Q1 2025 Quess Corp Ltd Earnings Call Transcript
Key Points
- Quess Corp Ltd (BOM:539978) achieved a revenue milestone of INR 5,003 crores, marking a 9% year-on-year growth.
- The company added over 30,000 associates in Q1 FY 2025, bringing the total headcount to 597,000.
- EBITDA grew by 19% year-on-year to INR 184 crores, driven by higher contributions from margin-accretive businesses.
- The company has been recognized as a great place to work for the fifth consecutive year, ranking 32nd.
- Quess Corp Ltd (BOM:539978) is progressing on track with its demerger plan, expected to be completed by Q1 of next year, which aims to unlock shareholder value.
- EBITDA saw a sequential dip of 6% over Q4 due to seasonal slowdowns in higher-margin businesses.
- EBITDA margins for the workforce management platform declined to 2.4% due to a business mix shift towards general staffing.
- The IT staffing sector experienced a slowdown, with only 4,000 net additions due to disruptions from general elections.
- The company's operating margins declined by 30 basis points sequentially due to seasonality and annual wage increases.
- There are challenges in implementing new government schemes for employment and skilling, which may impact the company's ability to capitalize on these opportunities immediately.
Ladies and gentlemen, good day, and welcome to the Quess Corporate Limited Q1 FY '25 Earnings Conference Call hosted by IIFL Securities Limited. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Balaji Subramanian from IIFL Securities Limited. Thank you.
And over to you, sir.
Thank you, Neha. Ladies and gentlemen, good morning, and thank you for joining us on the post results conference call for Quess Corp. It's my pleasure to introduce the senior management team of Quess, who are here with us today to discuss the results.
We have Mr. Guruprasad Srinivasan, ED and Group CEO; Mr. Kamal Pal Hoda, Group CFO; Mr. Kushal Maheshwari, Head, Investor Relations and Strategic Finance; Mr. Pinaki Kar, President, Global Technology Solutions; Mr.
Anand Sundar Raj, President, OAM; and Mr. Sekhar Garisa, President, Product-led Businesses.
We will begin the call with opening remarks by the management team, and thereafter, we
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