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Board of Quess Corp approves investment in Taskmo, a digital gig worker platform

At meeting held on 27 January 2021The Board of Quess Corp at its meeting held on 27 January 2021 has approved the subscription of 49% equity shares in Taskmo, legal entity name - Stellarslog Technovation, a gig economy start-up for Rs. 10 crore, to be invested in multiple tranches.
Taskmo is a B2B managed marketplace that serves as an on-demand task fulfilment
platform for enterprises seeking to outsource task based operations to a distributed network
of gig workers. It uses an app and web based proprietary algorithm to train, match and
deploy gig workers.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) ....

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Quess Corp rises Q3 PAT grows 39% to Rs 46 cr

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. ....

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