Revenue from operations experienced a year-on-year increase of 14.5%, reaching ₹4,181.7 crore compared to ₹3,651.4 crore a year prior.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 21.2% to ₹84.5 crore from ₹69.7 crore in the previous year. The EBITDA margin held steady at 2%. The company reported an earnings per share (EPS) of ₹5.5 for the quarter.
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In the General Staffing segment, revenue was ₹3,596 crore, with EBITDA at ₹51 crore. The headcount grew to 469,000, adding over 3,800 employees during the quarter, alongside 86 new contracts.
The Professional Staffing division achieved a 12% year-on-year EBITDA growth with margins around 11%. Global Capability Centres (GCCs) represented 71% of the headcount and 68% of the revenue, adding 36 new contracts in the quarter.
The international operations contributed 37 new contracts and achieved double-digit growth in both revenue and EBITDA. The Middle East segment reported 26% revenue growth year-on-year, 18% EBITDA growth, and EBITDA margins of 12%.
During the quarter, Singapore added 17 new contracts, while Malaysia saw a remarkable 56% year-on-year revenue increase. The Philippines operations reported a 17% year-on-year revenue increase.
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In recognition of its workplace environment, Great Place to Work (GPTW) named Quess Corp one of the Best Workplaces in Staffing & Recruitment. The company also initiated a new Indo-Japanese corridor aimed at Global Capability Centres (GCCs) and skill mobility.
“Looking forward, as part of Quess 2.0, we will maintain our focus on the high-margin GCC sector and invest in AI-driven process transformation, along with pursuing skilled migration and credentialed talent export across five designated segments, facilitated through partner-led, capital-light models,” it stated.
Lohit Bhatia, ED and Group CEO, commented, “We are delighted to report a robust commencement of the financial year, with revenue increasing by 15% YoY to ₹4,182 crore and EBITDA rising by 21% YoY to ₹85 crore. Our profit after tax (PAT) and EPS surged by over 61%, reaching ₹82 crore and ₹5.5, respectively. This performance was fueled by strong activity across all segments.
The Professional Staffing sector showed a 12% YoY EBITDA growth with approximately 11% margins, supported by consistent hiring in GCCs. The General Staffing growth was boosted by Retail, Telecom, and Manufacturing sectors, adding 86 new logos and providing a strong foundation heading into Q2. Our Overseas Business demonstrated similar resilience, achieving a 17% YoY growth in both revenue and EBITDA, driven by regions including the Middle East, Singapore, Malaysia, and the Philippines.
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However, the more significant narrative is structural. While volume and headcount will continue to be essential for Quess, we are intentionally directing all new projects toward skill-based, margin-enhancing initiatives. This encompasses fortifying our Construction sector, enhancing sourcing productivity through AI-driven transformation, and solidifying our presence in GCCs with specialized, high-end offerings.
Within the GCC arena, we are exploring partnerships in various international markets, with our inaugural corridor now established to commence this venture, targeting Japanese companies. Collectively, these strategies embody our overarching goal of creating a global, skill-intensive, higher-margin portfolio for the upcoming future.”
Quess Corp Ltd shares concluded at ₹307.20, down by ₹3.35, or 1.10%, on the BSE.
