Quess Corp Reports 9% Revenue Growth in Q1, EPS Soars by 116%

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Posted by pallavi on 2024-11-29 17:54:03 |

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Quess Corp Reports 9% Revenue Growth in Q1, EPS Soars by 116%

Quess Corp reported a strong performance for Q1, with revenue growing 9% to Rs 5,003 crore. The company's Earnings Per Share (EPS) surged by 116% year-on-year, reflecting its impressive profitability. Profit After Tax (PAT) also showed substantial growth, rising by 132% year-on-year to Rs 112 crore, while quarter-on-quarter, PAT increased by 14%.

The company's headcount grew by 14% year-on-year, reaching over 597,000 employees. This expansion highlights Quess Corp's continued operational strength, particularly in its Workforce Management division, which added 27,000 associates and secured 91 new contracts with an Annual Contract Value (ACV) of Rs 514 crore.

The Global Technology Solutions segment also demonstrated notable progress, adding 42 new clients with an ACV of Rs 83 crore. The Customer Lifecycle Management (CLM) revenue grew 20% year-on-year and 7% quarter-on-quarter, benefiting from a stronger international mix. The Operating Asset Management division secured 27 new clients with an ACV of Rs 69 crore, although its EBITDA margin decreased slightly by 64 basis points, attributed to seasonal fluctuations in high-margin sectors like Food and Beverage and Telecom Infrastructure.

Guruprasad Srinivasan, Executive Director and Group CEO of Quess Corp, expressed confidence in the company's operational efficiencies and noted that the government's focus on jobs would create a favorable environment for Quess to continue leveraging growth opportunities.

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