Q3 2025 Quess Corp Ltd Earnings Call Transcript
Key Points
- Quess Corp Ltd (BOM:539978) reported a double-digit growth in revenue and EBITDA for the past nine months, with PAT and EPS increasing by over 50%.
- The company added approximately 50,000 associates in the past nine months, reflecting a 9% growth from March '24 levels.
- The workforce management platform secured 124 new contracts with an annual contract value exceeding INR150 crores.
- The Global Technology Solutions platform saw a 5% sequential growth in Tech and Digital, driven by platform business growth.
- Quess Corp Ltd (BOM:539978) has successfully secured shareholder and creditor approval for its demerger plans, which are progressing on track.
- EBITDA margins contracted to 3.6% due to investments in sales and leadership and festive season payouts to associates.
- PAT decreased by 13% sequentially due to demerger-related costs.
- The BFSI sector experienced a slowdown, impacting headcount growth and open mandates.
- The foundit platform registered a weak quarter due to seasonal weak hiring and IT/ITES sector headwinds.
- Overseas staffing performance was impacted by visa restrictions in Singapore, leading to flat sales growth in the quarter.
Ladies and gentlemen, good day, and welcome to Quess Corp Limited Q3 and nine months FY25 earnings conference call hosted by IIFL Capital Services Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Balaji Subramanian from IIFL Capital Services Limited. Thank you, and over to you, sir.
Thank you. Ladies and gentlemen, good morning and thank you for joining us on the post Q3 and nine months FY25 results conference call for Quess Corp Limited. It's my pleasure to introduce the senior management team of Quess Corp, who are here with us today to discuss the results.
We have Mr. Guruprasad Srinivasan, ED and Group CEO; Mr. Kamal Pal Hoda, Group CFO; Mr. Kushal Maheshwari, Head, Investor Relations and Strategic Finance; Mr. Lohit Bhatia, President, Workforce Management; Mr. Gurmeet Chahal, CEO, GTS; Mr. Anand Sundar Raj, President, OAM; Mr. V. Suresh, CEO, foundit. We will begin the call with opening remarks by the management team, and
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