Quess Corp Limited announced the transcript of the Earnings Call for Q4 FY25, held on May 20, 2025.
The company successfully completed a 3-way demerger, leading to sharper focus and strategic transformation.
Quess Corp is now a net cash company with ₹255 crore as of March 31, 2025, and gross debt of ₹12 crore; DSO days improved by 7 days to 37.
The Board has recommended a final dividend of ₹6 per share, bringing the total dividend for the year to ₹10 per share; expects to return up to 75% of free cash flow to shareholders over the next 3 years through dividends or buybacks.
The company will exit certain non-core projects, impacting reported PAT numbers, but with no cash outflow or impact on operational liquidity.
In Q4 FY25, Quess reported revenue of ₹3,656 crore and EBITDA of ₹67 crore; EBITDA margins were flattish at 1.8%; PAT stood at negative ₹95 crore, but adjusted PAT was ₹63 crore.
For the full year, revenue was ₹14,967 crore (up 9% year-on-year), EBITDA of ₹262 crore (up 12% year-on-year), and PAT of ₹46 crore; adjusted PAT was ₹210 crore (up 52% year-on-year).
General Staffing revenue for the full year stood at ₹12,995 crore (up 11% year-on-year); added 80 new contracts during the quarter with an ACV of ₹153 crore.
Professional Staffing revenue for the full year stood at ₹825 crore (up 11% year-on-year); GCC contributed to 70% of revenue for the quarter; building GCC-as-a-service with a pilot getting commissioned.
Overseas business revenue for the full year stood at ₹1,142 crore (down 5% year-on-year); Middle East emerged as a standout performer.
Quess has joined the World Employment Confederation as a regional corporate member.
CFO commented that the exceptional items have no bearing on the revenue growth for next year, and the company is aiming for double-digit revenue growth with profitability accelerating higher than that.
CEO commented that the company is focused on growth, execution, and operational efficiency and is spearheading a transformative initiative that leverages AI and automation to accelerate job fulfillment and boost sourcing productivity. By the exit of this year, company should be somewhere over 2% margin.