Mumbai, January 30, 2025: Quess Corp, India’s leading business services provider announced its Q3 and 9M FY25 financial results today.
Q3FY25 Highlights
- Revenue at ₹5,519 cr up by 14% YoY and 7% QoQ
- EBITDA at ₹197 cr up by 6% YoY and 1% QoQ
- PAT at ₹85 cr up by 34% YoY and down 9% QoQ
- Board has approved an interim dividend of ₹4 per share
- 9MFY25 Highlights
- Revenue of ₹15,702 cr up by 11% YoY
- EBITDA at ₹581 cr up by 13% YoY
- PAT at ₹290 cr up by 59% YoY
- Gross debt levels at ₹224 crs, reduced by ₹145 crs since Mar’24
Commenting on the performance, ED & Group CEO Mr. Guruprasad Srinivasan said, “We are pleased to report a consistent double-digit revenue growth and a healthy earnings profile, along with gross debt reduction to ₹224 crs and a dividend of ₹4 per share. Our year-to-date performance reflects a non-linear profitable growth trajectory, highlighted by double-digit growth in both Revenue and EBITDA.
Our Workforce Management platform achieved a significant milestone of surpassing 500k headcount delivering robust revenue growth, driven by demand in Retail and Telecom, and strong hiring trends in GCCs. Global Technology Solutions continued its strong momentum, benefiting from increased contributions from international markets, while Operating Asset Management saw solid topline growth, particularly in Telecom and Industrial sectors. On the 3-way demerger, we are on track for and currently awaiting NCLT approval.
We are also delighted to announce that Quess Corp has been certified as A Great Place to Work for the 6th consecutive year, reaffirming our dedication to fostering a positive and empowering workplace culture”
Q3FY25 Platform highlights
Workforce Management:
- Headcount crossed 500k associates – 503k with an addition of 5k led by Telecom, Retail Strong sales growth with 124 new contracts and ACV of ₹150+ crs
- GCC salience in domestic IT staffing continues with focus on niche, higher margin profiles
Global Technology Solutions:
61 new contracts with ACV ~ ₹147 crore
- Tech & Digital led the growth with 5% QoQ growth; Platform business was up 11% QoQ
- EXM Payroll processed 4.4 mn pay slips with 2% QoQ growth
Operating Asset Management:
- 52 new contracts with an ACV of ₹171 cr
- 15% YoY revenue growth driven by 30%+ growth in Industrial O&M and Telecom
- Acquisition of food catering and FM business of Archer Integrated Services
Product Led Business:
- Revenue declined by 29% QoQ amidst a weak hiring season and headwinds in the IT/ITeS
- Strategic shift towards job quality and organic job postings