Quess Corp : gets income tax refund of ₹124.80 crore for FY24..

Quess Corp reported a net profit of Rs 32 crore for the July-September 2024 quarter, marking a 6 percent increase year-over-year. As of the end of September 2024, promoters owned 56.59 percent of the company's shares. On September 23, 2024, the stock reached a 52-week high of Rs 875 on the BSE.

Quess Corp

Quess Corp reported a 6% rise in net profit compared to the previous year, amounting to ₹32 crore for the second quarter ending on September 30, 2024. In the corresponding quarter of the last fiscal year, the company had posted a net profit of ₹71 crore, as stated in a regulatory filing.

Quess Corp has achieved its first ₹1,000 price target, leading to a 7% increase in its stock. The company's operational revenue rose by 9.1% to ₹5,179.3 crore, compared to ₹4,748.3 crore during the same period last year. EBITDA at the operational level increased by 16.2% to ₹195.5 crore in Q2 this year, up from ₹168.3 crore in the corresponding quarter last year. The EBITDA margin for the reviewed quarter was 3.8%, compared to 3.5% in the same period last year. EBITDA refers to earnings before interest, tax, depreciation, and amortization. Quess Corp reported an increase in its cash position in Q2 FY25, with net cash reaching ₹334 crore, an increase of ₹102 crore since March 2024. The company also showed strong operating performance, with an operating cash flow to EBITDA ratio of 86% for H1 FY25. Also Read: Quess Corp management forecasts 14-15% growth in FY25 revenue. Quess Corp Limited shares closed at ₹688.00, up ₹19.65 or 2.94% on the BSE.