Quess Corp Ltd

The NCLT's Bangalore Bench approved the composite scheme of arrangement on 4 March 2025, paving the way for the demerger plan initially announced in February 2024. The demerger will result in three separate entities: Quess Corp (remaining company), Digitide Solutions (resulting company-1) and Bluspring Enterprises (resulting company-2). Quess Corp shareholders will receive one equity share in both Digitide Solutions and Bluspring Enterprises for each share they currently hold in Quess Corp. Quess Corp will continue to house India's largest workforce management company with a headcount of over 5 lakh and a footprint across 9 countries. Digitide Solutions will offer a comprehensive suite of solutions including BPM Services, Insurtech and HRO. With operations across 30 countries and delivery centres in Manila and India, it is well-positioned to capitalize on emerging BPM opportunities across diverse sectors. Digitide will leverage AI-driven technology to enable businesses in transforming data into enterprise power, provide real-time insights, automation, and scalability. Bluspring Enterprises will be an infra services company operating primarily in the areas of facility management, food services, security services, industrial and telecom infrastructure maintenance. Additionally, foundit - an AI driven white-collar job portal and candidate services platform, will be part of Bluspring Enterprises. The demerger aims to provide each entity with greater strategic focus and enhance their growth potential. Quess Corp is India's leading business services provider. It provides a host of managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, manufacturing, facilities & security management, HR & F&A operations, IT & mobility services, etc. On a consolidated basis, net profit of Quess Corp rose 25.98% to Rs 80.49 crore while net sales rose 13.99% to Rs 5519.07 crore in Q3 December 2024 over Q3 December 2023. Powered by Capital Market - Live

Quess Corp announced that the instruments rating by ICRA remains unchanged at AA (stable) long term and A1+ (short term and commercial paper) and continues on rating watch with developing implications due to the proposed demerger of Quess Corp into three separate listed entities - Quess Corp (Remaining Company), Digitide Solutions (Resulting Company-1) and Bluspring Enterprises (Resulting Company-2). Powered by Capital Market - Live

IRB Infrastructure Developers Ltd, Bandhan Bank Ltd, Escorts Kubota Ltd, Whirlpool of India Ltd are among the other stocks to see a surge in volumes on BSE today, 01 February 2025.Quess Corp Ltd registered volume of 7.82 lakh shares by 10:47 IST on BSE, a 54.71 fold spurt over two-week average daily volume of 14288 shares. The stock rose 6.90% to Rs.636.40. Volumes stood at 11392 shares in the last session.IRB Infrastructure Developers Ltd recorded volume of 30.14 lakh shares by 10:47 IST on BSE, a 3.05 times surge over two-week average daily volume of 9.87 lakh shares. The stock gained 2.88% to Rs.58.98. Volumes stood at 15.46 lakh shares in the last session.Bandhan Bank Ltd recorded volume of 5.34 lakh shares by 10:47 IST on BSE, a 2.24 times surge over two-week average daily volume of 2.38 lakh shares. The stock gained 0.99% to Rs.152.95. Volumes stood at 3.8 lakh shares in the last session.Escorts Kubota Ltd notched up volume of 4664 shares by 10:47 IST on BSE, a 1.65 fold spurt over two-week average daily volume of 2828 shares. The stock slipped 3.26% to Rs.3,508.50. Volumes stood at 1552 shares in the last session.Whirlpool of India Ltd recorded volume of 20007 shares by 10:47 IST on BSE, a 1.62 times surge over two-week average daily volume of 12343 shares. The stock gained 2.82% to Rs.1,172.15. Volumes stood at 87774 shares in the last session.Powered by Capital Market - Live

Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, acquired 3,77,218 equity shares of Quess Corp, representing 0.25% of the company's paid-up capital. The purchase was executed through open market transactions on stock exchanges. As on December 2024, Fairbridge Capital Mauritius held 5,04,76,237 shares, or 33.95% stake in the company. Total promoter stake in the company stood at 56.57% Quess Corp provides a host of managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, manufacturing, facilities & security management, HR & F&A operations, IT & mobility services etc. Quess Corp's consolidated net profit fell 16.16% to Rs 93.62 crore in Q2 FY25 as compared with Rs 111.67 crore posted in Q1 FY25. Revenue from operations increased 3.52% QoQ to Rs 5179.36 crore in Q2 FY25. On year on Year (YoY) basis, the company's consolidated net profit and revenue jumped 31.97% and 9.08% respectively in Q2 FY25. Powered by Capital Market - Live

Quess Corp has fixed 07 February 2025 as record date for interim dividend of Rs 4 per equity share of Rs 10 each for FY 2024-25. The dividend will be paid on or before 18 February 2025. Powered by Capital Market - Live

Quess Corp. announced that the Board of Directors of the Company at its meeting held on 29 January 2025, inter alia, have recommended the Interim dividend of Rs 4 per equity Share (i.e. 40%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Quess Corp rose 25.98% to Rs 80.49 crore in the quarter ended December 2024 as against Rs 63.89 crore during the previous quarter ended December 2023. Sales rose 13.99% to Rs 5519.07 crore in the quarter ended December 2024 as against Rs 4841.83 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales5519.074841.83 14 OPM %3.573.84 - PBDT179.56150.82 19 PBT110.6979.00 40 NP80.4963.89 26 Powered by Capital Market - Live

Quess Corp. will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

Rashtriya Chemicals & Fertilizers Ltd, Gujarat State Fertilizers & Chemicals Ltd, Piramal Pharma Ltd, Anant Raj Ltd are among the other stocks to see a surge in volumes on NSE today, 17 December 2024.Quess Corp Ltd registered volume of 85 lakh shares by 14:14 IST on NSE, a 38.5 fold spurt over two-week average daily volume of 2.21 lakh shares. The stock rose 8.66% to Rs.728.05. Volumes stood at 2.1 lakh shares in the last session.Rashtriya Chemicals & Fertilizers Ltd notched up volume of 169.35 lakh shares by 14:14 IST on NSE, a 5.93 fold spurt over two-week average daily volume of 28.54 lakh shares. The stock rose 4.24% to Rs.183.95. Volumes stood at 12.44 lakh shares in the last session.Gujarat State Fertilizers & Chemicals Ltd registered volume of 72.78 lakh shares by 14:14 IST on NSE, a 5.03 fold spurt over two-week average daily volume of 14.48 lakh shares. The stock rose 2.43% to Rs.223.71. Volumes stood at 18.1 lakh shares in the last session.Piramal Pharma Ltd witnessed volume of 232.11 lakh shares by 14:14 IST on NSE, a 4.9 times surge over two-week average daily volume of 47.38 lakh shares. The stock increased 4.38% to Rs.262.25. Volumes stood at 43.6 lakh shares in the last session.Anant Raj Ltd witnessed volume of 51.12 lakh shares by 14:14 IST on NSE, a 4.87 times surge over two-week average daily volume of 10.49 lakh shares. The stock increased 2.25% to Rs.804.95. Volumes stood at 16.08 lakh shares in the last session.Powered by Capital Market - Live

CSB Bank Ltd, Pricol Ltd, Edelweiss Financial Services Ltd and National Fertilizer Ltd are among the other gainers in the BSE's 'A' group today, 17 December 2024.Quess Corp Ltd soared 9.36% to Rs 733.2 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.83 lakh shares were traded on the counter so far as against the average daily volumes of 19042 shares in the past one month. CSB Bank Ltd spiked 6.92% to Rs 328.5. The stock was the second biggest gainer in 'A' group. On the BSE, 90240 shares were traded on the counter so far as against the average daily volumes of 7621 shares in the past one month. Pricol Ltd surged 6.25% to Rs 553.35. The stock was the third biggest gainer in 'A' group. On the BSE, 77803 shares were traded on the counter so far as against the average daily volumes of 19024 shares in the past one month. Edelweiss Financial Services Ltd jumped 5.98% to Rs 136.5. The stock was the fourth biggest gainer in 'A' group. On the BSE, 3.15 lakh shares were traded on the counter so far as against the average daily volumes of 2.09 lakh shares in the past one month. National Fertilizer Ltd advanced 5.84% to Rs 127.8. The stock was the fifth biggest gainer in 'A' group. On the BSE, 7.02 lakh shares were traded on the counter so far as against the average daily volumes of 2.34 lakh shares in the past one month. Powered by Capital Market - Live