Bengaluru, India – January 29, 2025
Quess Corp Limited (NSE: QUESS, BSE: 539978) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, showcasing strong revenue growth, increased profitability, and continued workforce expansion.Key Financial Highlights (Consolidated Results, Q3 FY 2024-25 vs Q3 FY 2023-24)
- Total Revenue: ₹5,519 crore, up 14% YoY from ₹4,847 crore.
- Net Profit (PAT): ₹85.1 crore, up 33% YoY from ₹63.8 crore.
- Profit Before Tax (PBT): ₹88.5 crore, compared to ₹59.1 crore in Q3 FY24.
- EBITDA: ₹110.7 crore, up 40.0% YoY, with a margin of 15.3%.
- Earnings Per Share (EPS): ₹5.42, compared to ₹4.30 in Q3 FY24.
Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)
- Total Revenue: ₹15,725 crore, up 11% YoY from ₹14,190 crore.
- Net Profit: ₹285.2 crore, up 47% YoY from ₹193.6 crore.
- EBITDA Margin: 18.2%, up from 16.5% in 9M FY24.
Business Growth & Strategic Highlights
✔ Workforce Management Expansion- Revenue from this segment grew 17% YoY to ₹4,047 crore in Q3 FY25.
- Total workforce under Quess crosses 600,000+ employees globally.
- Revenue up 9.9% YoY to ₹646 crore in Q3 FY25.
- Increased demand for cloud computing & digital transformation services.
- Revenue increased 14% YoY to ₹800 crore.
- Higher contract wins in facility management & IT services.
- Completion of Greenpiece Landscapes India Private Ltd. merger.
- Expansion into Malaysia & Singapore markets.
- Net Debt reduced to ₹594.75 crore from ₹785 crore last year.
- Improved credit rating to ‘IND AA/Stable’.
Segmental Performance
| Segment | Q3 FY25 Revenue (₹ crore) | 9M FY25 Revenue (₹ crore) | % of Total Sales |
|---|---|---|---|
| Workforce Management | 4,047 | 11,416 | 72.2% |
| Operating Asset Management | 800 | 2,301 | 14.8% |
| Global Technology Solutions | 646 | 1,881 | 11.5% |
| Product-Led Business | 25.7 | 104 | 1.5% |
Financial Position & Future Expansion Plans
✔ Scaling IT & Workforce Solutions- Expanding digital workforce solutions in Asia-Pacific.
- Investments in AI-powered automation & HR solutions.
- Increased focus on Middle East & ASEAN markets.
- Enhancing client base in the US & Europe.
- Tight control on SG&A expenses, improving EBITDA margin.
- Automation-driven cost efficiencies.
Leadership Changes & Dividend Announcement
✔ Re-appointment of Group CEO- Mr. Guruprasad Srinivasan re-appointed as Whole-time Director & Group CEO for 3 years (effective Feb 10, 2025).
- Continued focus on workforce automation & digital transformation.
- Interim Dividend of ₹4 per share (Face Value ₹10 each).
- Payout scheduled by February 18, 2025.
Market Outlook & Future Growth Plans
✔ Expanding Digital Workforce & AI-driven HR Solutions- AI-powered recruitment & workforce analytics to drive profitability.
- Increased investments in data centers & managed IT services.
- New contract acquisitions in South Asia & Middle East.
Conclusion
Quess Corp has delivered strong revenue & profit growth in Q3 FY 2024-25, with expansion in workforce management, IT solutions, and global markets. With a robust order book, leadership transition, and improved financial health, the company is well-positioned for long-term growth in India’s HR & technology services industry.
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