Business services and global staffing provider Quess Corp on Monday announced the separation of roles of its Chairman and Managing Director. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1, while Ajit Isaac, currently Executive Chairman and MD, will continue in the role of Executive Chairman, the company said in a statement. The company also appointed N Ravi Vishwanath as CFO of the company effective April 1. Vishwanath was previously CFO of Teamlease and Finance Director at Sun Microsystems. Subramanian Ramakrishnan, the current CFO, is stepping down from the post on March 31, to pursue an entrepreneurial venture, the company stated.
Quess Corp separates Chairman and MD roles, appoints new CFO
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Suraj Moraje, currently group CEO and executive director, will be elevated to group CEO and managing director from April 1. Ajit Isaac, currently executive chairman and MD, will continue in the role of executive chairman.
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Business services provider and staffing provider
Quess Corp has announced the separation of its chairman and MD roles, said a statement issued today.
Suraj Moraje, currently group CEO and executive director, will be elevated to group CEO and managing director from April 1. Ajit Isaac, currently executive chairman and MD, will continue in the role of executive chairman.
Also appoints new CFOQuess Corp announced the separation of its Chairman and MD roles. Suraj Moraje, currently Group CEO and Executive
Director, will be elevated to Group CEO and Managing Director from April 1. Ajit Isaac, currently Executive
Chairman and MD, will continue in the role of Executive Chairman.
The company also appointed N. Ravi Vishwanath as CFO of the company effective April 1. Ravi Vishwanath
was previously CFO of Teamlease and Finance Director at Sun Microsystems. Subramanian Ramakrishnan,
the current CFO, is stepping down from the company on March 31 to pursue an entrepreneurial venture.
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Quess Corp rose 1.18% to Rs 554.60 after consolidated net profit tanked 39.1% to Rs 45.58 crore on 4.8% fall in net sales to Rs 2,807.89 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) rose marginally by 0.2% to Rs 80.08 crore in Q3 December 2020 as against Rs 79.95 crore in Q3 December 2019. Current tax expense for the quarter dropped 25.5% to Rs 16.64 crore as against Rs 22.35 crore in Q3 December 2019. The Q3 result was declared after market hours yesterday, 27 January 2021.
Consolidated EBITDA tumbled 16% to Rs 151 crore in Q3 December 2020 over Rs 179 crore in Q3 December 2019. EBITDA margin stood at 5.37% in Q3 FY21 as against 6.08% in Q3 FY20.