Quess Corp Transcripts 19th AGM Held August 25, 2026
Quess Corp held its 19th AGM on August 25, 2026. The company reported FY26 revenue of ₹15,305 crore and EBITDA of ₹312 crore. It declared a total dividend of ₹11 per share for FY26. The strategy Quess 2.0 aims to increase high-margin, dollar-linked revenue to 20% in 3-4 years. Key priorities include international talent corridors and leveraging AI.
The AGM transcript provides a comprehensive update on the company's performance, strategy, and outlook, including financial results and future plans. It also addresses auditor's comments, which are material to investors.
The announcement is a transcript of an AGM, which is primarily informational. While positive financial performance and future strategies were discussed, the modified opinion from auditors regarding tax disallowances introduces a neutral element.
Quess Corp Limited has released the transcript of its 19th Annual General Meeting (AGM), which was held on Tuesday, August 25, 2026, at 03:30 P.M. IST, virtually via Video Conferencing and Other Audio-Visual Means.
The meeting was chaired by Mr. Ajit Isaac, who welcomed the shareholders and highlighted the company's journey since its listing in July 2016. He noted that the company has grown from 1,60,000 employees to over 4,82,000 across eight countries. The demerger in FY25 created three separate listed entities: Quess Corp, Bluspring Enterprises, and Digitide Solutions, with the original Quess IPO capital of ₹1,270 crore being reinvested.
For the financial year ended March 31, 2026 (FY26), Quess Corp reported revenues of ₹15,305 crore, with EBITDA at ₹312 crore (a 19% growth) and an improved EBITDA margin of 2.0%. Adjusted PAT stood at ₹230 crore, a 10% increase. The company ended the year with net cash of ₹271 crore and zero debt. The Board declared a total dividend of ₹11 per share for FY26, amounting to approximately ₹165 crore.
Segment-wise performance included General Staffing with ₹13,176 crore in revenue and ₹189 crore in operating profit. Professional Staffing delivered ₹930 crore in revenue and significant profit growth, driven by Global Capability Centres (GCCs) which now constitute over 70% of its headcount and revenue. The Overseas business contributed ₹1,197 crore in revenue with a 22% increase in operating profit.
Looking ahead, Quess Corp's strategy, termed Quess 2.0, aims to increase high-margin, dollar-linked revenue to 20% of total revenue within three to four years and raise the profit share from Professional Staffing and Overseas businesses to around 65%. Key priorities include deepening the core business, building international talent corridors (with a focus on Japan), supporting GCCs across their lifecycle, and leveraging AI to enhance productivity.
The AGM also discussed the modified opinion from the Statutory Auditors regarding certain tax deductions. The auditors noted that while the company has challenged the disallowances and believes the deductions will be accepted, pending ultimate resolution, they are unable to comment on necessary adjustments. The Secretarial Audit Report, however, contained no qualifications.
Shareholders raised questions regarding international market opportunities, the impact of generative AI, revenue contributions from global operations, investments in automation, and the company's long-term positioning. Management responded by highlighting opportunities in Manufacturing, Construction, Engineering, and GCCs in India, and the Middle East and South East Asia internationally. They emphasized their USP as a combination of sourcing reach, technology, and compliance depth, and reiterated the aspiration to grow higher-margin, dollar-linked revenues to over 20% in the next 3-4 years.
A plain-language summary of a public exchange filing by Quess Corp Limited. Read the original for the full detail.