Quess Corp Q4 Review - Strong FY23 Growth To Compensate For 80JJAA Risk: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Quess Corp Ltd.’s Q4 FY22 performance was modest, with revenue (up 26% YoY) and profit after tax growth (down 31%) below our estimates. Ebitda margin (reported 4.9%) was impacted by 20 basis points due to Rs 100 million initial investment in Monster. While the workforce management business delivered good growth (up 28% YoY) and Ebitda margin improved by 40 bps, growth in the other two segments were weaker than expected (operating asset management/global technology solutions segment up 24%/22% YoY). While growth in Q4 FY22 missed our estimate, Quess Corp's management commentary on FY23 was very strong for both the workforce management and operating asset management businesses as the business environment normalises after the impact of Covid-19 lockdown in FY21-22..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Quess Corp Q4 Review - Strong FY23 Growth To Compensate For 80JJAA Risk: Motilal Oswal

Quess Corp Q4 Review - Strong FY23 Growth To Compensate For 80JJAA Risk: Motilal Oswal

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