Breaking News

You are here » Indian-Commodity  :  Corporate  :  Quess Corp reports over 2-fold jump in Q4 consolidated net profit

18-May2018

Quess Corp reports over 2-fold jump in Q4 consolidated net profit

Quess Corp has reported results for the fourth quarter and year ended March 31, 2018. 

The company has reported over 2-fold jump in its net profit at Rs 49.33 crore for the quarter ended March 31, 2018 as compared to Rs 21.97 crore for the same quarter in the previous year. Total income of the company increased by 38.30% at Rs 1,304.98 crore for quarter under review as compared to Rs 943.60 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 76.52 crore for the quarter ended March 31, 2018 as compared to Rs 33.38 crore for the corresponding quarter in the FY17. Total consolidated income of the company rose 54.10% at Rs 1,914.74 crore for quarter under review as compared to Rs 1,242.52 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted around 3-fold jump in its net profit at Rs 259.26 crore as compared to Rs 94.79 crore for the previous year. Total income of company increased by 28.85% at Rs 4,457.11 crore for year under review as compared to Rs 3,459.13 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted over 2-fold jump in its net profit at Rs 310.99 crore as compared to Rs 121.90 crore for the previous year. Total consolidated income of company increased by 43.73% at Rs 6,224.18 crore for year under review as compared to Rs 4,330.35 crore for the year ended March 31, 2017.


Related News

View all news

Uflex enters into an agreement with Flex Chemicals

Uflex has entered into an agreement to acquire 100% equity shares of Flex Chemicals, a company incorporated in Russia. The acquisition will complement the existing chemical business of the company and......

JK Tyre to invest Rs 1250 crore in Laksar unit for expansion: Report

JK Tyre & Industries is reportedly planning to invest Rs 1250 crore in Laksar unit in Haridwar it bought from Birla Tyres. The company will invest the same for a sizeable expansion which will give......

Govt to give environmental clearance to Tata Sponge Iron for enhancement of DRI production

The Ministry of Environment, Forest and Climate Change, Government of India (MoEFCC), has considered the Tata Sponge Iron's application and subject to certain conditions, decided to accord environmental......

Top News

View all news

Arrow Greentech's arm gets approval to manufacture mouth dissolving strips

Arrow Greentech's wholly owned subsidiary (WOS) company -- Avery Pharmaceuticals, also known as Arrow Rx has received an approval for site plan to manufacture mouth dissolving strips from Food &......

Essel Propack issuing commercial papers worth Rs 50 crore

Essel Propack is issuing Commercial Papers (CPs) for Rs 50 crore on private placement basis and will have date of maturity as March 13, 2019. The CPs for Rs 50 crore with date of maturity as December 13,......

Escorts, Kubota join hands for global leadership

Escorts and Kubota Corporation have joined hands for their global joint venture (JV) to manufacture high end technology tractors for domestic and export geographies. The JV will leverage leading Japanese......