Quess Corp, India’s leading business services provider, announced its Q2 FY25 results, showing steady revenue growth but a decline in profit compared to the previous quarter. The company reported revenue of ₹5,179 crore for the quarter, reflecting a 4% increase from ₹5,003 crore in Q1 FY25. EBITDA for Q2 FY25 stood at ₹196 crore, marking a 4% growth from the previous quarter’s ₹188 crore.
Despite the revenue growth, profit after tax (PAT) decreased by 16% quarter-on-quarter to ₹94 crore, down from ₹112 crore in Q1 FY25. The decline in PAT comes as the company continues to focus on strategic investments across its business segments.
The company’s Workforce Management segment recorded a 3% QoQ revenue growth to ₹3,747 crore, while the Operating Asset Management segment grew by 5% to ₹768 crore. Global Technology Services also saw a slight revenue uptick, increasing by 2% to ₹625 crore.
Quess Corp highlighted that it crossed the 600,000-employee milestone during Q2, with additions primarily in the retail and logistics sectors. The company is actively investing in platform-based capabilities to drive long-term growth.
Guruprasad Srinivasan, ED & Group CEO of Quess Corp, stated, “We are pleased to report a solid quarter with quarterly revenue of ₹5,179 crore and an uptick in EBITDA margin. During the quarter, Quess became a 600,000+ headcount strong organization. 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.”
