Q3 2026 Quess Corp Ltd Earnings Call Transcript
Key Points
- Quess Corp Ltd (BOM:539978) reported a revenue of INR3,930 crores for Q3 FY26, marking a 3% quarter-on-quarter growth.
- EBITDA reached INR80 crores, a 28% year-on-year increase, with margins expanding to 2.03%.
- The Professional Staffing segment achieved a 42% year-on-year growth in EBITDA, with margins reaching an all-time high of 12.5%.
- The Overseas business saw a 26% year-on-year growth in EBITDA, with margins crossing 7% for the first time.
- Quess Corp Ltd has been certified as a Great Place to Work for the 7th consecutive year, highlighting its commitment to employee satisfaction.
- The implementation of the Labour Code has created a mixed demand environment, impacting headcount and hiring strategies.
- General Staffing margins remain sensitive to business mix and seasonal factors, with current margins at 1.3%.
- The company faced a one-time exceptional cost of INR7 crores due to Labour Code provisioning.
- Revenue from Singapore was softer, although EBITDA showed sequential improvement.
- The expected credit loss allowance of INR120 crores on trade receivables from Q4 FY25 remains a concern, with collections delayed due to new RBI processes.
Ladies and gentlemen, good day, and welcome to Quess Corp Q3 FY26 earnings conference call. (Operator Instructions) I now hand the conference over to Sir. Siddharth Zabak. Thank you, and over to you, sir.
Thank you. Ladies and gentlemen, good morning, and thank you for joining us on the post Q3 FY26 and nine-month 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, Executive Director; Mr. Lohit Bhatia, CEO; Mr. Kushal Maheshwari, Head of Investor Relations and Treasury; Mr. Neeraj Jain, CFO; Mr. Kapil Joshi, CEO of Quess IT Staffing; and Mr. Nitin Dave, CEO of Quess Staffing Solutions.
We will begin the call with opening remarks by the management team, and thereafter, we will open the call for a Q&A session. I would like to now hand over the call to Mr. Kushal Maheshwari to take the proceedings forward. Thank you, and over to you,
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