Quess Corp Limited — Earnings Release 2022

Aug 5, 2021

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August 5, 2021

The General Manager

The General Manager The Manager Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Floor 25, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra-Kurla Complex, Dalal Street, Bandra (East), Mumbai-400001 Mumbai-400051 Security Code- 539978 NSE Symbol- QUESS

Dear Sir / Madam,

Sub: Press Release

We are enclosing herewith copy of Press Release dated August 5, 2021 titled “Resilience . and sustained cash generation”

Kindly take the same on record.

Thanking You,

Yours sincerely,

For Quess Corp Limited

Kundan K Lal Company Secretary & Compliance Officer

Encl. a/a

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05[th] August, 2021

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BSE: 539978 I NSE: QUESS I ISIN: INE615P01015 I CIN: L74140KA2007PLC043909 I WWW.QUESSCORP.COM

Resilience and sustained cash generation

Bengaluru, India. 05[th] August 2021. Quess Corp, India’s leading business services provider announced its financial results for the first quarter FY’22 today.

Financial Highlights

• Revenue up 24% YoY driven by General Staffing (26%), Conneqt (36%), and Industrials (32%)

• EBITDA up 13% YoY, PAT up 22% YoY

• Robust OCF / Operating EBITDA conversion, at 75% in line with management’s long term target

The key consolidated financial parameters are:

Particulars(in ₹ cr)	Q1 FY22	Q1 FY21	Q4 FY21	YoY	QoQ
Revenue from operations	2,987	2,409	3,005	24%	-0.6%
EBITDA	147	130	38	13%	288%
EBITDA margin	4.92%	5.38%	1.26%	-46 bps	366 bps
Profit before tax	80	54	-31	48%	356%
PBT Margin	2.69%	2.25%	-1.04%	44 bps	373 bps
Profit after tax	45	36	-58	22%	177%
PAT margin	1.49%	1.51%	-1.94%	-2 bps	343 bps

Other highlights

 Workforce Management:

• General Staffing headcount up 15% YoY and 1% QoQ. Revenue up 26% YoY. Core to Associate ratio at historical high of 350

• IT Staffing Domestic EBITDA up 67% YoY. Focus continues to be on ramping up delivery capabilities, leveraging technology assets in sourcing, screening, on-boarding and deploying candidates

• Global Technology Solutions:

• Platform based services: HRO platform payslips processed up 31% YoY to 2.8mn. Integrated Insuretech revenue in the US up 6% QoQ

• CLM: Revenue up 38% YoY and 5% QoQ

• IT Services: Domestic Revenue up 49% YoY and 7% QoQ

• Operating Asset Management:

• IFM: Revenue up 5% YoY. Increased spend on hygiene saw pest & disinfection revenue up 68% YoY.

• Industrial business: Revenue up 32% YoY

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• Emerging Business: Monster India showing continued improvement in customer acquisition & retention metrics. Qjobs continues to grow by steadily adding 213K new jobs, up 46% QoQ

Commenting on the results, MD & Group CEO Mr. Suraj Moraje said, “ Our revenue has increased 24% YoY and stayed flat QoQ, despite the second COVID 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 of 20%.“

About Quess Corp

Established in Bengaluru in 2007, Quess Corp Limited (BSE: 539978, NSE: QUESS) is India’s leading business services provider - leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions.

Quess provides a host of technology enabled staffing and managed outsourcing services across processes such as sales & marketing, customer care, after sales service, back office operations, manufacturing, facilities and security management, HR & F&A operations, IT & mobility services etc. Quess has a team of ~369,000 employees, serving ~3,000 clients across India, North America, APAC and the Middle East as on 31st July 2021.

For further details on Quess Corp Ltd., please visit: http://www.quesscorp.com

For more information, please contact:

Investor / Analyst contact:

Ravi Vishwanath

Media Contact:

Rekha Sahay Ghosh

Chief Financial Officer Head – Marketing & Communications  ravi.vishwanath@quesscorp.com  rekha.sahay@quesscorp.com  +91 80 61056208  +91 80 61056019

Disclaimer: This document contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ''expects", "plans", 'will", "estimates", "projects", or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions, which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements

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