Quess Corp Limited — Earnings Release 2025

Jan 29, 2025

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January 29, 2025

BSE Limited

Floor 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Security Code- 539978

National Stock Exchange of India Limited “Exchange Plaza”, Bandra-Kurla Complex, Bandra (East), Mumbai-400051 NSE Symbol- QUESS

Dear Sir / Madam,

Sub: Press Release

We are enclosing herewith copy of Press Release dated January 29, 2025 titled “Quess Corp delivers robust Q3FY25 performance Revenue up 14% YoY and PAT up 34% YoY to ₹85 crores .”

Kindly take the same on record.

Yours sincerely, For Quess Corp Limited

Digitally signed by Kundan Kundan Kumar Lal Kumar Lal Date: 2025.01.29 21:39:15 +05'30'

Kundan K Lal Company Secretary & Compliance Officer

Encl. a/a

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Q3 and 9M FY2025 Earnings Press Release

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

Quess Corp delivers robust Q3FY25 performance

Bengaluru, India, January 29[th] 2025: Quess Corp, India’s leading business services provider announced its Q3 and 9M FY25 financial results today.

Q3FY25 Highlights

• ➢ Revenue at ₹5,519 cr up by 14% YoY and 7% QoQ

• ➢ EBITDA at ₹197 cr up by 6% YoY and 1% QoQ

• ➢ PAT at ₹85 cr up by 34% YoY and down 9% QoQ

• ➢ Board has approved an interim dividend of ₹4 per share

9MFY25 Highlights

• ➢ Revenue of ₹15,702 cr up by 11% YoY

• ➢ EBITDA at ₹581 cr up by 13% YoY

• ➢ PAT at ₹290 cr up by 59% YoY

• ➢ Gross debt levels at ₹224 crs, reduced by ₹145 crs since Mar’24

Particulars(in ₹ Cr.)	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended	9 Months Ended	9 Months Ended	9 Months Ended
	Q3 FY25	Q3 FY24	YoY	Q2FY25	QoQ	9M FY25	9M FY24	YoY
Headcount	6,16,790	5,56,699	11%	6,09,214	1%	6,16,790	5,56,699	11%
Total Revenue	5,519	4,842	14%	5,179	7%	15,702	14,190	11%
Reported EBITDA	197	186	6%	196	1%	581	513	13%
Reported EBITDA%	3.6%	3.8%	(26 bps)	3.8%	(20 bps)	3.7%	3.6%	9 bps
Profit before Tax	89	59	50%	102	(13)%	309	201	54%
PBT Margin	1.6%	1.2%	38 bps	2.0%	(37 bps)	2.0%	1.4%	56 bps
PAT	85	64	34%	94	(9)%	290	182	59%
PAT Margin	1.5%	1.3%	23 bps	1.8%	_(26) bps _	1.8%	1.3%	56 bps
Diluted EPS – Rs	5.4	4.3	26%	6.1	(12)%	18.5	12.3	51%

Commenting on the performance, ED & Group CEO Mr. Guruprasad Srinivasan said,

“We are pleased to report a consistent double-digit revenue growth and a healthy earnings profile, along with gross debt reduction to ₹224 crs and a dividend of ₹4 per share. Our year-to-date performance reflects a non-linear profitable growth trajectory, highlighted by double-digit growth in both Revenue and EBITDA.

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 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 3-way demerger, we are on track for and currently awaiting NCLT approval.

We are also delighted to announce that Quess Corp has been certified as A Great Place to Work for the 6th consecutive year, reaffirming our dedication to fostering a positive and empowering workplace culture ”

W W W . Q U E S S C O R P . C O M

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Q3 and 9M FY2025 Earnings Press Release

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Q3FY25 Platform highlights

➢ Workforce Management:

• Headcount crossed 500k associates – 503k with an addition of 5k led by Telecom, Retail

• Strong sales growth with 124 new contracts and ACV of ₹150+ crs

• GCC salience in domestic IT staffing continues with focus on niche, higher margin profiles

➢ Global Technology Solutions:

• 61 new contracts with ACV ~ ₹147 crore

• Tech & Digital led the growth with 5% QoQ growth; Platform business was up 11% QoQ

• EXM Payroll processed 4.4 mn pay slips with 2% QoQ growth

➢ Operating Asset Management:

• 52 new contracts with an ACV of ₹171 cr

• 15% YoY revenue growth driven by 30%+ growth in Industrial O&M and Telecom

• Acquisition of food catering and FM business of Archer Integrated Services

➢ Product Led Business:

• Revenue declined by 29% QoQ amidst a weak hiring season and headwinds in the IT/ITeS

• Strategic shift towards job quality and organic job postings

Particulars(in ₹ Cr.)	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended	Quarter Ended	9 Months ended	9 Months ended	9 Months ended
	Q3FY25	Q3FY24	YoY	Q2FY25	QoQ	9MFY25	9MFY24	YoY
Workforce Management
Revenue	4,047	3,430	18%	3,747	8%	11,416	9,966	15%
Reported EBITDA	92	90	3%	92	0%	272	260	5%
Reported EBITDA %	2.3%	2.6%	_(34) bps _	2.4%	_(17) bps _	2.4%	2.6%	_(23) bps _
Global TechnologyServices
Revenue	646	588	10%	625	3%	1,881	1,736	8%
Reported EBITDA	111	108	3%	109	1%	327	312	5%
Reported EBITDA %	17.1%	18.3%	_(116) bps _	17.5%	_(36) bps _	17.4%	18.0%	_(58) bps _
OperatingAsset Management
Revenue	800	695	15%	768	4%	2,301	2,090	10%
Reported EBITDA	38	36	4%	37	2%	110	102	8%
Reported EBITDA %	4.7%	5.2%	_(52) bps _	4.8%	_(12) bps _	4.8%	4.9%	(11) bps
Product Led Business*
Revenue	26	36	_(29)% _	39	_(35)% _	104	108	(4)%
Reported EBITDA	(9)	(14)	37%	(8)	_(14)% _	(25)	(63)	61%
Reported EBITDA %	(33.6)%	(37.9)%	nm	(19.2)%	nm	(23.7)%	(58.4)%	nm

• *PLB revenue and EBITDA adjusted for Qdigi divestment

W W W . Q U E S S C O R P . C O M

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Q3 and 9M FY2025 Earnings Press Release

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Q3 and 9M FY2025 Earnings Conference Call

Conference Call Details: Thursday, 30[th] January at 11:00 AM IST

Diamond Pass Registration Link Universal Access Number +91 22 6280 1259 / +91 22 7115 8160

The number listed above is universally accessible from all networks and all countries.

USA: 1 866 746 2133 UK: 0 808 101 1573 Toll Free Number Singapore: 800 101 2045 Hong Kong: 800 964 448

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 managed outsourcing and technology-enabled services across processes such as sales and marketing, customer care, after-sales service, back office operations, staffing, manufacturing, facilities & security management, HR & F&A operations, IT & mobility services etc. Quess has a team of over 616,000 employees, serving 3000+ clients across India, North America, APAC and the Middle East as on Dec 31[st] , 2024.

Quess Corp announced a three-way demerger of its diversified businesses, ultimately resulting in three separate listed companies, namely Quess Corp Ltd., Digitide Solutions Ltd., and Bluspring Enterprises Ltd., post demerger.

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

For more information, please contact:

Investor / Analyst Contact: Media Contact: Kamal Pal Hoda Manish Sridhar Chief Financial Officer Head – Marketing & Communications  investor@quesscorp.com manish.sridhar@quesscorp.com

 +91 9886402798

Kushal Maheshwari

Head Investor Relations & Strategic Finance

 Kushal.maheshwari@quesscorp.com

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

W W W . Q U E S S C O R P . C O M

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