loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Quess Corp Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Quess Corp Ltd. 30 Oct 2025 12:03 PM
Result PDF

Q2FY26 Quarterly Result Announced for Quess Corp Ltd.

BPO/KPO company Quess Corp announced Q2FY26 results

  • Revenue at Rs 3,832 crore, up by 3% YoY and 5% QoQ.
  • EBITDA at Rs 77 crore, up by 11% YoY and 10% QoQ.
  • Achieved an EBITDA margin of 2%, an increase by 13bps YoY and 9bps QoQ.
  • PAT at Rs 52 crore, up by 2% YoY and 2% QoQ with an EPS of Rs 3.5/share.

Guruprasad Srinivasan, ED & Group CEO, said: “We are pleased to report a highest ever EBITDA of Rs 77 crore, up by 11% YoY and revenue of Rs 3,832 crore, up by 3% YoY as we continue to deliver non-linear growth. Our operating EBITDA margin has improved to 2%, up by 13 basis points YoY.

Growth has been primarily driven by General Staffing segment, with a festive headcount addition of 21,000, taking the overall headcount to 4,83,115. Our Professional Staffing business, largely led by IT staffing in the GCC segment, continues to showcase strong YoY growth in revenue, EBITDA, and operational EBITDA margin at 11%, 37%, and 236bps, respectively.

We are experiencing tailwinds in Q3 from the new GST reforms which will help our growth journey over the next two quarters.”

Result PDF

Result PDF

BPO/KPO company Quess Corp announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Revenue: Rs 3,656 crore up 3% YoY
  • Reported EBITDA: Rs 67 crore up 13% YoY
  • Profit Before Tax (PBT): Rs (99) crore down from Rs 34 crore — down 389% YoY
  • Adjusted PAT: Rs 63 crore up from Rs 42 crore — up 49% YoY
  • Diluted EPS: Rs (6.4) down from Rs 2.6 — down 343% YoY

FY25 Financial Highlights:

  • Revenue up by 9% YoY to Rs 14,967 crore
  • EBITDA up by 12% YoY at Rs 262 crore
  • Adj. PAT up by 54% YoY at Rs 210 crore
  • Net Cash up from Rs 39 crore to Rs 255 crore
  •  Board recommended a final dividend of Rs 6/share and a new dividend policy of distributing up to 75% of the free cash flow

Commenting on the performance, ED & Group CEO Guruprasad Srinivasan said, “I am excited to share our first set of results as a workforce management company – Quess Corp, following the successful completion of our demerger. We clocked revenues of Rs 14,967 crore and an EBITDA of Rs 262 crore, continuing our trajectory of non-linear growth. Professional Staffing had an outstanding year with EBITDA growth of 42% YoY driven by niche tech roles and will be shortly launching our GCC-as-a-service to augment our capabilities. General Staffing experienced a drop in revenue due to macro headwinds and ramp-down in NBFC segment, the base is now reset to grow at market leading growth rates for FY26. In the Overseas Staffing business, Middle East recorded the highest ever revenue and EBIDTA growth, while Singapore continues to face headwinds. The demerger has enabled sharper focus which should result in greater market penetration and cost optimization, making us ready to deliver an ROE of 20% to our shareholders.

Result PDF

BPO/KPO company Quess Corp announced Q3FY25 results

  • Revenue at Rs 5,519 crore up by 14% YoY and 7% QoQ.
  • EBITDA at Rs 197 crore up by 6% YoY and 1% QoQ.
  • PAT at Rs 85 crore up by 34% YoY and down 9% QoQ.
  • Board has approved an interim dividend of Rs 4 per share.

Guruprasad Srinivasan, ED & Group CEO, said: “We are pleased to report a consistent double-digit revenue growth and a healthy earnings profile, along with gross debt reduction to Rs 224 crore and a dividend of Rs 4 per share. Our year-to-date performance reflects a non-linear profitable growth trajectory, highlighted by double-digit growth in both Revenue and EBITDA.

Our Workforce Management platform achieved a significant milestone of surpassing 500k headcount delivering robust revenue growth, driven by demand in Retail and Telecom, and strong hiring trends in GCCs. Global Technology Solutions continued its strong momentum, benefiting from increased contributions from international markets, while Operating Asset Management saw solid topline growth, particularly in Telecom and Industrial sectors. On the 3-way demerger, we are on track for and currently awaiting NCLT approval.

We are also delighted to announce that Quess Corp has been certified as A Great Place to Work for the 6th consecutive year, reaffirming our dedication to fostering a positive and empowering workplace culture”

Result PDF

BPO/KPO company Quess Corp announced Q2FY25 & H1FY25 results

Q2FY25 Financial Highlights:

  • Revenue at Rs 5,179 crore up by 9% YoY and 4% QoQ
  • EBITDA at Rs 196 crore up by 16% YoY and 4% QoQ with increase in margin by 23 basis points YoY
  • PAT at Rs 94 crore up by 32% YoY and down 16% QoQ

H1FY25 Financial Highlights:

  • Revenue of Rs 10,182 crore up by 9% YoY
  • EBITDA at Rs 384 crore up by 17% YoY with increase in margin by 27 basis points YoY
  • PAT at Rs 205 crore up by 72% YoY
  • Net cash at Rs 334 crore, increased by Rs 102 crore from March’24, H1FY25 OCF to EBITDA at 86%
  • Gross debt levels at Rs  253 crore, reduced debt by Rs 117 crore in H1FY25

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are pleased to report a solid quarter with quarterly revenue of Rs 5,179 crore and EBITDA margin uptick of 23 bps YoY, underpinned on broad-based performance across our platforms. During the quarter, Quess became a 6,00,000 headcount strong organization. WFM delivered healthy topline growth with headcount additions in Retail and Logistics verticals, and increasing salience of GCCs supported IT staffing. Improving international contribution in GTS and growth in F&B and telecom business in OAM contributed to higher realizations.

Our committed approach of financial and operational prudence has resulted in increased business efficiencies. We have also been strategically investing to strengthen platform-wise capabilities to ensure they are optimally positioned for future opportunities. We are progressing on-track towards our proposed demerger and are confident of long-term value creation for our stakeholders.”

Result PDF

BPO/KPO company Quess Corp announced Q1FY25 results:

Financial Highlights:

  • Robust headcount growth of 14% YoY, now at 5,97,000 employees
  • Revenue at Rs 5,003 crore, up by 9% YoY and 2% QoQ
  • Quarterly EBITDA at Rs 184 crore, up by 19% YoY and down 6% QoQ
  • PAT at Rs 112 crore, up by 132% YoY and 14% on a QoQ basis

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said: “In the first quarter of the year, we delivered a robust performance. The organization strengthening and optimization of operational efficiencies that Quess has undertaken over the last few quarters has shown results, and we expect this trend to continue. Also, the government's focus on jobs will croreeate a beneficial external environment for Quess and our demonstrated execution skills should help us leverage the opportunity that is now opening up.”

Result PDF

BPO/KPO company Quess Corp announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue of Rs 4,910 crore up by 11% YoY and 1% QoQ
  • EBITDA at Rs 195 crore up by 28% YoY and 8% QoQ with GTS EBITDA at record levels of Rs 113 crore
  • PAT at Rs 98 crore up by 226% YoY and 54% QoQ
  • Corporate structure simplification - Announced a three way demerger and successful divestments of two businesses

FY24 Financial Highlights:

  • Revenue of Rs 19,100 crore up by 11% YoY and highest-ever EBITDA of Rs 694 crore up by 18% YoY
  • EBITDA Margin expansion YoY by 22 bps to 3.6%
  • PAT up by 26% YoY to Rs 280 crore, and EPS is up by 24% to 18.6 per share
  • OCF / Operating EBITDA conversion at 67%; OCF at Rs 338 crore
  • Net cash position improved by Rs 150 crores to Rs 232 crores with reduction of DSO by 4 days to 53 days

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are delighted to announce our financial results with highest ever Revenue and EBIDTA for FY24. Our focus on profitable growth and simplification of operations within platforms has resulted in non-linear increase in EBITDA and PAT. GTS and OAM platforms witnessed significant expansion in margin profile during the year led by operating leverage and business efficiencies. WFM platform continues to deliver a robust headcount growth led by Manufacturing and Retail as the vertical focus strategy has started yielding results. Our 3-way demerger of Quess Corp announced during the quarter is on track, and we are confident that it will significantly augment the value creation journey going forward.”

Result PDF

BPO/KPO company Quess Corp announced Q2FY24 & H1FY24 results:

1. Financial Performance:

  • Q2FY24:
    •  Quess Corp's Q2 revenue increased by 11% YoY, reaching Rs 4,748 crore.
    • The company reported a significant growth in PAT, with a 79% YoY increase to Rs 71 crore.
    • EBITDA at Rs 164 crore up by 21% YoY and 6% QoQ
  • H1FY24:
    • Revenue of Rs 9,349 crore up by 13% YoY
    • EBITDA at Rs 317 crore up by 10% YoY
    • PAT at Rs 119 crore up by 10% YoY
    • Net cash at Rs 138 crore, increased by Rs 56 crore from March’23, H1FY24 OCF to EBITDA at 62%


2. Business Highlights:
- Quess Corp's higher margin platforms, GTS and OAM, saw increased profitability and improved margins.
- The listed subsidiary, AllSec, achieved a market cap of 1,000 crore with a CAGR of 23% since 2019.
- The WFM platform continued to deliver steady growth despite global headwinds from the IT sector.
- The Foundit platform experienced robust sales growth of 35% YoY and 20% QoQ.

3. Segment Performance:
- Workforce Management vertical reported a total headcount of 430k, a 14% YoY increase.
- Global Technology Services segment achieved 11% YoY growth, backed by 5G and 4G deployments.
- Operating Asset Management showed growth in the food business, with a 33% YoY increase in gross margin.
- Product-led business witnessed steady growth, with a 13% YoY increase in revenue.

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are delighted to report robust revenues of Rs 4,748 crore, up by 11% YoY and a PAT of 71 crore, up by 79% YoY. This growth is due to focused efforts over the last few quarters in developing greater automation in our platforms building operational efficiencies and focusing on high-margin businesses.

Our higher margin platforms, GTS and OAM have delivered a consistent increase in profitability along with improvement in margins over the last few quarters. Our listed subsidiary AllSec has surpassed a market cap of 1,000 crore with a CAGR of 23% from our initial investment in 2019. WFM platform continues to deliver steady growth despite global headwinds from the IT sector. In product-led business, our investment in people, technology, and marketing activities continues. We remain bullish about future growth prospects and our consolidation efforts have started to yield positive results to help us realize non-linear profit growth from our all-weather business model.”

 

Result PDF

BPO/KPO company Quess Corp announced Q1FY24 results:

  • Revenue of Rs 4,600 crore up 16% YoY and 4% QoQ
  • EBITDA at Rs 154 crore with GTS crossing milestone quarterly EBITDA of Rs 100 crore
  • PAT at Rs 48 crore
  • Net cash position has improved to Rs 49 crore in Q1FY24 compared to Q1 FY23
  • Headcount grows by 12% YoY to 525k

Commenting on the results, ED & Group CEO Guruprasad Srinivasan, said, “We are pleased to report revenues of Rs 4,600 crore, up 16% YoY backed by 15k headcount totalling up to an overall headcount of 525k. 35% of the associates who joined us in Q1 entered the formal workforce for the first time. We acquired 183 new customers, setting us up for growth over the next few quarters.

GTS achieved its highest-ever EBIDTA of Rs 100 crore with 11% revenue growth on account of non-voice BPO and HRO services. In the WFM business, growth was driven by BFSI, Telecom, and Manufacturing sectors. OAM platform delivered 16% revenue growth on the back of healthcare, manufacturing, and public utility sectors. In Product led business our investment continues in people, technology, and marketing activities with significant improvement in candidate engagement metrics for Foundit.

Overall, despite macroeconomic headwinds, there has been quarterly improvement in Revenue and Operating profit confirming our all-weather business model.”

 

 

Result PDF

BPO/KPO firm Quess Corp announced FY23 results:

  • Headcount net-addition of 74k (17% YoY growth) in FY23; Second consecutive year of 70k HC addition
  • Revenue of Rs 17,158 crore up 25% YoY, driven by Work Force Management (WFM) up 25%, Operating Asset Management (OAM) up 24%, Global Tech Solutions (GTS) up 23% and Product Led Business (PLB) up 59%
  • EBITDA at Rs 586 crore down 6% YoY; excluding PLB, EBITDA increased by 7% to Rs 681 crore
  • PAT of Rs 223 crore down 11% YoY; excluding PLB, PAT increased by 28% to Rs 334 crore
  • OCF / Operating EBITDA conversion at 71%; excluding PLB, OCF / Operating EBITDA conversion at 67%
  • Net cash position has improved to Rs 82 crore in FY23 against Rs 16 crore in FY22

Commenting on the results, ED & Group CEO Mr. Guruprasad Srinivasan said, “We are pleased to report revenues of Rs 17,158 crore, up 25% YoY, backed by a 70k headcount increase for the second consecutive year. Along with a 25% growth in our business, the consolidated gross debt has reduced by Rs 57 crore to Rs 531 crore. We have reduced our DSO by 5 days YoY to 57 days and this has resulted in total collections of Rs 294 crore, which is 71% of our operating EBITDA.

Our other significant achievements include closing the year at 511k headcount, up 17% YoY and receiving the ‘Great Place to Work’ certification for the 4th consecutive year. Also, our GTS business has delivered its highest ever EBITDA of Rs 353 crore, growing by 11% YoY.

We have closed the year on a strong note and are well-positioned to take advantage of the many organizational initiatives launched over the past 12 months. We believe the tailwind from India’s economic growth and the investments that Quess has made in its service lines gives us the opportunity to continue our steady growth in the next financial year.”

 

 

Result PDF

BPO / KPO firm Quess Corp announced Q3FY23 results:

  • Q3FY23:
    • Q3FY23 revenue is up 4% QoQ is driven by General Staffing (up 6%), Quess Singapore (up 8%) IFMS (up 6%), and Conneqt (up 5%)
    • EBITDA for Q3FY23 is up 8% QoQ to Rs 145 crore from Rs 135 crore; EBITDA margin has improved by 10bps with reductions in SG&A
    • QoQ PAT is up by 116% from Rs 40 crore to Rs 86 crore
    • EPS is up 110% on a QoQ and 6% on a YoY basis
    • On a YoY basis, EBITDA for Q3 has dropped by 19% from Rs 179 crore to Rs 145 crore, primarily due to an additional spend of Rs 30 crore in Q3FY23 in Monster/found it.
    • GTS achieves its highest-ever EBITDA
    • Simpliance: Completed the divestment with an investment gain of Rs 53.5 crore
    • Paid an interim dividend of Rs 8/share for FY23

Commenting on the results, ED & Group CEO Guruprasad Srinivasan said, “We are pleased to report revenues of Rs 4,466 crore with a QoQ growth of 4%. Our EBITDA grew by 8% QoQ with sales growth, operating efficiencies, and SG&A cost reductions being its key drivers. GTS posted its highest-ever EBITDA of Rs 90 crore in a challenging environment, once again substantiating the strength of the all-weather business model. We are making good progress with our internal plans of cost reduction and the overall growth of our profitability.”

 

 

Result PDF

Trending News

Silver price hits new high

As per media sources, silver prices reached an all-time high of $67 per ounce for the first time yesterday.

Published on 22-Dec-2025 09:13

Krishna Institute sets up super speciality hospital

Krishna Institute of Medical Sciences Limited has entered into a lease and licence agreement with Andhra Mahila Sabha to lease around 1.168 acres of land in Chennai for setting up a super speciality hospital. 

Published on 22-Dec-2025 09:12

Delhi cracks down on liquor cartels

According to media reports, Delhi government is cracking down on liquor cartels even as the top selling liquor brands remain the same in the national capital as during the previous Aam Aadmi Party (AAP) regime. 

Published on 22-Dec-2025 09:11

Titan aims for $1 billion watch sales

Titan is optimistic for its watch business, which is expected to touch the $1 billion sales mark in the next two years, led by factors such as premiumisation, retail footprint expansion and growth of the international business division. 

Published on 22-Dec-2025 09:10

Shree Cement gets greenlight for ₹2,000 cr cement plant

As per media reports, Shree Cement has signed an LoI with Maharashtra to set up a 2 mtpa cement plant in Chandrapur district, Maharashtra with an investment of Rs 2000 crore. 

Published on 22-Dec-2025 09:09

US President signs national defense act

The US President has signed the National Defense Authorisation Act, an amended version of the US Biosecure Act. 

Published on 22-Dec-2025 09:08

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status