Quess Corp posts Rs 64-cr profit in Q4

Mumbai, May 5 (PTI) Staffing and workforce solutions provider Quess Corp has posted a consolidated profit of Rs 64.34 crore during the March quarter.
     The company had posted a loss of Rs 95.44 crore in the year-ago period, Quess Corp said in a regulatory filing.
     The loss resulted from one-time exceptional items in FY25, including expected credit loss provision for discontinued projects (Rs 118.7 crore), impairment on goodwill (Rs 25.9 crore) and demerger expense (Rs 13.4 crore).
     Revenue from operations grew 6.45 per cent to Rs 3,892.45 crore during the quarter under review compared with Rs 3,656.42 crore a year earlier.
     "We closed the year strong with EBITDA of Rs 312 crore, up 19 per cent YoY and PAT of Rs 230 crore, up by 10 per cent YoY. The Board approved a special interim dividend of Rs 3 per share for 10 years of IPO and a final dividend of Rs 3 per share, staying true to our commitment to shareholders in line with Quess' guiding principles," Quess Corp CEO Lohit Bhatia said.
     "On the global front, strong performances from the UAE, Malaysia, and the Philippines drove our Overseas Business to close the year with 21 per cent EBITDA growth. Despite regulatory and global headwinds, our Staffing Solutions business added around 26,000 to its headcount," he added.

(This story has not been edited by THE WEEK and is auto-generated from PTI)