quess_people

Quess corporation owned by Prem Watsa  controlled Thomas Cook ( India) posted a strong set of numbers  for Q1Fy17 driven by growth across all segments and announced its focus on last-mile delivery / first mile related e-commerce logistics business

Revenue increased 35.7 percent to Rs 991 crore in the quarter ended June 2016 from Rs 730.3 crore  on yoy basis. Operating profit surged 59.5 percent to Rs 52.8 crore and  Consolidated  EBITDA Margin are up At 5.4% Vs 4.8% (yoy). Employee headcount grew by 22 percent to around 1.27 lakh from about 1.04 lakh. This was the company’s first earnings report after it got listed on exchanges on July 12, 2016.

Quarterly Results (Q1FY17)

Jun-15 Jun-16
Rs. Crore
Net Sales Turnover 730.25 990.96
Other Income 2.07 0.7
Total Income 732.32 991.66
Total Expenses 697.2 938.21
EBITDA 35.13 53.45
Depreciation 1.98 6
EBIT 33.15 47.45
Interest 4.75 9.21
PBT 28.4 38.24
Tax 10.37 13.54
PAT 18.02 24.69
Minority Interest 0 0
Net Profit 18.02 24.69
Equity 25.77 113.34
Earning Per Share 1.63 2.18
EBITA Margin 4.81 5.39
Face Value 10 10
Dividend (%) 0 0
Price 510
PE (annualised on quarterly results) 58.49

In an important development, the company’s board of directors have approved the formation of wholly owned subsidiary to focus on last-mile delivery / first mile related e-commerce logistics business and another subsidiary to offer business process services (including finance & accounting, payroll and HR outsourcing services) to third party clients.

Related Old Posts :

Quess Corporation IPO : Good Prospects

Quess Corp IPO: Will it be Priced Reasonably ?

Advertisements