Quess Corp Achieves 32% Profit Surge Despite Revenue Dip

Quess Corp reported a 32% increase in consolidated net profit for Q4, reaching Rs 55.09 crore. Despite a revenue dip of 2.22%, profitability was driven by high-margin businesses, particularly professional staffing and overseas segments. The board approved an interim dividend of Rs 5 per share.

Quess Corp, a prominent staffing and workforce solutions company, announced a substantial 32% rise in consolidated net profit for the fourth quarter, reaching Rs 55.09 crore.

This notable profit growth comes despite a 2.22% decline in the company's revenue, reported at Rs 3,929.70 crore.

The profit uptick is largely attributed to the firm's focus on high-margin businesses, such as professional staffing with a tech and niche skill emphasis, and its overseas segment, leading to significant EBITDA growth.

(With inputs from agencies.)