Quess Corp Reports 11% Revenue Growth and 226% Rise in Q4 PAT; Announces Highest-Ever Dividend of Rs 10 per Share

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Posted by pallavi on 2024-11-29 18:02:22 |

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Quess Corp reported a stellar performance in Q4 of FY24, demonstrating its resilience and growth trajectory despite challenging market conditions. The company recorded an 11% year-on-year increase in revenue, reaching ₹4,910 crore compared to ₹4,440 crore in Q4 of FY23. This consistent growth reflects Quess Corp’s ability to leverage its diversified portfolio and expand its client base across key sectors.

Profit After Tax (PAT) showed remarkable growth, surging by 226% to ₹98 crore from ₹30 crore in the same quarter of the previous fiscal year. This significant recovery followed a prior quarter's dip in PAT caused by one-off exceptional expenses, highlighting the company’s capability to bounce back with strong financial discipline. The EBITDA for the quarter also grew by 28%, standing at ₹195 crore, underscoring improvements in operational efficiency and margin optimization.

The workforce expansion by 11% to 5,67,000 employees is a clear indicator of Quess Corp’s commitment to growth and service delivery. This increase aligns with the company’s strategic investments in talent acquisition to support its expanding operations. The board’s recommendation of a final dividend of ₹6 per share brings the total dividend for FY24 to ₹10 per share, the highest in the company’s history, showcasing its dedication to rewarding shareholders.

With these achievements, Quess Corp has set a strong foundation for sustained growth, solidifying its leadership position in the industry while delivering exceptional value to stakeholders.

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