Quess Corp Q2 FY26 Net Profit Up 2% YoY to ₹52 Crore; EBITDA Rises 11% on Record Performance

Bengaluru, October 30, 2025: In its recent regulatory filing, Quess Corp Ltd (NSE: QUESS, BSE: 539978) reported the financial results for the quarter ended September 2025. The company achieved its highest-ever quarterly EBITDA of ₹77 crore during the Q2FY25, marking an 11% year-on-year (YoY) growth and a 10% sequential rise.

Despite the strong quarterly performance, the share price of Quess Corp Limited was trading lower at ₹241.55, down 3.88% or ₹9.75, as investors booked profits following the results announcement.

Quess Corp Ltd is India’s largest brand in staffing and workforce solutions. The company was started in 2007 in Bengaluru and operates in industries, including banking, retail, telecom, manufacturing, and IT. It has more than 480,000 associates in eight countries and serves over 3,300 clients. For six consecutive years, Quess has been certified as a Great Place to Work, and in 2022, it was ranked 29th on the Best Workplaces in India list. The company is listed on both NSE and BSE under the tickers QUESS and 539978, respectively.

Key Financial Highlights

During Q2 FY26, the company’s consolidated revenue grew to ₹3,832 crore, marking a 3% increase on a YoY basis. Profit after tax also increased during the quarter by 2% reaching ₹52 crore. The highest increase was seen in the EBITDA for the quarter, which increased 11% to ₹77 crore, while the margins grew 13 bps YoY.

As September 2025 marked the close of H1 FY26, the company reported strong half-yearly results with total revenue of ₹7,483 crore, EBITDA of ₹146 crore, and PAT of ₹103 crore. It also achieved an impressive EBITDA-to-cash conversion ratio of 110%. The solid performance was driven by robust growth in its General and Professional Staffing segments.

Segmentwise performance

The company saw significant expansion in its General Staffing team, which brought on 21,000 new associates this quarter. This brings their total to 470,000. The team also signed 72 new contracts, while its workforce fulfilment jumped to 47%, up from 30% last quarter. At the same time, the professional staffing reported an EBITDA of ₹27 crore, with a 12.4% margin.

Furthermore, the company’s Global Capability Centres now contribute 73% of its total headcount and have achieved a higher gross margin of 77%. In its overseas operations, headcount rose 16% year-on-year to 5,730, with the Middle East segment delivering an EBITDA margin of 12.8%. Additionally, user profiles on its digital recruitment platform, Hamara Jobs, surged to over 12.6 million, a sharp rise from 7.8 million in the previous quarter.

Management Commentary

Enthusiastic about the company’s steady growth, Guruprasad Srinivasan, Executive Director and Group CEO, said, “We are pleased to report our highest-ever EBITDA of ₹77 crore, supported by revenue growth of 3% YoY. Our operating margin improved to 2%, reflecting disciplined cost management and productivity gains. The festive season hiring in General Staffing and robust demand in Professional Staffing are key contributors.”

Strategic Outlook

For the second half of FY26, Quess Corp anticipates consistent growth, driven by strong demand in sectors such as manufacturing, retail and logistics. The company is targeting a Professional Staffing operating EBITDA margin of double digits and continues to pursue growth around its proprietary digital hiring ecosystem.

Share Market Performance

As of October 30, 2025, 12:26 pm, shares of Quess Corp Limited were trading at ₹241.55, a decline of 3.88% or 9.75 points. The shares opened in red at ₹254.00, and since had a slow session with traded volume at 3.73 lakhs and traded value of ₹9.17 crore, with the total market capitalisation of ₹3,600.40 crore.

REF: https://nsearchives.nseindia.com/corporate/Quesscorp_29102025210859_Pressrelease.pdf

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