Q1 2026 Quess Corp Ltd Earnings Call Transcript
Key Points
- Quess Corp Ltd (BOM:539978) reported a revenue of INR3,651 crores for Q1 FY26, reflecting a 2% year-on-year growth.
- EBITDA increased by 10% year-on-year to INR70 crores, with margins improving to 1.9%.
- Professional Staffing segment achieved its best quarterly performance in over 15 years, with a revenue of INR244 crores and a double-digit margin of 10.2%.
- Quess Corp Ltd has been certified as a Great Place to Work for the sixth consecutive year, improving its ranking from 32nd to 19th place.
- The company launched Origint, a new strategic business line focused on expanding the GCC ecosystem, providing end-to-end services for global enterprises.
- General Staffing segment reported flat revenue year-on-year and a marginal decline quarter-on-quarter due to a challenging operating environment.
- Singapore, the largest international market for Quess Corp Ltd, continues to face visa-related challenges impacting overall performance.
- The company experienced a decline in headcount in April, although there was a recovery later in the quarter.
- Despite a strong performance in Professional Staffing, the sustainability of growth and margin expansion remains a concern.
- Interest costs remain high despite the company exiting the quarter with zero gross debt, due to higher average debt during the month.
Ladies and gentlemen, good day and welcome to the Quess Corp Limited Q1 FY26 earnings conference call hosted by IIFL Capital Service Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Siddharth Zabak from IIFL Capital Service Limited. Thank you and over to you.
Ladies and gentlemen, good morning, and thank you for joining us on the post Q1 FY26 results conference call for Quess Corp Limited.
It is 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, CEO; Mr. Sushanth Pai, CFO; Mr. Kushal Maheshwari, Head, Investor Relations and Strategic Finance; Mr. Lohit Bhatia, President, India Global Operations; Mr. Kapil Joshi, CEO of Quess IT Staffing and Quess Search & Recruitment. We will begin the call with opening remarks by the management team and thereafter.
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