India · Delayed Price · Currency is INR Quess Corp Earnings Call Transcripts
Fiscal Year 2027
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Q1 FY 2027 saw 15% year-on-year revenue growth and 61% PAT growth, with all core segments delivering double-digit revenue increases. The company maintained a zero-debt balance sheet, received a significant tax refund, and is focused on expanding higher-margin, dollar-linked businesses under its Quess 2.0 strategy.
Fiscal Year 2026
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Q4 FY 2026 saw 6% revenue growth and 28% EBITDA growth, with margin expansion to 2.2%. High-margin segments now contribute 50% of profitability, and the company declared special and final dividends. Outlook for FY 2027 is positive, with a focus on scaling high-margin businesses and leveraging technology.
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Q3 FY 2026 saw steady revenue growth, margin expansion, and strong cash flow, with adjusted PAT up 29% year-on-year. Labour Code implementation caused temporary headcount stagnation but is expected to drive long-term formalization and margin resilience. Dividend payout policy remains robust.
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Q2 FY26 saw 3% YoY revenue growth to INR 3,832 crore and record EBITDA of INR 77 crore, with strong cash flow and margin expansion. General Staffing and Professional Staffing segments delivered robust performance, while digital platforms and overseas business contributed to profitability.
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Q1 FY26 saw 2% revenue growth year-on-year, margin expansion, and strong professional staffing performance with double-digit margins. The company launched Origint for GCC services and expanded digital staffing via ONDC, while maintaining zero gross debt and a positive outlook for upcoming quarters.
Fiscal Year 2025
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Completed a strategic demerger, improved operational efficiency, and delivered 9% YoY revenue growth with strong cash flows and a new dividend policy. Adjusted PAT grew 52% YoY, with margin improvement targeted above 2% by year-end. Recovery from NBFC headcount loss expected in two quarters.
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Revenue and EBITDA grew in double digits for the nine months, but Q3 margins contracted due to investments, festive payouts, and macro headwinds. Demerger is on track, debt reduced, and interim dividend declared. Outlook remains positive with sectoral recovery expected.
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Revenue and EBITDA grew 9% and 16% year-on-year in Q2, with margin expansion and strong cash flow. Workforce Management and Technology Solutions drove growth, while Product-Led business nears break-even. Margin improvement and headcount growth expected in H2.
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Record revenue and strong headcount growth marked Q1 FY25, with EBITDA up 19% year-on-year and PAT up 132%. Margins dipped sequentially due to seasonality but are expected to recover as IT staffing and high-margin businesses rebound. Demerger and digital initiatives remain on track.