Quess Corp Posts 25% YoY Revenue Growth and 72% Rise in Q3 Net Profit for December 2023

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Posted by pallavi on 2024-11-29 18:00:30 |

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Quess Corp delivered impressive financial performance for the December 2023 quarter, showcasing its strong operational and strategic growth. The company reported net sales of ₹3,959.28 crore, reflecting a robust 24.96% year-on-year increase from ₹3,168.53 crore in the corresponding quarter of 2022. This growth underscores Quess Corp's ability to capitalize on market opportunities and scale its business effectively across sectors.

Net profit for the quarter soared by an impressive 72.31%, reaching ₹101.43 crore compared to ₹58.87 crore in December 2022. The significant improvement in profitability highlights the company’s focus on optimizing its operational efficiency and leveraging its diverse portfolio to drive higher margins. The EBITDA surged by an exceptional 185.51%, climbing to ₹195.52 crore from ₹68.48 crore in the prior year, a testament to the company’s robust cost management and operational excellence.

Earnings per share (EPS) for the quarter rose to ₹6.83, compared to ₹3.97 a year ago, reflecting enhanced shareholder value. This remarkable financial performance has positively impacted investor confidence, with the stock price closing at ₹493.90 on February 2, 2024. Quess Corp's stock has delivered impressive returns of 15.14% over the past six months and 33.76% over the last 12 months, further cementing its position as a preferred choice for investors.

With a focus on sustainable growth and consistent financial performance, Quess Corp continues to strengthen its market presence, delivering value to both its stakeholders and customers.

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