Quess Corp Receives ₹42 Crore Tax Refund, No Business Impact

INDUSTRIAL-GOODSSERVICES
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AuthorAarav Shah|Published at:
Quess Corp Receives ₹42 Crore Tax Refund, No Business Impact
Overview

Quess Corp Limited has received a ₹42.24 crore tax refund for FY 2023-24, which includes ₹8.85 crore in interest. The company has stated that this order will not affect its financial or operational activities.

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Quess Corp Limited announced on April 28, 2026, that it received an order from the Income Tax Department regarding a ₹42.24 crore tax refund for the financial year 2023-24. The company received this order on April 27, 2026; the refund includes ₹8.85 crore in interest.

Quess Corp confirmed that this tax refund order will not affect its financial or operational activities. This suggests the refund was expected or related to a tax matter that does not change the company's core business.

Quess Corp, an integrated business services provider in India offering staffing, HR services, and facility management, sees the refund as an immediate cash inflow. The company assured that this will not disrupt existing business strategies or operational plans.

No specific risks linked to this refund were mentioned, as Quess Corp highlighted its 'no impact' stance. The company operates in the Indian business services sector, with peers including TeamLease Services Ltd.

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