11 crore in Q1FY25 from ₹4,600.21 crore in the year-ago period. Net profit stood at ₹103.81 crore against ₹47.81 crore in the June 2023 quarter. Earnings before interest, taxes, depreciation, and amortization (EBITDA) 22.78% to ₹193.93 crore from ₹157.95 crore in the corresponding quarter of the previous fiscal.

Earnings per share (EPS) increased to ₹ 6.99 in June 2024 from ₹3.23 in the year-ago period.

“In the first quarter of the year, we delivered a robust performance. The organization strengthening and optimization of operational efficiencies that Quess has undertaken over the last few quarters has shown results, and we expect this trend to continue. Also, the government's focus on jobs will create a beneficial external environment for Quess and our demonstrated execution skills should help us leverage the opportunity that is now opening up,” said Guruprasad Srinivasan, ED & Group CEO.

Shares touched a 52-week low of ₹397.90 on August 21, 2023. The company’s market capitalisation, at current market price of ₹724.05 per share, stands at ₹10,752.82 crore. The shares have gained over 69% in the last one year.

On a technical level, Quess Corp’s relative strength index (RSI) is at 75.2, indicating that the stock is in an overbought zone. The stock is trading above the 5, 10, 50, 20, 100 and 200-day moving averages (DMA).

Meanwhile, benchmark indices were trading in the green on Tuesday. The NSE Nifty 50 was trading 0.41% or 100 points higher at 24,937.05 and the BSE Sensex was 335 points or 0.41% at 81,686.29.