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🧑💻 Quess Corp Crashes 8% After FY24 Results: EPS ₹25.71, But Street Says “Not Tech Enough”?


✅ At a Glance

MetricFY24FY23YoY Change
Revenue from Operations₹18,286 Cr₹17,318 Cr🔼 +5.6%
Total Income₹18,442 Cr₹17,406 Cr🔼 +5.9%
Net Profit (Consolidated)₹3,588 Cr₹3,464 Cr🔼 +3.5%
EPS (Diluted)₹25.71₹24.80🐢 Barely Up
CMP (May 20, 2025)₹340.00 🔻~₹370+🔻 -8% crash

Profitable? ✅
Growing? Barely.
Exciting? ❌ Not unless HR forms turn you on.


🧠 About the Company

Quess Corp Ltd is India’s largest business services platform, which is fancy for saying:

“We rent out people, manage your office plumbing, and run backend IT — all without being on your payroll.”

Business Segments:

  • 🧑🔧 Workforce Management – Staffing, temp workforces, BPO
  • 🧑💻 Tech Services – IT infrastructure, application management
  • 🏢 Operating Asset Management – Facilities, security
  • 📱 Digital Platforms – Monster.com, Qjobs, etc.

They operate in India, Singapore, and Middle East with over 500,000+ associates.


📉 FY24 Financial Breakdown

Line ItemFY24 (₹ Cr)
Revenue from Ops₹18,286
Other Income₹156
Total Expenses₹17,498
EBITDA (Est.)₹944
PBT₹932
Net Profit (Consol.)₹3,588
EPS (TTM)₹25.71

🧾 PAT margin ≈ 2%. They’re still a volume business, not value.


📦 Segment Revenue Breakdown (FY24)

SegmentRevenue Share (Est.)
Workforce Management~₹11,800 Cr
Tech Services~₹2,000 Cr
Facilities + Security~₹4,200 Cr
Digital (Monster, Qjobs)<₹250 Cr

90%

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