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.
Fairbridge Capital (Mauritius) Limited, Promoter (A subsidiary of Fairfax Financial Holdings Limited) has purchased ~3.77L equity shares of the Company
For the purpose of determining the cost of acquisition of equity shares of the Quess, Digitide and Bluspring (post demerger), the apportionate cost of acquisition was published by Quess. It will be in the following manner:
Listing date announced for Digitide Solutions Limited and Bluspring Enterprises Limited.
Effective from Wednesday, June 11, 2025, the equity shares of Digitide Solutions Limited and Bluspring Enterprises Limited shall be listed and admitted to dealings on the Exchanges.
Wondering if there is any management presentation or issued document or concall transcript in which we get clarity on financial numbers (like revenue, EBIDTA, PAT, debt etc.) for three separate entities to evaluate at standalone level each of them - as each is separately listed.
Thanks in advance, if any fellow VP member can help on this plz.
Goodwill in Assets of 386 Cr, pretty high figure of almost 25% of balance sheet, past aquisitions are coming home to roost?
Receivables of 491Cr (billed) & 310Cr (unbilled) = 801Cr seems to be very huge compared to only 35Cr of Payables. Aging of receivables need to be confirmed.
107Cr borrowing might be fine, but other financial liabilities of 327Cr seems to be huge. What are these?
Goodwill writeoff 150Cr is huge and resulted in loss
Due to receivables position operating cash flow was negative 83Cr
I am not saying these are indicators of RED flags, but need more explanation on why these figures are like this. Hoping a management call after Q4 results will answer many of these.