Quess Corp Shares Surge 12% Following Q4 Profit Turnaround
Quess Corp shares zoom 12% as Q4 swings to profit from year-ago loss
Business Standard
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Quess Corp's shares rose by 12.4% on the Bombay Stock Exchange (BSE) after the company reported a net profit of ₹64.13 crore for Q4FY26, reversing a loss from the previous year. The staffing solutions firm plans to expand its operations domestically and internationally while focusing on improving profitability.
- 01Quess Corp's shares increased by 12.4% following a profitable Q4FY26 report.
- 02The company achieved a net profit of ₹64.13 crore, compared to a loss of ₹95.49 crore a year earlier.
- 03Revenue for the quarter reached ₹3,892.45 crore, marking a 6.4% year-on-year increase.
- 04Quess Corp declared a special interim dividend of ₹3 per equity share.
- 05The company aims to enhance its domestic growth and expand into new international markets.
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Quess Corp, a leading staffing solutions provider based in Bengaluru, saw its shares rise by 12.4% on the Bombay Stock Exchange (BSE), reaching an intra-day high of ₹237.9 per share. The company reported a net profit of ₹64.13 crore for the March quarter (Q4FY26), a significant turnaround from a net loss of ₹95.49 crore during the same period last year. Revenue also increased to ₹3,892.45 crore, up 6.4% from ₹3,656.4 crore a year ago. The company’s Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose to ₹86 crore, with an EBITDA margin of 2.2%. Lohit Bhatia, CEO of Quess Corp, highlighted the addition of approximately 26,000 employees to their staffing solutions business despite facing regulatory challenges. The company also announced a special interim dividend of ₹3 per equity share for the financial year 2025-26. Looking forward, Quess Corp plans to strengthen its domestic operations and explore new international markets, aiming to improve its operating EBITDA margins and drive revenue growth.
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The profit turnaround and dividend declaration could enhance investor confidence and attract new investments, benefiting the company's growth trajectory.
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