Tuesday, 3 November 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Quess Corp Earnings Call Transcript: Key Takeaways

Quess Corp reported 15% revenue growth driven by record general staffing additions, though EBITDA margins remained thin at 2.1%. Management is pivoting toward higher-margin 'Quest 2.0' segments to improve profitability.

Highlights
Revenue growth15% YoY growth to ₹4,396 Cr; record H1 revenue performance.
MarginsThin 2.1% adjusted EBITDA margin; focusing on higher-margin niche IT skills.
Order bookRecord 116 new contracts in general staffing; 62 in IT staffing.
Demand visibilityStrong seasonality in retail/logistics; manufacturing vertical growing rapidly at 11%.
Management confidenceBalanced, emphasizing long-term technology-led margin expansion via Quest 2.0.

Growth

Revenue grew 15% YoY to ₹4,396 Cr; H1 revenue up 15%. General staffing associate count hit 504k.

Outlook

Targeting 80% query resolution by AI by March 2027; interim dividend of ₹5 per share declared.

Risks

Thin margins in core staffing and front-loaded technology investments could delay bottom-line expansion if execution falters.

Last quarter's promises, checked

Delivered

  • Guided zero-debt balance sheet → net cash ₹471 Cr (= BEAT)

Partly delivered

  • Guided 40k-50k GS associate adds/yr (10-11%); Q1 ~5k, Q2 21k net → full-year not yet verifiable (= PARTIAL)
  • Guided FY26 final ₹3/sh at 25-Aug AGM → paid, amount unconfirmed (= PARTIAL)

Missed

  • Guided Q2 Labour Code liability ≤ one-third of Q1's ₹176 Cr → ₹120 Cr Q2 impact (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: QUESS. Summary written with AI assistance from the document.

Read the document ↗

Quess Corp Ltd: key numbers

Share price
₹318.60
Market cap
₹4,759 Cr
Revenue (annual)
₹15,305 Cr
Net profit (annual)
₹221.6 Cr
P/E (TTM)
17.3×Sector 23.5×
Promoter holding
56.81%-0.01% QoQ
FII holding
10.26%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Quess Corp Ltd

All →