India-based staffing provider Quess Corp reported revenue for the first quarter ended 30 June 2021. Revenue grew by 24% to INR 29.87 billion (USD 402.8 million) despite the impact of second wave of Covid-19 in the country.

Revenue growth during the first quarter was driven by the General Staffing, Conneqt, and Industrials segments.

Within the Workforce Management division, General Staffing revenue was up 26%. General Staffing headcount was up 15%.

IT Staffing Domestic EBITDA was up 67%. The group said the focus continues to be on ramping up delivery capabilities, leveraging technology assets in sourcing, screening, on-boarding and deploying candidates.

Within Global Technology Solutions IT Services’ domestic revenue was up 49%. CLM (Customer Lifecycle Management) which includes the Conneqt business, saw revenue grow by 38%.

Within the Operating Asset Management division, the Industrial business was up 32% while IFM revenue was up 5%.

Within Emerging Business, Monster India showing continued improvement in customer acquisition & retention metrics.

MD & Group CEO Suraj Moraje said, “Our revenue has increased 24% year on year and stayed flat quarter on quarter, despite the second Covid-19 wave during Q1. Our ongoing investments in verticalised capabilities, technology and operating improvements will continue to power our momentum as we stay firmly focused on achieving an ROE (return on equity) of 20%.”

Shares in Quess Corp last traded at INR 874.00 (USD 11.79), up 2.26% and 5.62% below its 52-week high of INR 926.00 (USD 12.49), set on 3 August 2021. The company has a market cap of INR 126.29 billion (USD 1.70 billion).