Quess Corp Limited has informed the Exchange that Board of Directors at its meeting held on May 19, 2025, recommended Final Dividend of 6 per equity share.
QUESS · price
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Quess Corp's Board met on May 19, 2025 and recommended a final dividend of Rs.6 per equity share (60% on face value of Rs.10) for FY25, taking total FY25 dividend to Rs.10 per share (Rs.6 final + Rs.4 interim already paid in February 2025). Total dividend outflow for the year aggregates to roughly Rs.1,487 million (Rs.893.69 million final + Rs.593.66 million interim), subject to shareholder approval at the AGM. The Board also approved audited FY25 results showing a consolidated profit of Rs.458.89 million from continuing operations (vs Rs.1,354.08 million in FY24 restated), with Q4 FY25 alone posting a loss of Rs.954.48 million. Statutory auditor Deloitte Haskins & Sells LLP issued a qualified opinion primarily due to disputed income tax deductions under Section 80JJAA, with a contingent liability of Rs.2,963.84 million flagged. The Composite Scheme of Arrangement (demerger of Digitide Solutions and Bluspring Enterprises) became effective on March 31, 2025, with an appointed date of April 1, 2024. Additionally, a Rs.716.56 million PF demand remains sub judice, and the registered office is shifting within Bengaluru.
The dividend is a positive cash return for shareholders, but the sharp drop in continuing-operations profit, the qualified audit opinion, ongoing tax and PF disputes, and the recently completed demerger create near-term uncertainty for the stock. Investors should weigh the dividend yield against the contingent liabilities and the reduced earnings base post-demerger.