Quess Corp Limited has informed the Exchange regarding Board meeting held on May 19, 2025.
QUESS · price
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Quess Corp's Board approved audited consolidated and standalone results for Q4 and FY25 (ended March 31, 2025), with statutory auditor Deloitte Haskins & Sells LLP issuing a qualified opinion on both. The qualification relates to disputed income tax deductions under Section 80JJAA, where the company has assessed ₹2,963.84 million as contingent liabilities pending resolution. Consolidated revenue from continuing operations grew ~9.3% YoY to ₹1,49,672 million, but profit from continuing operations fell sharply to ₹459 million from ₹1,354 million, dragged by exceptional items of ₹1,643 million (mainly ₹1,187 million credit loss on trade receivables, demerger expenses, and goodwill impairment). The Board recommended a final dividend of ₹6 per share (60%), aggregating to ₹894 million, subject to shareholder approval. The Composite Scheme of Arrangement (demerger of Digitide Solutions and Bluspring Enterprises) became effective on March 31, 2025, leading to restated prior-period numbers. The registered office is shifting within Bengaluru from May 20, 2025.
Shareholders should note the qualified audit opinion on tax matters and the sharp drop in profitability driven by one-time exceptional items and credit loss provisions. However, the continued dividend declaration and stable revenue growth suggest management confidence in underlying operations, while the completed demerger has significantly reshaped the company's structure going forward.