Quess Corp Q2 Results: Revenue up 3%, headcount rises by 21,000

Quess Corp Q2 Results: Revenue Up 3%, Headcount Rises by 21,000

Quess Corp reported impressive Q2 results, showcasing robust growth and a significant increase in headcount.

– Revenue Growth: Increased by 3% year-on-year, reaching ₹3,832 crore.
– EBITDA Performance: Jumped 11% to ₹77 crore, marking the highest ever for the company.
– EBITDA Margins: Improved to 2%, up 13 basis points year-over-year.
– Headcount Surge: An addition of 21,000, totaling 4,83,115.
– Key Growth Segment: General Staffing led the growth, with considerable festive hiring.
– Professional Staffing: Showed strong growth in revenue and EBITDA, registering margins of 12%.
– New Contracts: 72 contracts signed in Q2; manpower fulfillment rose to 47%.
– Global Capability Centers (GCCs): Accounted for 73% of headcount and contributed 77% to gross margin.
– Digital Growth: The Hamara Jobs platform expanded its profiles from 7.8 million to over 12.6 million.

With promising tailwinds from recent GST reforms, Quess Corp is poised for continued growth in the next quarters, fostering demand across manufacturing, retail, and logistics sectors.