Quess Corp - Human Resources Company

Met Quess Corp during a recent investor conference.
KTA:

GS business should continue to grow strongly as demand stays robust ahead of festival season.
Specialised staffing biz depends completely on how & when IT bounces back, unfortunately no clear signs yet.
Foundit should breakeven this year at 50-60cr quarterly revenue. If that does not happen, fine with diluting stake in the biz.

US staffing is completely specialised staffing, have spent close to 1yr there and processed 6-7 ppl. Notes that the scale up seems to be slower than expected, Expect to breakeven by 4Q.

80JJAA - This issue is going to take years to resolve. after tribunal, either party will go to HC, then SC.

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Given the information that has come out on the demerger, is it possible to know what would happen to the existing share holders of Allsec ?

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Is there any value creation in their demerger? if any one is tracking, please share your view on it

Yes, it has an IT business under it whose revenue and net profits should be valued at much higher multiples than workforce management business

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very informative video by SOIC on company

Initiating coverage report on Corp by Antique with target of Rs 1000 (25 PE on FY 27 EPS)

no discussion on impact of Tax issue 80JJAA which can impact margin by 20%.

Antique_Initiating_Coverage_on_Quess_Corp,_with_50%_UPSIDE_Improving.pdf (938.1 KB)

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Quess Corp | Financial Results

Quess Corp | Management Interview

  • Q4 will be slightly muted
  • Will end the year with double-digit revenue & EBITDA growthโ€™,
  • Expect to get the final regulatory approval for the demerger in Q4

Watch Management interview - https://youtu.be/CsjhfIKJ6f0

Quess Corp | Fairbridge Capital (Mauritius) Limited

Fairbridge Capital (Mauritius) Limited, Promoter (A subsidiary of Fairfax Financial Holdings Limited) has purchased ~3.77L equity shares of the Company

Quess Corp | KYC

Watch the interesting video here