Quess Corp Q3 Review - Improving Demand Outlook To Drive Strong FY22 Growth: Motilal Oswal 
An employee talks through a headset while working a call center in Kolkata, India. (Photograph Taylor Weidman/Bloomberg)

Quess Corp Q3 Review - Improving Demand Outlook To Drive Strong FY22 Growth: Motilal Oswal 

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.’ 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.

Click on the attachment to read the full report:

Motilal Oswal Quess Corp Q3FY21 Result Update.pdf

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