Quess Corp Ltd reported mixed set of numbers for Q4FY18. The top-line grew by 52.5% yoy and 19.4% qoq to Rs1,891cr against consensus estimates of Rs1,820cr. EBITDA came in at Rs109.3cr, up 55.4% yoy and 20.3% qoq against consensus estimates of Rs109.0cr. EBITDA margin expanded by 11bps yoy and 4bps qoq to 5.8%. Reported PAT grew by 129.2% yoy and 24.9% qoq to Rs77cr against consensus estimates of Rs82cr.
Employee cost declined by 242bps yoy and 253bps qoq to 80.1% of sales. Cost of purchases declined by 16bps yoy and 31bps qoq to 2.2% of sales. Other expenses grew by 247bps yoy and 280bps qoq to 12.0% of sales.
Depreciation increased by 116.6% yoy and 55.5% yoy to Rs28cr. Interest expense increased to Rs25cr, up 52% yoy and 42.4% qoq.
Other income increased to Rs24cr from Rs3cr in Q4FY17 and Rs13cr in Q3FY18.
Employee headcount grew by ~64% yoy to ~261,700 for FY18.
Quess Corp Ltd is currently trading at Rs. 1,175.35, down by 3.5 points or 0.3% from its previous closing of Rs. 1,178.85 on the BSE.
The scrip opened at Rs. 1,190 and has touched a high and low of Rs. 1,200 and Rs. 1,175.35 respectively. So far 30,363 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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