Outcome of Board Meeting
QUESS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.0 pts more than Nifty Microcap 250 and 4.9 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quess Corp reported audited consolidated FY2026 results with revenue of Rs 153,052 million (up 2.3% YoY) and PAT of Rs 2,222 million (up 384% YoY from Rs 459 million). The significant PAT jump was partly due to lower exceptional items of Rs 81 million vs Rs 1,643 million last year. The Board declared a special interim dividend of Rs 3 per share (30%) to mark 10 years of listing, plus recommended a final dividend of Rs 3 per share, both aggregating Rs 896 million. Deloitte issued a qualified audit opinion citing uncertainty over Rs 3,880 million in income tax demands related to Section 80JJAA deductions and goodwill depreciation disallowances. The auditor also noted a provident fund demand of Rs 717 million under EPFO litigation. Mr. Anish Thurthi was appointed as Additional Director and Mr. Chandran Ratnaswami resigned. KFin Technologies was appointed as the new RTA.
The qualified audit opinion due to tax disputes represents a key risk factor. However, strong PAT growth and shareholder-friendly dividends signal confidence. The tax disputes could lead to additional liabilities if unfavorable, while the PF demand remains a contingent liability.