Quess Corp Limited — Quarter ended 31 March 2026 and year ended 31 March 2026
Optional commentary: Financial results are presented in INR millions (except per share data).
| Sl. No. | Particulars | Quarter ended 31 March 2026 refer note 2 |
Quarter ended 31 December 2025 (Unaudited) |
Quarter ended 31 March 2025 refer note 2 |
Year ended 31 March 2026 (Audited) |
Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| a) Revenue from operations | 38,924.53 | 39,297.08 | 36,564.21 | 1,53,051.87 | 1,49,671.99 | |
| b) Other income | 61.87 | 15.48 | 109.42 | 164.94 | 236.19 | |
| Total income (a + b) | 38,986.40 | 39,312.56 | 36,673.63 | 1,53,216.81 | 1,49,908.18 | |
| 2 | Expenses | |||||
| a) Cost of material and stores and spare parts consumed | – | – | 0.81 | 2.68 | – | |
| b) Employee benefits expense | 36,924.03 | 37,129.46 | 34,540.15 | 1,44,996.97 | 1,40,513.40 | |
| c) Finance costs | 135.17 | 127.63 | 90.50 | 492.20 | 385.98 | |
| d) Depreciation and amortisation expense | 106.08 | 105.18 | 101.74 | 418.38 | 412.10 | |
| e) Other expenses | 1,136.83 | 1,371.30 | 1,349.66 | 4,930.52 | 6,532.70 | |
| Total expenses (a + b + c + d + e) | 38,302.11 | 38,733.57 | 36,082.86 | 1,50,838.07 | 1,47,846.86 | |
| 3 | Profit before exceptional items and tax (1 – 2) | 684.29 | 578.99 | 590.77 | 2,378.74 | 2,061.32 |
| 4 | Exceptional items loss/(gain) (refer note 7 and 8) | (5.89) | 68.12 | 1,579.89 | 80.74 | 1,643.35 |
| 5 | Profit/(Loss) before tax (3 – 4) | 690.18 | 510.87 | (989.12) | 2,298.00 | 417.97 |
| 6 | Tax expense/(credit) | |||||
| Current tax | 8.82 | 29.81 | 19.47 | 71.68 | 81.46 | |
| Income tax relating to previous years | – | – | – | – | 1.29 | |
| Deferred tax charge/(credit) | 37.87 | (69.88) | (54.11) | 4.31 | (123.67) | |
| Total tax expense/(credit) | 46.69 | (40.07) | (34.64) | 75.99 | (40.92) | |
| 7 | Profit/(Loss) for the period/year (5-6) | 643.49 | 550.94 | (954.48) | 2,222.01 | 458.89 |
| 8 | Other comprehensive income/(loss) | |||||
| (I) Items that will not be reclassified subsequently to profit or loss | – | – | – | – | – | |
| – Re-measurement losses on defined benefit plans | (119.51) | (116.25) | (13.06) | (356.18) | (132.74) | |
| – Income tax relating to items that will not be reclassified to profit or loss | 32.03 | 29.23 | 5.62 | 91.60 | 35.75 | |
| (II) Items that will be reclassified subsequently to profit or loss | – | – | – | – | – | |
| – Foreign exchange differences on translating financial statements of foreign operations | 185.94 | 47.04 | (10.66) | 464.02 | 18.64 | |
| Other comprehensive income/(loss) for the period/year (net of tax) | 98.46 | (39.98) | (18.10) | 199.44 | (78.35) | |
| 9 | Total comprehensive income/(loss) for the period/year (7+8) | 741.95 | 510.96 | (972.58) | 2,421.45 | 380.54 |
| 10 | Profit/(loss) attributable to: | |||||
| – Owners of the Company | 641.35 | 549.82 | (954.93) | 2,216.23 | 458.02 | |
| – Non-controlling interests | 2.14 | 1.12 | 0.45 | 5.78 | 0.87 | |
| Total Profit/(loss) for the period/year | 643.49 | 550.94 | (954.48) | 2,222.01 | 458.89 | |
| 11 | Other comprehensive income/(loss) attributable to: | |||||
| – Owners of the Company | 98.24 | (40.00) | (18.23) | 198.96 | (78.43) | |
| – Non-controlling interests | 0.22 | 0.02 | 0.13 | 0.48 | 0.08 | |
| Total other comprehensive income/(loss) for the period/year | 98.46 | (39.98) | (18.10) | 199.44 | (78.35) | |
| 12 | Total comprehensive income/(loss) attributable to: | |||||
| – Owners of the Company | 739.59 | 509.82 | (973.16) | 2,415.19 | 379.59 | |
| – Non-controlling interests | 2.36 | 1.14 | 0.58 | 6.26 | 0.95 | |
| Total comprehensive income/(loss) for the period/year | 741.95 | 510.96 | (972.58) | 2,421.45 | 380.54 | |
| 13 | Paid-up equity share capital (Face value of INR 10.00 per share) |
1,493.31 | 1,492.03 | 1,489.19 | 1,493.31 | 1,489.19 |
| 14 | Reserves i.e |
| Particulars | 31 Mar 2026 (Audited) | 31 Mar 2025 (Audited) |
|---|---|---|
| A ASSETS | ||
| 1. Non-current assets | ||
| Property, plant and equipment | 84.75 | 102.35 |
| Right-of-use assets | 1,150.87 | 906.42 |
| Goodwill | 2,624.76 | 2,362.08 |
| Other intangible assets | 6.83 | 36.26 |
| Intangible assets under development | 16.52 | – |
| Other financial assets | 761.30 | 671.44 |
| Deferred tax assets (net) | 1,442.95 | 1,352.66 |
| Income tax assets (net) | 3,808.54 | 3,285.41 |
| Other non-current assets | 492.19 | 439.71 |
| Total non-current assets | 10,388.71 | 9,156.33 |
| 2. Current assets | ||
| Investments | 512.06 | – |
| Trade receivables – Billed | 8,079.80 | 8,497.76 |
| Trade receivables – Unbilled | 7,742.61 | 6,796.75 |
| Cash and cash equivalents | 1,781.28 | 2,491.18 |
| Bank balances other than cash and cash equivalents above | 287.45 | 178.23 |
| Loans | 9.46 | 13.18 |
| Other financial assets | 760.77 | 175.90 |
| Other current assets | 828.98 | 808.95 |
| Total current assets | 20,002.41 | 18,961.95 |
| Total assets | 30,391.12 | 28,118.28 |
| B EQUITY AND LIABILITIES | ||
| 1. Equity | ||
| Equity share capital | 1,493.31 | 1,489.19 |
| Other equity | 10,171.33 | 9,359.32 |
| Total equity attributable to equity holders of the Company | 11,664.64 | 10,848.51 |
| Non-controlling interests | 17.62 | 11.36 |
| Total equity | 11,682.26 | 10,859.87 |
| 2. Liabilities | ||
| Non-current liabilities | ||
| Lease liabilities | 1,013.04 | 811.70 |
| Non-current provisions | 3,218.98 | 2,340.93 |
| Total non-current liabilities | 4,232.02 | 3,152.63 |
| 3. Current liabilities | ||
| Borrowings | – | 120.63 |
| Trade payables | 272.65 | 586.31 |
| Lease liabilities | 231.79 | 196.53 |
| Other financial liabilities | 9,893.52 | 8,814.30 |
| Income tax liabilities (net) | 88.21 | 158.38 |
| Current provisions | 171.94 | 62.47 |
| Other current liabilities | 3,818.73 | 4,167.16 |
| Total current liabilities | 14,476.84 | 14,105.78 |
| Total liabilities | 18,708.86 | 17,258.41 |
| Total equity and liabilities | 30,391.12 | 28,118.28 |
| Particulars | 31 March 2026 (Audited) | 31 March 2025 (Audited) |
|---|---|---|
| Cash flows from operating activities | ||
| Profit after tax | 2,222.01 | 458.89 |
| Tax expenses/ (credit) | 75.99 | (40.92) |
| Interest on income tax refunds | (25.11) | (180.70) |
| Exceptional items (refer note 6) | ||
| – Impairment of Goodwill and other Intangible assets | – | 259.28 |
| – Expected credit loss on Trade receivables (billed and unbilled) and Security deposits | – | 1,186.77 |
| – Employee stock option cost | 5.16 | 32.82 |
| – Stamp duty charges on demerger | – | 118.32 |
| Interest on term deposits | (33.76) | (23.07) |
| Amortised cost adjustments for financial instruments | (43.88) | (2.72) |
| (Profit)/loss on sale of property, plant and equipment, net | (0.87) | 1.08 |
| Net gain on sale of investments in mutual funds and others | (8.24) | – |
| Employee stock option cost | 31.73 | 41.12 |
| Finance costs | 492.20 | 385.98 |
| Depreciation and amortisation | 418.38 | 412.10 |
| Expected credit loss on financial assets | 120.10 | 577.37 |
| Deposits written off | 6.14 | – |
| Foreign exchange (gain)/ loss, net | 0.10 | 14.44 |
| Fair value (loss) adjustments through profit and loss account | 7.56 | – |
| Operating cash flows before working capital changes | 3,267.51 | 3,240.76 |
| Changes in operating assets and liabilities | ||
| Changes in inventories | – | 0.76 |
| Changes in trade receivables and unbilled revenue | (648.00) | (957.61) |
| Changes in loans, other financial assets and other assets | (578.77) | (305.20) |
| Changes in trade payables | (313.66) | 273.85 |
| Changes in other financial liabilities, other liabilities and provisions | 1,256.27 | 260.54 |
| Cash generated from operations | 2,983.35 | 2,513.10 |
| Income taxes (paid)/ refund received, net | (682.75) | 1,291.67 |
| Net cash flows from operating activities (A) | 2,300.60 | 3,804.77 |
| Cash flows from investing activities | ||
| Expenditure on property, plant and equipment and intangibles | (86.59) | (17.01) |
| Proceeds from sale of property, plant and equipment | 0.87 | 2.23 |
| Investments in mutual funds and others | (12,751.41) | – |
| Proceeds from sale of mutual funds and others | 12,240.03 | – |
| Placement of bank deposits | (421.03) | (10.62) |
| Redemption of bank deposits | 247.57 | – |
| Interest received on term deposits | 39.72 | 47.40 |
| Net cash used in investing activities (B) | (730.84) | 22.00 |
| Cash flows from financing activities | ||
| Repayment of lease liabilities | (372.50) | (328.40) |
| (Repayments) of working capital loan, net | (120.63) | (1,238.27) |
| Shares issued on exercise of employee stock options | 4.12 | 4.09 |
| Dividend paid | (1,636.12) | (1,485.15) |
| Interest paid | (248.80) | (133.74) |
| Net cash used in financing activities (C) | (2,373.93) | (3,181.47) |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | (804.17) | 645.30 |
| **Cash and cash equivalents at the |