Q2 2025 Quess Corp Ltd Earnings Call Transcript
Key Points
- Quess Corp Ltd (BOM:539978) achieved a milestone by crossing a headcount of 609,000 employees, marking significant growth since FY21.
- The company reported a consolidated revenue of ₹5,179 crore for the quarter, reflecting a 9% year-on-year growth.
- EBITA grew by 16% year-on-year to ₹196 crore, with a margin expansion of 23 basis points.
- The company reduced its gross debt by ₹117 crore, achieving its lowest gross debt levels at ₹253 crore.
- Quess Corp Ltd's workforce management platform added 128 new clients, contributing to an overall annual contract value of ₹100 crore.
- The EBITA growth in the core segments like OAM and GTS was only in mid-single digits, indicating slower growth compared to the overall EBITA increase.
- The core-to-associate ratio has shown a steady deterioration, raising concerns about operational efficiency.
- The IT staffing segment faced headwinds, particularly in Singapore, due to visa restrictions affecting headcount growth.
- Margins in the operating asset management platform declined year-on-year due to investments in sales and leadership.
- The product-led business, Foundit, reported an EBITA loss of ₹15 crore in the first half, with challenges in achieving breakeven as initially planned.
Good day and welcome to Quess Corp H1 FY25 earning conference call hosted by IIFL Securities Limited.
As a reminder, all participant lines will be in listen only mode and there will be an opportunity for you to ask questions after the presentation concludes.
(Operator Instruction)
I now hand the conference over to Mr. Balaji Subramanian from IIFL Securities. Please go ahead, sir.
Ladies and gentlemen, good morning and thank you for joining us on the post Q2 FY25 results conference call for Quess Corp Limited. It's my pleasure to introduce the senior management team of questor who are here with us today to discuss the results.
We have Mr. Guruprasad Srinivasan group CEO, Mr. Kamal Pal Hoda CD group CFO, Mr. Kushal Maheshwari head Investor relations and strategic finance, Mr. Lohit Bhatia President- workforce management, Mr. Gurmeet Chahal CEO GTS,Mr. Anand Sundar Raj President OAM.
We will begin the call with opening remarks by the management team and thereafter we will open the call for a
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