Quess Corp News and Updates

Name: Latest research reports of Quess Corp Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Quess Corp Ltd.
Rating: 5
Author: Motilal Oswal

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Quess Corp Ltd.

01 Feb 2018, 12:00AM

213.16

-0.95%

Quess Corp: Acquires assets from Monster and HCL

Buy: Quess Corp Ltd.

Motilal Oswal

Monster is an online portal that provides job search services to registered users and recruitment solutions to clients. It has a workforce of 600 across the three geographies. Monster Worldwide is owned by Randstad. The three entities together had revenue of USD26m in CY16, and have not seen growth since CY14. Combined profitability, we reckon, would be slightly in the red. The entities would be acquired for an Enterprise Value of up to USD14m (0.5x trailing revenue) and the transaction is expected to be completed by 4QFY18. The acquisition would complement QUESS' presence in HR services and pose opportunities for value addition to its existing customers.

Quess Corp has lost -69.76% in the last 1 Year

Quess Corp Ltd.

31 Jan 2018

213.16

-0.95%

Result Update:Quess Corp

Buy: Quess Corp Ltd.

Recommendation Target

Axis Direct

Quess reported Q3FY18 sales of Rs 15.8 bn, up 48% YoY (adjusted for retrospective consolidation of MIS). Organic growth was strong at 30% YoY. Q3 results reflect consolidation of TBSS and Vedang Cellular. EBITDA margin expanded ~14 bps YoY to 5.7%. PAT at Rs 700 mn, up 107%

Number of FII/FPI investors decreased from 204 to 197 in Sep 2025 qtr

Quess Corp Ltd.

24 Jan 2018

213.16

-0.95%

Quess Corp: Accelerating growth trends

Buy: Quess Corp Ltd.

Target

Motilal Oswal

QUESS' 48.5% YoY revenue growth to INR15.8b was a beat to our estimate, driven by a pick-up in organic growth and integration of TBSS (which we had assumed for the subsequent quarter). While there have been several acquisitions over the last few quarters, we reckon organic growth in the quarter would be ~25% v/s ~20% in the previous quarter. A pick-up was also seen in the People & Services business,with growth of 25% YoY v/s 8% YoY in the year-ago period. EBITDA margin at 5.7%expanded by 10bp YoY. While margins were stable in P&S and the integration of higher-margin Manipal Integrated Services boosted profitability in Integrated Facilities Management, there was a YoY decline seen in Global Technology Solutions (-50bp) and Industrials (-200bp). A turn around in Industrials and further integration of accretive acquisitions would, however, lead to expansion, going forward. PAT at INR690m was up105% YoY, beating estimates because of a lower ETR (80JJAA).

Quess Corp has lost -32.06% in the last 6 Months

Quess Corp Ltd.

10 Jan 2018

213.16

-0.95%

Quess Corp Ltd

Mgmt Note: Quess Corp Ltd.

ICICI Securities Limited

We met the management of Quess Corp to understand its business model & future prospects. Incorporated in 2007, Quess Corp is India's leading integrated business services provider and among industry leaders in each of the key business services it operates in. It operates across business segments of people & services (P&S;) (53.6% to revenues in Q2FY18), global technology solutions (GTS) (30.6% to revenues), integrated facility management (IFM) (~10% to revenues) & industrials (IAM) (~6% to revenues). In the last five years, topline has grown at a...

Quess Corp has lost -20.48% in the last 3 Months

Quess Corp Ltd.

26 Oct 2017

213.16

-0.95%

Quess Corp: Growth story on track; Profit boosted by tax incentives

Buy: Quess Corp Ltd.

Motilal Oswal

Revenue traction strong across-the-board, only GTS growth acquisitive: Strong YoY growth was driven uniformly across business segments, with growth ranging from 17-40% YoY. GTS was the only segment with contribution from an acquisition (Comtel). Excluding this, growth in the segment was in high-single-digits. While growth in overseas acquisitions within GTS is expected to be relatively low, its Indian IT staffing business is facing the impact of sluggish activity in IT Services. Integration of Manipal and Terrier is expected to boost revenue growth in 2H....

Quess Corp has lost -69.76% in the last 1 Year

Quess Corp Ltd.

01 Jun 2017, 12:00AM

213.16

-0.95%

Result Update:Quess Corp

Hold: Quess Corp Ltd.

Axis Direct

Quess concluded FY17 with gross sales of Rs 41 bn, driven by strong organic growth of 21% YoY. EBITDA margin expanded ~100 bps YoY to 5.7%. PAT at Rs 1.13 bn, up 40% YoY. Positive FCF of Rs 330 mn or 30% of PAT should allay investor concerns.

Number of FII/FPI investors decreased from 204 to 197 in Sep 2025 qtr

Quess Corp Ltd.

26 May 2017

213.16

-0.95%

Quess Corp Ltd Q4FY17 results comment

Results Update: Quess Corp Ltd.

HDFC Securities

Revenue increased by 9.3% to Rs. 1122.09 Cr in Q4FY17 when compared to the previous quarter.

Quess Corp has lost -69.76% in the last 1 Year

Quess Corp Ltd.

14 Mar 2017

213.16

-0.95%

Pick Of The Week - Quess Corp Ltd

Buy: Quess Corp Ltd.

HDFC Securities

BUY Quess Corp Ltd at CMP Rs.671 and add on dips to Rs. 595 - 671 for the Targets Rs. 757 & Rs. 840

Quess Corp has lost -20.48% in the last 3 Months

Quess Corp Ltd.

02 Jul 2016

213.16

-0.95%

Corporates, HNIs subscribe most for new shares of Quess

Economic Times

BENGALURU: Corporates and high net worth individuals (HNIs) have subscribed most to the much sought after shares of the city-based Quess Corp Ltd, whose initial public offering (IPO) got over-subscribed by a whopping 147 times at the upper-end and 144 times at the lower-end by Friday night. "Corporates subscribed to 75,15,63,945 shares (75 crore plus), with 18,92,744 shares at upper-end (397 times) and 19,16,251 shares at lower-end (392 times) of the Rs 310-317 price band per equity share of Rs.10 each," the company said in a statement here on Saturday. The premium issue was offered at a market lot of 45 shares and in multiples. In contrast, qualified institutional buyers (QIBs) subscribed to 23,03,81,235 shares, with 37,85,490 shares at upper-end (61 times) and 39,03,023 shares at lower-end (59 times). Retail investors subscribed to 424,18,935 shares, with 12,61,829 shares at upper-end (34 times) and 12l77,500 shares at lower-end (33 times). "Of the total 102, 43,64,115 shares, A69,40,063 shares were subscribed at upper-end (148 times) and 70,96,774 shares at lower-end (144 times)," the statement said. Though bidding for QIBs and corporates was closed by 7 p.m., the company is yet to disclose how many more retail investors subscribed to its shares, as retail bidding was kept open till 8 p.m. on Friday. "The massive response makes our IPO the most over-subscribed issue on debut in the last nine years and the second most over-subscribed issue since 2000," the leading business services provider said. Though the nine-year-old company went public to raise about Rs 400 crore, the total value...