Financial Results for the quarter and financial year ended March 31, 2026.
QUESS · price
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Quess Corp reported FY26 consolidated revenue of ₹1,53,052 million, up 2.3% from ₹1,49,672 million in FY25. Profit after tax (PAT) surged to ₹2,222 million from ₹459 million in FY25, a significant improvement primarily due to lower exceptional items (₹81 million vs ₹1,643 million in FY25 which included goodwill impairment). For Q4 FY26, revenue was ₹39,297 million with PAT of ₹551 million, compared to a loss of ₹954 million in Q4 FY25. The statutory auditor Deloitte issued a qualified opinion due to uncertain tax deductions of ₹3,880 million claimed under Section 80JJAA and depreciation on goodwill that have been disputed by the Income Tax Authority. An Emphasis of Matter was raised on provident fund demands of ₹717 million. The company declared a special interim dividend of ₹3 per share (celebrating 10 years of listing) and recommended a final dividend of ₹3 per share.
The qualified auditor opinion on tax deductions creates uncertainty around potential tax liabilities. The strong PAT recovery from FY25's loss shows operational improvement but revenue growth remains modest at 2.3%. Shareholders should monitor the income tax dispute outcome as it could impact future profitability.