Quess Corp reports 9% Q2 revenue growth, workforce surpasses 600,000
BENGALURU, INDIA — Staffing and business services provider Quess Corp posted a 9% year-on-year increase in revenue for the second quarter of fiscal year 2025, reaching ₹51.79 billion (US$616 million).
The company attributed this growth to robust performance across its platforms, with the workforce management (WFM) division being a key driver.
Executive Director and Group CEO Guruprasad Srinivasan expressed satisfaction with the results, stating, “We are pleased to report a solid quarter with quarterly revenue of ₹51.79 billion and an EBITDA margin uptick of 23 basis points year-on-year, underpinned by broad-based performance across our platforms.”
Workforce expansion to over 600,000 employees
Quess Corp also celebrated the firm’s expanded manpower. Srinivasan said, “During the quarter, Quess became a 600,000+ headcount strong organization.”
The Workforce Management division led the company’s growth, adding 15,000 employees during the quarter and bringing its total headcount to 498,000. This expansion was driven by increased demand in sectors such as retail and logistics.
The IT staffing segment also performed well, supported by Global Capability Centres (GCCs), which contributed 68% of WFM’s revenue.
Srinivasan highlighted the division’s achievements: “WFM delivered healthy topline growth with headcount additions in retail and logistics verticals and increasing salience of GCCs supported IT staffing.”
Strong performance in global technology solutions
Quess Corp’s Global Technology Solutions (GTS) division also recorded strong performance, with contract lifecycle management (CLM) revenue growing by 18% year over year and 4% quarter over quarter.
The Operating Asset Management (OAM) division saw growth in its food and beverage (F&B) and telecom businesses, contributing to higher realizations.
Additionally, the Product-Led Business achieved a milestone with approximately 900,000 jobs listed on its platform, marking the highest number ever recorded.
Strategic investments and future outlook
Quess Corp continues to focus on operational efficiency and strategic investments to strengthen its platform capabilities.
“Our committed approach of financial and operational prudence has resulted in increased business efficiencies. We have also been strategically investing to strengthen platform-wise capabilities to ensure they are optimally positioned for future opportunities. We are progressing on-track towards our proposed demerger and are confident of long-term value creation for our stakeholders,” Srinivasan stated.
Srinivasan emphasized that the company is on track with its proposed demerger process, which is expected to be completed by mid-2025. This move is anticipated to unlock long-term value for stakeholders.
Despite a dip in share price — closing at ₹665.65 (US$7.92), nearly 24% below its 52-week high — the company remains optimistic about future growth opportunities across its various divisions.
