Quess Corp's Remarkable Turnaround: From Loss to Profit

Quess Corp reported a significant turnaround, posting a Rs 64.34 crore profit for the March quarter, compared to a Rs 95.44 crore loss last year. Revenue rose by 6.45%, driven by strong international performance and an increase in staff. The company issued special dividends for its shareholders.

Quess Corp, a staffing and workforce solutions provider, has reported a consolidated profit of Rs 64.34 crore for the March quarter, marking a significant recovery from a Rs 95.44 crore loss in the same period last year.

The company's previous losses were attributed to one-time exceptional items, including an expected credit loss provision for discontinued projects, goodwill impairment, and demerger expenses.

Revenue from operations saw a 6.45% increase to Rs 3,892.45 crore. CEO Lohit Bhatia highlighted overseas successes and staffing growth, while the board announced special dividends as a token of thanks to shareholders.