India's Quess Corp falls as Q4 profit plunges

Teamlease Services

18/05/2023 08:41

** Shares of Quess Corp Ltd  QUEC.NS  fall as much as 5.9%
to 373.30 rupees, their steepest pct drop since Jan 27
    ** The staffing firm reports a 61% slump in consolidated net
profit as a jump in expenses outweighs higher revenue
    ** EBITDA margins drop 146 bps to 3.42%
    ** About 817,900 shares change hands, 2.2x the 30-day avg -
Refinitiv Data
    ** Rival co Teamlease Services  TLSV.NS  down ~2% after
posting a smaller Q4 profit  urn:newsml:reuters.com:*:nL4N37D3IZ
    ** Quess stock down 6.7% YTD, as of last close 
     
     ($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))