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
Conference Call with Quess Corp Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
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
Conference Call with Quess Corp Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
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