Quess Corp Q3 Review - Improving Demand Outlook To Drive Strong FY22 Growth: Motilal Oswal
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Motilal Oswal Report
Quess Corp Ltd.’ Q3 FY21 result witnessed a marginal miss on operations. Adjusted for lockdown impact in the integrated facility management food services and excels businesses, underlying revenue and Ebitda were resilient.
It is now a net cash company (Rs 260 million), helped by healthy cash conversion (operating cash flow-to-Ebitda of 80%).
As the economy opens up gradually, we expect a pick-up in general staffing across companies.
Continued demand for IT staffing should further aid growth and margin.
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