Powered by: Motilal Oswal
11-10-2022 03:05 PM | Source: Accord Fintech
Quess Corp trades in red on reporting marginal fall in Q2 consolidated net profit
News By Tags | #409 #1302 #3595 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

Quess Corp is currently trading at Rs. 491.60, down by 56.00 points or 10.23% from its previous closing of Rs. 547.60 on the BSE.

The scrip opened at Rs. 543.00 and has touched a high and low of Rs. 543.00 and Rs. 490.30 respectively. So far 44506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.00 on 17-Nov-2021 and a 52 week low of Rs. 490.30 on 10-Nov-2022.

Last one week high and low of the scrip stood at Rs. 578.75 and Rs. 490.30 respectively. The current market cap of the company is Rs. 7325.21 crore.

The promoters holding in the company stood at 51.81%, while Institutions and Non-Institutions held 31.29% and 16.90% respectively.

Quess Corp reported results for second quarter ended September 30, 2022.

The company has reported net profit of Rs 20.54 crore for Q2FY23 as compared to net loss of Rs 36.35 crore for the corresponding quarter previous year. Total income of the company increased by 33.33% to Rs 3,034.10 crore for the quarter under review as compared to Rs 2,275.60 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported fall of 3.90% in its net profit at Rs 39.62 crore for the quarter under review as compared to Rs 41.23 crore for the same quarter in the previous year. However, total income of the company increased by 32.36% to Rs 4,282.11 crore for the quarter under review as compared to Rs 3,235.28 crore for the same quarter in the previous year.