Quess Corp Q2 FY27: PAT surges 44% YoY to ₹75 Crore, headcount crosses 500k
Quess Corp reported Q2 FY27 PAT of ₹75 crore, up 44% YoY, with revenue at ₹4,396 crore, up 15% YoY. Headcount crossed 500k. The Board approved an interim dividend of ₹5 per share. The company highlighted growth in General Staffing, Professional Staffing, and Overseas Business segments.
The substantial growth in PAT, revenue, and the achievement of a major headcount milestone are significant positive developments for the company, likely to be well-received by investors.
The company reported strong financial results with significant year-on-year growth in PAT and revenue, alongside a headcount milestone and a dividend announcement.
Quess Corp announced its Q2 FY27 financial results, reporting a 44% year-on-year growth in Profit After Tax (PAT) to ₹75 crore, with Earnings Per Share (EPS) at ₹5. The company's revenue for the quarter stood at ₹4,396 crore, marking a 15% increase year-on-year. Adjusted EBITDA grew by 20% YoY to ₹92 crore, and net cash was reported at ₹471 crore, with quarterly cash collection exceeding ₹5,000 crore.
The Board of Directors has approved an interim dividend of ₹5 per share. A significant milestone was achieved as the company's headcount crossed 500,000 employees, largely driven by over 20,000 additions in the General Staffing business. This segment added 116 new client logos and achieved 15% YoY revenue growth and 23% YoY EBITDA growth.
Professional Staffing recorded 13% YoY revenue growth, supported by demand from Global Capability Centres (GCCs). The Overseas Business maintained momentum with 10% YoY revenue growth and 23% YoY EBITDA growth, despite geopolitical challenges, driven by higher margins in the Middle East and contributions from Malaysia, Singapore, and the Philippines.
In terms of segmental performance, General Staffing reported revenue of ₹3,823 crore and EBITDA of ₹57 crore, with a headcount of 490k and 116 new contracts. Professional Staffing achieved double-digit margins of approximately 11%, with GCCs contributing 71% of headcount and revenue. The Overseas Business added 33 new contracts, with Malaysia achieving 50% YoY revenue growth and the Philippines recording 15% YoY revenue growth.
Quess Corp is progressing with its Quess 2.0 strategy, expanding its IT Staffing business into end-to-end IT Solutions and gaining momentum with its global corridors strategy through partnerships for Japan. The company has also implemented an AI-led sourcing platform and launched an associate Query Management System (QMS) to enhance efficiency and associate experience.
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