BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Quess Corp Ltd.’s Q2 FY21 results witnessed beat on revenue and largely in-line margins.
Adjusted for lockdown related impact in integrated facilities management food services and Excelus business, underlying revenue, Ebitda, and recovery trends were resilient.
Good cost rationalisation, net debt reduction (approximately 83%) and healthy cash conversion (operating cash flow/Ebitda equals to 212%) are key micro-level positives.
Recent unemployment data (e.g. Centre for Monitoring Indian Economy) and hiring outlook surveys hint at good job market recovery.
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