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Board of Quess Corp approves purchase of additional 3.76% stake in Vedang (subsidiary)

At meeting held on 27 January 2021The Board of Quess Corp at its meeting held on 27 January 2021 has approved purchase of 3.76% shares of Vedang Cellular
Services (Vedang), a Subsidiary of the Company from its erstwhile
Promoter as per the Promoter s Put Option in the Shareholder s Agreement dated 25 October 2017 for a consideration upto Rs. 70 lakh. Consequently, the Company will hold 92.47% shares in Vedang upon completion of the transfer of shares.
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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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