Business EconomyPosted at: Jul 30 2024 4:24PM


Quess Corp reports Rs 5,003 cr revenue; EPS jumps 116 pc in Q1FY25

Bengaluru, July 30 (UNI) In a remarkable display of growth, Quess Corp, a premier business services provider in India, has reported an impressive revenue of Rs 5,003 crore in Q1FY25, marking a significant milestone as it surpasses the Rs 5,000 crore mark in quarterly revenue for the first time.
The company expanded its workforce by 14% year-over-year, now boasting over 597,000 employees. Revenue for the quarter reached Rs 5,003 crore, reflecting a 9% increase year-over-year and a 2% rise quarter-over-quarter.
Quarterly EBITDA stood at Rs 184 crore, up by 19% compared to the same quarter last year, although it saw a 6% decline from the previous quarter. PAT (Profit After Tax) soared to Rs 112 crore, up by 132% year-over-year and 14% from the previous quarter. EPS (Earnings Per Share) surged by 116% year-over-year and 10% quarter-over-quarter, reaching Rs 6.9 per share.
Despite Q1 traditionally being a seasonally weaker period for the company, Quess Corp has demonstrated robust performance with notable revenue and EBITDA growth. This quarter also saw a remarkable EPS increase, underscoring the company's strong financial health and operational efficiency.
Commenting on the results, Guruprasad Srinivasan, Executive Director and Group CEO, highlighted that the company had delivered a robust performance in the first quarter. He noted that the recent strengthening and optimization of operational efficiencies had shown positive results and expected 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," he mentioned. UNI BDN CS1623
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Tags: #Quess Corp reports Rs 5#003 cr revenue; EPS jumps 116 pc in Q1FY25
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