Quess Corp shares surged 7.99% to Rs 228.53 on Tuesday, with an intraday high of Rs 229.82, after India’s largest staffing company reported a strong FY26 performance with EBITDA growing 19% year-on-year and announced a total dividend of Rs 6 per share — the highest payout in the company’s listed history, declared to commemorate the 10th anniversary of its IPO.
The FY26 numbers
Total revenue for FY26 stood at Rs 15,305 crore, up 2% year-on-year — modest topline growth but significantly outpaced by margin expansion. EBITDA rose 19% to Rs 312 crore, reflecting disciplined cost management and a favourable business mix shift. Adjusted PAT grew 10% to Rs 230 crore with a return on equity of 20%. The EBITDA to operating cash flow conversion ratio was maintained at 80% — a metric that underlines the quality of the earnings.
Where the growth came from
Professional Staffing was the standout performer, delivering 43% year-on-year EBITDA growth with record margins of approximately 12%, fuelled by consistent hiring momentum in Global Capability Centres — a segment that has emerged as one of the strongest demand pockets in India’s staffing market as multinational companies expand their GCC footprints.
General Staffing added 26,000 headcount and secured 281 new contracts during the year, with the construction vertical contributing a strong 8.3% margin. The overseas business was equally impressive — the Middle East posted 27% revenue growth and 40% EBITDA growth, while Malaysia and the Philippines delivered 83% and 49% revenue growth respectively, demonstrating the strength of Quess Corp’s international expansion strategy.
The Rs 6 dividend — and what it signals
The board declared a special interim dividend of Rs 3 per share to mark the 10th IPO anniversary and recommended a final dividend of Rs 3 per share — taking the total payout to Rs 6 per share. At the current share price of Rs 228.53, that translates to a dividend yield of 3.54% — one of the highest among mid-cap service companies listed in India. The special dividend signals management confidence in the balance sheet and cash generation, and is a deliberate statement about the business maturity Quess has achieved a decade after listing.
At Rs 228.53, the shares remain significantly below their 52-week high of Rs 379.05 — but the combination of accelerating EBITDA growth, 20% ROE, strong overseas momentum and a generous dividend makes Tuesday’s 8% move look like the beginning of a re-rating rather than a one-day event.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making investment decisions.