Quess Corp (QUESS) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 began with strong operational momentum, achieving the largest domestic staffing headcount of 462,000 and maintaining Indian market leadership.

• Certified as a Great Place to Work for the sixth year, ranked #19 among India's Top 25 Workplaces, and recognized as India's top staffing company for 2025.

• Launched GCC-as-a-service 'Origint' to capitalize on India's Global Capability Centre opportunity.

• Consolidated revenue for the quarter ended 30 June 2025 was INR 36,514.18 million, up from INR 35,868.72 million year-over-year.

• Net profit for the quarter was INR 509.86 million, with total comprehensive income at INR 632.60 million.

Financial highlights

• Revenue reached INR 3,651 crore (INR 36,514.18 million), up 2% year-on-year and nearly flat sequentially.

• EBITDA grew 10% year-on-year to INR 70 crore, with margin improving to 1.9%.

• PAT was INR 51 crore, up 4% year-on-year; adjusted PAT was INR 53 crore, up 8% year-on-year but down 15% quarter-on-quarter.

• Basic and diluted EPS for the quarter were INR 3.42; adjusted EPS at INR 3.5, up 8% year-on-year.

• Zero gross debt at quarter-end, with a net cash position and strong liquidity.

Outlook and guidance

• Focus on scalable, efficient operations, margin-accretive avenues, and leveraging India's staffing market growth and digital transformation.

• Emphasis on GCC-as-a-service (Origint) and digital platform partnerships (ONDC), with strategic investments in technology.

• Bullish outlook for general and professional staffing, with seasonal demand expected to drive growth.

• Management expects favorable resolution of ongoing regulatory and tax disputes.