Quess Corp Limited, one of India’s leading technology and business service provider, reported a fall of 1.37 percentage in top-line sales for the September-20 quarter at Rs.2,615.07cr. The company did not face too many sales or revenues issues in the June-20 quarter as most of its client base was largely non-cyclical in nature.
According to the financial results, the Company’s operating profits for the quarter ended September-20 was 17.2percentage lower on a year on year basis at Rs81.97cr. The net profits for the September-20 quarter were also lower by 25.1percentage at Rs49.93cr higher costs entailed despite revenues being higher.
This had an overall impact on the margins of Quess Corp. For the September-20 quarter, the operating profit margins or OPM was down 60 base points to 3.13percentage in the quarter. The net profit margins for the quarter also compressed by 60 base-points at 1.91 percentage.
On Friday, shares of Quess Corp Limited closed at Rs.410, up by Rs.6.15 from its previous closing price on the National Stock Exchange (NSE).
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