Change in RTA
QUESS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Quess Corp reported audited FY26 consolidated revenue of Rs 1,53,052 million, up ~2.3% YoY from Rs 1,49,672 million. Net profit jumped to Rs 2,222 million from Rs 459 million YoY, with EPS at Rs 14.87 vs Rs 3.08 prior year. However, auditors Deloitte Haskins & Sells issued a qualified opinion due to Income Tax Authority disallowing Section 80JJAA deductions and goodwill depreciation claims for FY2017–2023, with the matter pending in judicial forum. Contingent tax liabilities stand at Rs 3,880 million. The Board declared a special interim dividend of Rs 3 per share (30%) marking 10 years of listing, and recommended a final dividend of Rs 3 per share. RTA changed from MUFG Intime India to KFin Technologies. One new director appointed and one non-executive director resigned.
Qualified audit opinion on tax deduction disputes creates uncertainty around reported profitability; shareholders should monitor the INR 3,880 million contingent liability and income tax resolution. Positive signals from strong PAT growth and dividend declarations, but tax risk remains a watch item.