Revenue from operations rose 14.5% year-on-year to ₹4,181.7 crore during the quarter from ₹3,651.4 crore a year earlier.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 21.2% to ₹84.5 crore from ₹69.7 crore in the year-ago period. EBITDA margin remained unchanged at 2%. The company reported earnings per share (EPS) of ₹5.5 for the quarter.
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In the General Staffing business, revenue stood at ₹3,596 crore, while EBITDA came in at ₹51 crore. Headcount increased to 469,000 with the addition of more than 3,800 employees during the quarter. The business added 86 new contracts.
The Professional Staffing business delivered 12% year-on-year EBITDA growth with EBITDA margins of around 11%. Global Capability Centres (GCCs) accounted for 71% of headcount and 68% of revenue. The segment added 36 new contracts during the quarter.
The overseas business added 37 new contracts and delivered double-digit growth in both revenue and EBITDA. The Middle East business reported 26% year-on-year revenue growth, 18% EBITDA growth and EBITDA margins of 12%.
Singapore added 17 new contracts during the quarter, while Malaysia recorded 56% year-on-year revenue growth. The Philippines business posted 17% year-on-year revenue growth.
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During the quarter, Great Place to Work (GPTW) recognised Quess Corp as one of the Best Workplaces in Staffing & Recruitment. The company also launched a new Indo-Japanese corridor for Global Capability Centres (GCCs) and skill mobility.
“Looking ahead, as part of Quess 2.0, the company will continue its focus on high-margin GCC vertical and invest in AI-led process transformation, while pursuing skilled migration and credentialised talent export across five identified segments, built through partner-led, capital-light models,” it added.
Lohit Bhatia, ED and Group CEO, said, “We are pleased to report a strong start to the financial year, with revenue growing by 15% YoY to ₹4,182 crore and EBITDA rising by 21% YoY to ₹85 crore. Our PAT and EPS grew by over 61%, reaching ₹82 crore and ₹5.5, respectively. This performance was driven by strong momentum across segments.
Professional Staffing delivered 12% YoY EBITDA growth with margins of ~11%, backed by sustained GCC hiring. General Staffing growth was led by Retail, Telecom, and Manufacturing, while also adding 86 new logos, giving us a head start going into Q2. Our Overseas Business was equally resilient, delivering 17% YoY growth in both revenue and EBITDA, led by the Middle East, Singapore, Malaysia, and the Philippines.
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The more important story, however, is structural. While volume and headcount will remain central to Quess, we are consciously pivoting all new projects and endeavours towards skill-based, margin-accretive initiatives. This includes strengthening our Construction business, boosting sourcing productivity through AI-led transformation, and building a stronger presence in GCCs with high-end, specialised offerings.
In the GCC space, we are evaluating partnerships across various overseas markets, with our first corridor now signed to kick-start this journey, targeting Japanese enterprises. Together, these moves reflect our broader strategy of building a global, skill-intensive, higher-margin portfolio for the future.”
Shares of Quess Corp Ltd ended at ₹307.20, down by ₹3.35, or 1.10%, on the BSE.
