Thursday 31 Oct, 2024 12:03 PM
Site map | Locate Us | Login
   DCM Shriram rises after PAT soars 95% YoY in Q2 FY25    Protean eGov drops after Q2 PAT slumps 14% YoY to Rs 28 cr    IRB Infra Q2 PAT rises 4% YoY to Rs 100 cr    RattanIndia Enterprises Ltd leads gainers in 'A' group    Elpro Intl soars after acquiring equity stake in healthcare focused solutions provider Sagility    Cipla spurts after USFDA classifies Goa unit as VAI    Volumes soar at Grindwell Norton Ltd counter    Tata Power Company gains after Q2 PAT rises 7% YoY to Rs 1,093 cr    NSE SME Usha Financial Services drops on debut    Jupiter Wagons spurts after acquisition    Healthcare stocks edge higher    Industrials stocks rise    Capital Goods stocks edge higher    L&T rallies after Q2 PAT jumps 5% YoY to Rs 3,395 cr    Biocon slips after recording loss of Rs 16 crore in Q2 
Saravan Stocks
       
Hot Pursuit
Scrips, which has significant changes during the market hours.
Quess Corp slides after Q2 PAT decline 16% QoQ to Rs 94 cr
29-Oct-24   14:25 Hrs IST

However, Revenue from operations increased 3.52% QoQ to Rs 5179.36 crore in Q2 FY25.

On year on Year (YoY) basis, the company's consolidated net profit and revenue jumped 31.97% and 9.08% respectively in Q2 FY25.

Profit before tax stood at Rs 102.12 crore in Q2 FY25, registering a growth of 28.83% from Rs 79.27 crore recorded in Q2 FY24.

During the quarter, EBITDA was at Rs 196 crore in Q2 FY25, registering the growth of 16.67% YoY. EBITDA margin improved to 3.8% in Q2 FY25 as against 3.5% in Q2 FY24.

The company's headcount stood at 6,09,214, up 11% YoY and 2% QoQ in Q2 FY25.

Revenue from workforce management surged by 13% year-on-year (YoY) to Rs 3,747 crore in Q2 FY25, up from Rs 3,315 crore in Q2 FY24. The company added 128 new contracts with an annual contract value (ACV) of Rs 101 crore during this period, along with 74 new contracts in General Staffing.

In Q2 FY25, revenue from global technology services rose by 7% YoY to Rs 625 crore. This growth was supported by the acquisition of 53 new contracts, which have an annual contract value (ACV) of approximately Rs 117 crore, primarily driven by the Banking, Financial Services, and Insurance (BFSI) and E-commerce sectors.

During the quarter, revenue from operating asset management increased by 9% YoY to Rs 768 crore. The company secured 48 new contracts with an annual contract value (ACV) of Rs 44 crore, primarily driven by growth in the Industrial, Healthcare, and IT/ITeS sectors. Quarter-on-quarter revenue growth was supported by a 5% increase in Integrated Facility Management Services (IFMS), a 17% rise in Telecom Infrastructure, and an 11% growth in Industrial Operations & Maintenance (O&M).

Guruprasad Srinivasan, enforcement directorate (ED) & Group CEO, said, 'We are pleased to report a solid quarter with quarterly revenue of Rs 5,179 crore and EBITDA margin uptick of 23 bps YoY, underpinned on broad-based performance across our platforms. During the quarter, Quess became a 6,00,000+ headcount strong organization. WFM delivered healthy topline growth with headcount additions in Retail and Logistics verticals, and increasing salience of GCCs supported IT staffing. Improving international contribution in GTS and growth in F&B and telecom business in OAM contributed to higher realizations.

Our committed approach of financial and operational prudence has resulted in increased business efficiencies. We have also been strategically investing to strengthen platform-wise capabilities to ensure they are optimally positioned for future opportunities. We are progressing on-track towards our proposed demerger and are confident of long-term value creation for our stakeholders.'

Quess Corp provides a host of managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, manufacturing, facilities & security management, HR & F&A operations, IT & mobility services etc.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID: info@ssplwealth.com       Customers grievances : grievances@ssplwealth.com     Compliance officer : Mr.R Udayakumar , compliance@ssplwealth.com,  Mobile No: 7305522205
Hit Count : 36541110
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL WEALTH Pvt. Ltd