Fundamental Analysis

QUESS CORP LTD

Ticker : 539978
BUY : Rs 951
Target : Rs 1,060

Quess Corp is India's leading business services provider, which provides a host of technology-enabled staffing and managed outsourcing services across various business processes. 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, which is 5.37 per cent lower as compared to Rs 47.14 crore recorded in Q1FY21. The company’s management aims to achieve 20 per cent growth in FY22 in all of its business segments and expects margins expansion in high-margin businesses. Hence, we recommend BUY.