Review

QUESS CORP LTD.

Ticker : 539978
FV : Rs 10
52-Week H/L : Rs 990/371

We recommended Quess Corp Ltd in volume no. 37, issue no. 48 (dated September 20, 2021) when the scrip was trading at Rs 951. The consolidated quarterly financials state that the company recorded a 23.97 per cent increase in the net sales and operating income, which stood at Rs 2,986.91 crore for Q1FY22 as compared to the net sales & operating income of Rs 2,409.43 crore reported for Q1FY21. The quarter recorded an operating profit of Rs 151.72 crore in Q1FY22 as compared to the operating profit of Rs 137.27 crore posted in Q1FY21. The company reported a net profit of Rs 44.61 crore in Q1FY22, down by 5.37 per cent as compared to Rs 47.14 crore recorded in Q1FY21. The company reported that it had a net addition of 50,000 people in the last 12 months. Primarily, the growth was attributed to a host of secular-based growth across the portfolio. The company looks forward to getting that growth back as more consumerism happens in Q3 and Q4 of FY21. Hence, we recommend HOLD.