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Quess Corp Q3 revenue climbs 13.9%, profits on the rise

Quess Corp Q3 revenue climbs 13.9%, profits on the rise

Danny Romero
| January 30, 2025
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Quess Corp. Ltd. (QUESS: NSI), the India-based provider of staffing and managed outsourcing services, on 30 January reported revenue from operations increased by 13.9% year-over-year in its fiscal third quarter ended 31 December. Revenue from operations was INR 55.28 billion (USD 583.1 million).

Quess Corp Q3

(INR millions)

Q3 2025

Q3 2024

Change

Q3 2025 (USD millions)

Revenue

55,190

48,418

13.9%

583.1

Other income

88

52

70.1%

0.6

Total income

55,279

48,470

14.0%

583.7

EBITDA

1,970

1,860

5.9%

21.8

Profit before tax

885

591

49.8%

7.1

Profit for the period

851

636

33.7%

7.6

Revenue by segment

(INR millions)

Q3 2025

Q3 2024

Change

Q3 2025 (USD millions)

Workforce Management

40,467

34,301

18.0%

413.1

Operating Asset Management

8,003

6,949

15.1%

83.7

Global Technology Solutions

6,463

5,880

9.9%

70.8

Product Led Business

257

1,286

-80.0%

15.4

“Our Workforce Management platform achieved a significant milestone of surpassing 500k headcount delivering robust revenue growth, driven by demand in retail and telecom, and strong hiring trends in GCCs (global capability centres),” Executive & group CEO Guruprasad Srinivasan said in a press release. “Global Technology Solutions continued its strong momentum, benefiting from increased contributions from international markets, while Operating Asset Management saw solid topline growth, particularly in telecom and industrial sectors. On the three-way demerger, we are on track for and currently awaiting NCLT approval (National Company Law Tribunal).”

Revenue declined in the product led business on a quarterly basis amid a weak hiring season and headwinds in the IT/ITeS (IT-enabled services) and on a year-on-year basis. The group said there will be a strategic shift towards job quality and organic job postings.

In December, Quess Corp announced it acquired the food catering and facility management services business of Archer Integrated Services Private Limited and Astrin Traders and Supplies. Quess Corp stated that the acquisition will allow its Operating Asset Management (OAM) business to expand its food business geographically within the manufacturing sector.

“Our year-to-date performance reflects a non-linear profitable growth trajectory, highlighted by double-digit growth in both revenue and EBITDA,” Srinivasan said.

Quess Corp shares closed on 30 January at INR 585.80, down 1.25% on the day and 27.49% above the 52-week low of INR 459.50 set on 13 February 2024. The company has a market cap of INR 87.99 billion.

Tags: India, staffing, earnings, revenue