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Home STOCKS Quess Corp profit drops 36% to Rs 36 crore in Q1

Quess Corp profit drops 36% to Rs 36 crore in Q1

BENGALURU: Quess Corp reported a 36% decline in net profit to Rs 36 crore throughout the 1st quarter.
The business enterprise solutions company noticed a flat revenue at Rs 2,409 crore, mainly on account of Covid-19 influence on typical staffing, and other segments.
On a sequential basis, the company’s revenue dropped 20%.
The company’s net profit all through the quarter to June features a Rs 14 crore just one-off fair value achieve on Terrier consolidation.
Quess Corp additional all around 200 new customers added by means of the quarter, in existing and new services traces.
“While this quarter was greatly impacted by Covid-19, our continued concentration on consumers, expense, and cash are demonstrating early outcomes in our working metrics. We consider that Quess will disproportionately reward from our built-in enterprise system, market-foremost sales functionality, electronic execution, and remarkable balance sheet. We keep on to execute towards our OCF advancement and ROE goals, and are optimistic about the potential,” explained Suraj Moraje, CEO & ED, Quess Corp.

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