Quess corporation owned by Prem Watsa controlled Thomas Cook ( India) posted a strong set of numbers for Q1Fy17 driven by growth across all segments and announced its focus on last-mile delivery / first mile related e-commerce logistics business
Revenue increased 35.7 percent to Rs 991 crore in the quarter ended June 2016 from Rs 730.3 crore on yoy basis. Operating profit surged 59.5 percent to Rs 52.8 crore and Consolidated EBITDA Margin are up At 5.4% Vs 4.8% (yoy). Employee headcount grew by 22 percent to around 1.27 lakh from about 1.04 lakh. This was the company’s first earnings report after it got listed on exchanges on July 12, 2016.
Quarterly Results (Q1FY17)
|Net Sales Turnover||730.25||990.96|
|Earning Per Share||1.63||2.18|
|PE (annualised on quarterly results)||58.49|
In an important development, the company’s board of directors have approved the formation of wholly owned subsidiary to focus on last-mile delivery / first mile related e-commerce logistics business and another subsidiary to offer business process services (including finance & accounting, payroll and HR outsourcing services) to third party clients.
Related Old Posts :