Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Analyst Call - Recording07-11-2023
07-11-2023
Quess Corp Ltd - 539978 - Compliance Under Regulation 32 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Statement of Deviation07-11-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Quess Corp Ltd.
BPO/KPO company Quess Corp announced Q2FY24 & H1FY24 results: 1. Financial Performance: Q2FY24: Quess Corp's Q2 revenue increased by 11% YoY, reaching Rs 4,748 crore. The company reported a significant growth in PAT, with a 79% YoY increase to Rs 71 crore. EBITDA at Rs 164 crore up by 21% YoY and 6% QoQ H1FY24: Revenue of Rs 9,349 crore up by 13% YoY EBITDA at Rs 317 crore up by 10% YoY PAT at Rs 119 crore up by 10% YoY Net cash at Rs 138 crore, increased by Rs 56 crore from March’23, H1FY24 OCF to EBITDA at 62% 2. Business Highlights: - Quess Corp's higher margin platforms, GTS and OAM, saw increased profitability and improved margins. - The listed subsidiary, AllSec, achieved a market cap of 1,000+ crore with a CAGR of 23% since 2019. - The WFM platform continued to deliver steady growth despite global headwinds from the IT sector. - The Foundit platform experienced robust sales growth of 35% YoY and 20% QoQ. 3. Segment Performance: - Workforce Management vertical reported a total headcount of 430k, a 14% YoY increase. - Global Technology Services segment achieved 11% YoY growth, backed by 5G and 4G deployments. - Operating Asset Management showed growth in the food business, with a 33% YoY increase in gross margin. - Product-led business witnessed steady growth, with a 13% YoY increase in revenue. Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are delighted to report robust revenues of Rs 4,748 crore, up by 11% YoY and a PAT of 71 crore, up by 79% YoY. This growth is due to focused efforts over the last few quarters in developing greater automation in our platforms building operational efficiencies and focusing on high-margin businesses. Our higher margin platforms, GTS and OAM have delivered a consistent increase in profitability along with improvement in margins over the last few quarters. Our listed subsidiary AllSec has surpassed a market cap of 1,000+ crore with a CAGR of 23% from our initial investment in 2019. WFM platform continues to deliver steady growth despite global headwinds from the IT sector. In product-led business, our investment in people, technology, and marketing activities continues. We remain bullish about future growth prospects and our consolidation efforts have started to yield positive results to help us realize non-linear profit growth from our all-weather business model.” Result PDF07-11-2023
Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Press Release / Media Release (Revised)
Press Release (revised)07-11-2023
Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation06-11-2023
Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release06-11-2023
Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Acquisition
Acquisition of equity shares in subsidiaries of the Company06-11-2023
Quess Corp Ltd - 539978 - Results-Financial Results For 30Th September, 2023
Results-Financial Results for 30th September, 202306-11-2023
Quess Corp Ltd - 539978 - Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On November 06, 2023
Outcome of Board Meeting of the Company held on November 06, 202306-11-2023
Quess Corp Ltd - 539978 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Schedule of the conference call for analysts and investors31-10-2023