Fairbridge Capital (Mauritius), a subsidiary of Fairfax Financial Holdings, acquired 3,77,218 equity shares of Quess Corp, representing 0.25% of the company's paid-up capital. The purchase was executed through open market transactions on stock exchanges.
As on December 2024, Fairbridge Capital Mauritius held 5,04,76,237 shares, or 33.95% stake in the company. Total promoter stake in the company stood at 56.57%
Quess Corp provides a host of managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, manufacturing, facilities & security management, HR & F&A operations, IT & mobility services etc.
Quess Corp's consolidated net profit fell 16.16% to Rs 93.62 crore in Q2 FY25 as compared with Rs 111.67 crore posted in Q1 FY25. Revenue from operations increased 3.52% QoQ to Rs 5179.36 crore in Q2 FY25. On year on Year (YoY) basis, the company's consolidated net profit and revenue jumped 31.97% and 9.08% respectively in Q2 FY25.