Quess Corp reports highest ever quarterly EBITDA of ₹77 cr, up 11% YoY, with 21,000 associate additions in Q2 FY26
Quess Corp reported its highest ever quarterly EBITDA of ₹77 crore (up 11% YoY) and ₹3,832 crore revenue (up 3% YoY) for Q2 FY26, with a net addition of 21,000 associates. A concall is scheduled for October 30, 2025.
The announcement includes significant financial results (highest ever EBITDA, revenue, and PAT growth), strategic operational achievements (substantial associate additions, new contracts), and a positive future outlook. These factors are highly material for investor decision-making.
The company reported its 'highest ever quarterly EBITDA' with an 11% YoY increase, along with revenue and PAT growth. The addition of 21,000 associates and positive commentary on future growth driven by GST reforms and staffing demand contribute to a positive outlook.
Quess Corp Limited announced its Q2 and H1 FY26 financial results on October 29, 2025, reporting its highest ever quarterly EBITDA and significant associate additions. Q2 FY26 Highlights: * Revenue stood at ₹3,832 crore, marking a 3% year-on-year (YoY) increase and a 5% quarter-on-quarter (QoQ) increase. * EBITDA reached ₹77 crore, up 11% YoY and 10% QoQ. The EBITDA margin improved to 2.0%, an increase of 13 basis points YoY and 9 basis points QoQ. * Profit After Tax (PAT) was ₹52 crore, up 2% YoY and 2% QoQ, with an Earnings Per Share (EPS) of ₹3.5/share. * The company achieved a net addition of 21,000 associates during the quarter.
H1 FY26 Highlights: * Revenue for the half-year was ₹7,483 crore, up 3% YoY. * EBITDA increased by 11% YoY to ₹146 crore, with a margin increase of 14 basis points YoY. * PAT for the half-year was ₹103 crore, up 3% YoY.
Commenting on the results, Mr. Guruprasad Srinivasan, ED & Group CEO, stated that the company is pleased to report its highest ever EBITDA and continued non-linear growth. He highlighted that growth was primarily driven by the General Staffing segment, which added 21,000 associates, bringing the total headcount to 4,83,115. The Professional Staffing business, particularly IT staffing in the GCC segment, also demonstrated strong YoY growth in revenue (11%), EBITDA (37%), and operational EBITDA margin (236 basis points). He also noted tailwinds in Q3 from new GST reforms expected to boost growth over the next two quarters.
Segmental Highlights (Q2 FY26): * General Staffing: Added 21,000 associates, reaching a total of 4,70,338. Secured 72 new contracts and improved manpower fulfilment to 47% from 30% QoQ. * Professional Staffing: IT staffing recorded an EBITDA of ₹27 crore with a double-digit EBITDA margin of over 12%. Signed 18 new contracts in Q2 (30 in H1). GCCs account for 73% of headcount and 77% of gross margin. * Overseas Business: Current headcount at 5,730, up 16% YoY. The Middle East segment delivered the highest EBITDA margin at 12.8% and a headcount of 2,100. * Digital Platforms: Profile count on Hamara Jobs platform increased to over 1.26 crore (12.6mn+), up from 78 lakh (7.8 mn) QoQ.
Outlook: Quess Corp expects to maintain steady growth over the next two quarters due to rising staffing demand across manufacturing, retail, and logistics, supported by recent GST reforms. The company also anticipates consistent double-digit operating EBITDA margins in its Professional Staffing business, driven by high-margin digital skills and GCC wallet expansion.
Conference Call Details: * A conference call to discuss the Q2 and H1 FY26 earnings is scheduled for Thursday, October 30, 2025, at 11:00 AM IST.
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