Quess Corp awarded ₹64 crore in income tax refunds for fiscal years 2022 and 2023.

On Wednesday (March 8), Quess Corp Ltd, a provider of staffing and workforce solutions, announced that it has received two orders from the Joint Commissioner of Income Tax (OSD), Central Circle–2(1), Bengaluru, for income tax refunds amounting to ₹63.81 crore for the financial years 2021-22 and 2022-23.

The orders were issued on April 8, 2026, in accordance with Section 154 of the Income Tax Act, 1961, and both are dated March 11, 2026.

For FY22, the Income Tax Assessing Officer approved a refund balance of ₹39.58 crore. For FY23, the authority sanctioned a refund balance of ₹24.23 crore. Quess Corp stated that there will be no effect on the company’s financial, operational, or other activities.
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Quess Corp Ltd reported a 26% year-on-year rise in net profit to ₹80.4 crore for the third quarter ending December 31, 2024.

In the same quarter last year, Quess Corp recorded a net profit of ₹63.8 crore, according to a regulatory filing. The company’s revenue from operations grew by 14% to ₹5,519 crore, compared to ₹4,841.8 crore in the same period of the previous fiscal year.

At the operational level, EBITDA increased by 6% to ₹197.2 crore in the third quarter of the current fiscal year, compared to ₹185.8 crore in the corresponding period last year. The EBITDA margin was 3.6% in the reporting quarter, slightly down from 3.8% in the same period last year. EBITDA stands for earnings before interest, tax, depreciation, and amortization.

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The shares of Quess Corp Ltd closed at ₹188.80, up by ₹5.25, or 2.86%, on the BSE.