Quess Corp Ltd.'s Q3FY17 net profit surges 82.4% yoy to Rs. 31 crore

India Infoline Research Team | January 24, 2017 09:49 IST

Quess Corp Ltd Q3FY17

Consolidated Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 1,027 13.4
EDITDA 56 40.0
EBITDA Margin (%) 5.5 103
Net Profit (adjusted) 31 82.4
***EBITDA margin change is bps

Quess Corp's Q3FY17 consolidated results for the quarter registered a miss versus consensus revenue estimates. Revenue for the quarter came in 7.5 % lower than the estimated figure of Rs. 1109 crore.

Quess Corp consolidated revenue for the quarter came in at Rs. 1027 crore, registering a 13.4% YoY increase. This was primarily driven by the Global technology Solutions segment revenues growing 31.2% YoY.

EBITDA for the quarter rose by 40% YoY to Rs. 56 crore with a corresponding margin expansion of 103 bps. EBITDA margin for the quarter stood at 5.5%. This margin expansion was aided by performance in key segments with significant contribution from Brainhunter and MFX which have been EBITDA positive for the past two quarters.

The PAT for the quarter came in at Rs. 31 crore, a YoY increase of 82.4%. This was due to a strong operational performance and a 333.8% YoY spurt in other income.

Technical View:

Quess Corp Ltd is currently trading at Rs. 667.85, down by 10.3 points or 1.52% from its previous closing of Rs. 678.15 on the BSE.
The scrip opened at Rs. 677 and has touched a high and low of Rs. 692.1 and Rs. 663 respectively. So far 26524(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.

BSE 811.25 [4.45] ([0.55]%)
NSE 808.00 [9] ([1.10]%)

***Note: This is a NSE Chart



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