Will be back to pre-Covid levels by January-March quarter: Quess Corp

Headcount fell for the third-straight quarter to 3,25,000, down 3 per cent on a sequential basis. The firm expects to arrest the fall in the ongoing quarter

Fairfax-backed Quess Corp expects revenue and profit to be back to pre-Covid levels by the January-March quarter, on the back of a rebound in education and food businesses.

The firm's September quarter (Q2) net profit declined 25 per cent to Rs 49.9 crore. It said its Q2 performance lagged in certain metrics owing to a shutdown of training and skill development business and impact on food business that caters to educational institutions and IT companies. “If the operating profit is calculated after normalising these two factors, we have done better than last year,” Suraj Moraje, group chief executive, said. “Recovery