Quess Corp Reports Positive Financial Performance in Q2 of FY 2024-25

Quess Corp, a midcap company in the miscellaneous industry, has recently declared its financial results for the quarter ending September 2024. According to the latest update, the stock call for Quess Corp is 'Hold' by MarketsMOJO.

The company has shown a positive financial performance in the second quarter of the fiscal year 2024-25. The score has fallen to 17 from 19 in the last three months, indicating a positive trend. Quess Corp has achieved its highest net sales of Rs 5,179.36 crore in the last five quarters, with a consistent growth rate each quarter. This shows a very positive near-term sales trend for the company.

In terms of profitability, Quess Corp has also shown a positive trend. The Profit Before Tax less Other Income (PBT) for the quarter is at Rs 97.44 crore, with a growth rate of 48.22% Year on Year (YoY). The Operating Profit (PBDIT) for the quarter is also at its highest at Rs 195.57 crore, with a positive near-term trend. The company's Profit After Tax (PAT) has also grown at 25.9% YoY, with a positive near-term trend.

However, there are some areas that need improvement for Quess Corp. The Cash and Cash Equivalents for the half-yearly period is at its lowest at Rs 486.56 crore in the last six periods, indicating a deteriorating short-term liquidity for the company.

Overall, Quess Corp has shown a positive financial performance in the second quarter of the fiscal year 2024-25. With its consistent growth in net sales and profitability, the company is on a positive trajectory. However, it needs to address its short-term liquidity to maintain its positive trend.