Unlocking the Financial Success of Quess Corp in 2023-24 ๐
Quess Corp, a business services provider, has showcased remarkable financial performance in the quarter ended March, witnessing a significant rise in revenues and profits. The companyโs strategic focus on profitable growth and operational optimization has led to impressive outcomes, setting a strong foundation for future growth and value creation. Letโs dive deeper into the key highlights of Quess Corpโs financial success in 2023-24:
Record Revenues and Profits ๐
- Quess Corp reported revenues of Rs 4910 crore for the quarter ended March, marking an 11% year-on-year increase.
- The companyโs profit after tax (PAT) saw a remarkable 226% year-on-year surge, reaching Rs 98 crore.
- EBITDA also witnessed a substantial growth of 28% year-on-year, standing at Rs 195 crore.
- The companyโs board recommended a final dividend of Rs 6 per share, resulting in a total dividend payout of Rs 10 per share for the financial year 2023-24.
- Quess Corp recorded an EPS of Rs 6.31 for the March quarter, reflecting a 184% increase year-on-year.
- For the financial year 2023-24, the EPS stood at Rs 18.61, showcasing a 24% jump year-on-year.
CEOโs Insights on the Financial Results ๐ก
- Guruprasad Srinivasan, the CEO of Quess Corp, highlighted the companyโs achievements in 2023-24, emphasizing the highest ever revenue and EBITDA figures.
- The focus on profitable growth and operational simplification led to a non-linear increase in EBITDA and PAT, showcasing the companyโs commitment to driving sustainable financial performance.
- The GTS and OAM platforms experienced significant margin expansion, driven by operational efficiencies and business leverage, while the WFM platform demonstrated robust headcount growth, particularly in Manufacturing and Retail sectors.
- The ongoing 3-way demerger of Quess Corp is progressing as planned, with the company expecting substantial value creation opportunities in the future.
Hot Take: Embracing Financial Excellence in 2023-24 ๐ฅ
As a crypto enthusiast, you can draw inspiration from Quess Corpโs success story in 2023-24, highlighting the importance of strategic focus, operational efficiency, and value creation in driving sustainable growth and financial performance. By staying committed to your financial goals and leveraging innovative strategies, you too can unlock new opportunities and achieve remarkable success in the dynamic crypto market. Embrace the lessons learned from Quess Corpโs journey and pave the way for your own financial excellence in the crypto space!