Quess Corp Limited has informed the Exchange regarding a press release dated May 19, 2025, titled "Please find enclosed herewith a copy of the Press Release titled Quess Corp s FY25 Revenue up 9% YoY to ₹14,967 cr and Adjusted PAT up 54% YoY dated May 19, 2025.".
QUESS · price
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Awaiting price reaction for this filing.
Quess Corp reported its first results after the April 2025 demerger, with FY25 revenue rising 9% year-on-year to ₹14,967 crore. Adjusted PAT jumped 54% to ₹210 crore, and EBITDA grew 12% to ₹262 crore, while net cash strengthened from ₹39 crore to ₹255 crore. However, reported PAT fell 66% to ₹46 crore due to one-time exceptional items like goodwill impairment and demerger expenses. The board recommended a ₹6 per share final dividend and introduced a new policy of distributing up to 75% of free cash flow. The management targets a 20% ROE going forward, with Professional Staffing and Middle East operations leading growth, while General Staffing faced weakness from NBFC ramp-downs.
Positive for shareholders: strong adjusted profit growth, robust cash position, and an improved dividend policy signal confidence. However, the sharp drop in reported PAT and continued headwinds in Singapore and NBFC-linked staffing could weigh on near-term sentiment.