Quess Corp. Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 22, 2017
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Quess Corp. Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, total income from operation was INR 8,408.005 million against INR 7,895.712 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 405.325 million against INR 382.378 million a year ago. Profit from ordinary activities before tax was INR 364.466 million against INR 324.102 million a year ago. Net profit for the period was INR 247.816 million or INR 1.93 per diluted share (not annualized) against INR 200.288 million or INR 1.76 per diluted share (not annualized) a year ago. EBITDA was INR 560 million against INR 400 million a year ago.
For the nine months, on standalone basis, total income from operation was INR 24,825.271 million against INR 20,946.410 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,221.724 million against INR 1,024.645 million a year ago. Profit from ordinary activities before tax was INR 1,090.947 million against INR 891.478 million a year ago. Net profit for the period was INR 713.211 million or INR 5.78 per diluted share (not annualized) against INR 569.946 million or INR 5.02 per diluted share (not annualized) a year ago. EBITDA was INR 1,640 million against INR 1,110 million a year ago.
For the quarter, on consolidated basis, total income from operation was INR 10,266.024 million against INR 9,064.333 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 492.739 million against INR 371.799 million a year ago. Profit from ordinary activities before tax was INR 431.523 million against INR 305.072 million a year ago. Net profit for the period was INR 305.229 million or INR 2.41 per diluted share (not annualized) against INR 172.593 million or INR 1.52 per diluted share (not annualized) a year ago.
For the nine months, on consolidated basis, total income from operation was INR 30,352.658 million against INR 24,385.442 million a year ago. Profit from operation before other income, finance cost and exceptional items was INR 1,442.541 million against INR 1,027.805 million a year ago. Profit from ordinary activities before tax was INR 1,254.573 million against INR 876.693 million a year ago. Net profit for the period was INR 853.390 million or INR 6.95 per diluted share (not annualized) against INR 535.480 million or INR 4.72 per diluted share (not annualized) a year ago.
Quess Corp Limited is an India-based company, which is engaged in the business of providing services in workforce management, operating asset management and global technology solution. The Company operates through four segments: Workforce management, Operating asset management, Global Technology Solutions, and Product led business. Workforce management segment is engaged in providing comprehensive staffing services and solutions including general staffing, information technology (IT) staffing, recruitment and executive search, recruitment process outsourcing as well as payroll, and other services. The operating asset management segment is engaged in providing services including janitorial services, food, hospitality services and other services. Global Technology Solutions segment is engaged in providing business process outsourcing (BPO) services and technology solutions. Product led business provides break fix services, hiring technology platform and workforce management tool.
QUESS CORP LIMITED 
