Quess Corp Q2 net surges over four-fold to Rs 141 cr

Bengaluru-based firm said it is spending around Rs 40 cr to buy 70% stake in Vedang Cellular Services

Prem Watsa portfolio firm Quess Corp said second quarter net profit over four-fold (366  per cent) to Rs 141 crore as it expanded operating margins threefold.

Revenue grew 25.4 per cent to Rs 1274 crore as business expanded  across verticals, except in industrials where it saw factories not expanding due to the business environment.

Quess Corp said it increased workforce by half to over 212,500 people as it deployed more resources for clients in e-commerce and technology firms.

The Bengaluru-based firm said it is spending around Rs 40 crore to buy 70 per cent stake in Vedang Cellular