Quess Corp Limited — Earnings Release 2022

Feb 10, 2022

QUESS WINNING TOGETHER

February 10, 2022

To,

BSE Limited,

pt Floor, New Trading Ring, Rotunda Building, PJ Towers, Dalal Street, Mumbai - 400 001 Security Code - 539978

To, National Stock Exchange of India Limited

Exchange Plaza, Bandra- Kurla Complex, Bandra (East), Mumbai - 400 001

NSE Symbol - QUESS

Dear Sir/Madam,

Sub: Press Release

We are enclosing herewith copy of Press Release dated February 10, 2022 titled "Quess posts highest ever Revenue, EBITD A and PBT".

Kindly take the above information on records and oblige.

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----- Start of picture text ----- Yours sincerely,For Quess Corp Limited [(:y] . (•:·ICompany Secretary & Compliance Officer----- End of picture text -----

Encl. a/a

Quess Corp Limited

Quess House, 3[/] 3[/] 2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India Tel: +91 80 6105 6001 I connect@quesscorp.com I CIN No.L74140KA2007PLC043909

www.quesscorp.com

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

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Quess posts highest ever Revenue, EBITDA and PBT

10[th] February 2022 Bangalore- 560103

Quess Corp, India’s leading business services provider announced its financial results for the third quarter FY’22, today.

Financial Highlights

• Revenue up 31% YoY driven by General Staffing (up 34%), IT Staffing (up 52%), and IFM (up 30%)

• EBITDA from operations up 19% YoY to ₹ 179cr

• PAT up 94% YoY to ₹ 89cr with operating leverage enabling the non-linear growth

• Q3’22 OCF / Operating EBITDA conversion at 67%. 9M FY22 conversion is at 80%.

• Net debt increased to ₹ 108cr in Q3‘22 against ₹ 68cr in Q2’22, in line with revenue

The key consolidated financial parameters are:

Particulars(in ₹ cr)	Q3 FY22	Q3 FY21	Q2 FY22	YoY	QoQ
Revenue from operations	3,685	2,808	3,228	31%	14%
Reported EBITDA	179	151	112	19%	60%
Reported EBITDA Margin	4.87%	5.37%	3.48%	-50 bps	139 bps
Profit before tax	114	80	60	42%	91%
PBT Margin	3.09%	2.85%	1.85%	24 bps	124 bps
Profit after tax	89	46	41	94%	115%
PAT margin	2.40%	1.62%	1.28%	78 bps	112 bps

Business highlights

 Workforce Management:

• General Staffing headcount crossed >270k. New customers accounted for ~50% incremental HC. Revenue up 34% YoY and 15% QoQ

• IT Staffing domestic headcount up by 7% QoQ. EBITDA up 53% YoY and 21% QoQ.

 Global Technology Solutions:

• CLM: Revenue up 26% YoY and 11% QoQ. Non-voice CLM grew by 57% YoY. New logo addition continue to be high with 24 logos added during the quarter

• Non-CLM BPO: Collection business revenue up 13% YoY. F&A business revenue up 17% YoY

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• Platform based services (InsurTech in US and HRO in India): HRO platform payslips processed per quarter up 27% YoY

• US Insurtech revenues up 10% QoQ on the back of strengthened GTM

• IT Services: Domestic IT Services up 70% YoY and 19% QoQ, largely driven by wins in Infrastructure Management Services business

 Operating Asset Management:

• IFM: Revenue up 30% YoY, with 22 client wins in the quarter.

• Terrier Security: Revenue up 19% on QoQ

• Industrial business: Revenue up 15% on QoQ

• Emerging Business:

  • Monster.com raised INR 137.5 Cr investments, led by Volrado Venture Partners; Meridian Investments and Quess Corp. # of Active jobs on the platform grew 122% YoY.

  • Qjobs platform crossed 2 million+ candidates and 1 million+ active job openings at end of Q3 FY22

Commenting on the results, ED & Group CEO Mr. Guruprasad Srinivasan said, “We are delighted to report our highest ever Revenue, EBIDTA & PBT. Q3 saw continued opening of economy, providing tailwinds to our business. We continue to build upon the growth achieved in previous quarters. While our WFM & GTS platforms continue to outperform, our focus on tech assets have been as resolute as ever. We have successfully raised investments in Monster.com validating the progress made in our digital assets.

Being one of the largest domestic private sector employers, we take great pride in being employer of choice for our employees. We have been re-affirmed as Great Place to Work for 3[rd] year in a row. We will continue to stay focused on growth, accelerate technology led delivery, operational efficiencies, and stay optimistic about the times to come as we continue to focus on our goal of hitting and sustaining 20% ROE”.

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About Quess Corp

Established in Bengaluru in 2007, Quess Corp Limited (BSE: 539978, NSE: QUESS) is India’s leading business services provider - that leverages 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 ~422,000 employees, serving ~3000 clients across India, North America, APAC and the Middle East as on Dec 31, 2021.

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

For more information, please contact:

Investor / Analyst contact: Media Contact: Ravi Vishwanath Rekha Sahay Ghosh Chief Financial Officer Head – Marketing & Communications  investor@quesscorp.com rekha.sahay@quesscorp.com  +91 80 6888 1089

Girish Kumar Sharma

DGM Investor Relations  girish.sharma@quesscorp.com  +91 99372 98879

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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