{"id":142682,"date":"2023-02-03T09:19:00","date_gmt":"2023-02-03T14:19:00","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142682"},"modified":"2023-02-23T09:27:10","modified_gmt":"2023-02-23T14:27:10","slug":"quess-corp-limited-q3fy23-earnings-story","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/quess-corp-limited-q3fy23-earnings-story\/","title":{"rendered":"Quess Corp Limited Q3FY23 Earnings Story"},"content":{"rendered":"\n<p><a href=\"https:\/\/44.250.171.167\/symbol\/quess\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quess Corp<\/a> is in the business of offering IT services, operating asset management, and workforce management services.<\/p>\n\n\n\n<p>Quess is one of India&#8217;s top 3 local BPO businesses and ranks among the top 50 global staffing companies in the globe. The top supplier of facility management services in India is Quess, which is also ranked first in Singapore&#8217;s IT staffing market and first in India&#8217;s generic staffing market and Information Technology\u00a0staffing segment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p><a href=\"https:\/\/44.250.171.167\/symbol\/quess\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quess Corp Ltd.<\/a>\u2019s revenue in Q3FY23 rose 21% to \u20b9 4,466 crores. Consolidated Profit After Tax came at \u20b9 86 crores. In this quarter\u2019s\u00a0<a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/ca7fa54c-2fe8-4266-988c-0a645c0ba0c9.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">results<\/a>, the reports suggested that the fall in profits are due to the high level of expenditure.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>&#8220;Our revenue in quarter three 4% compared to previous quarter and grew 21% on Y-on-Y basis. All these segments posted a decent top line growth. Our EBITDA in Q3 was down by 19% on a Y-on-Y basis to INR145 crores. This decline is due to the following reasons. Product-led business burn of INR30 crores, which is in line with our previous guidance, increase in SG&amp;A cost by INR7 crores, contract renegotiations in IFMS business at the start of this financial year, impacting INR5 crores and investment in US Staffing business of INR3 crores. Our EBITDA in quarter three has grown up 8% on quarter-on-quarter basis, mainly due to growth in GTS and WFM segments.&#8221;<\/em><\/p><cite><strong>Kamalpal Hoda<\/strong>, <em>Chief Financial Officer<\/em><\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Quess Corp is in the business of offering IT services, operating asset management, and workforce management services. Quess is one of India&#8217;s top 3 local BPO businesses and ranks among the top 50 global staffing companies in the globe. The top supplier of facility management services in India is Quess, which is also ranked first [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":135090,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,12,6352],"tags":[10525,9017],"class_list":["post-142682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-other-industries","category-research-summary","tag-bpo","tag-staffing-and-employment-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/iStock-667252084.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143448,"url":"https:\/\/alphastreet.com\/india\/the-persistence-of-quess-corp-limited\/","url_meta":{"origin":142682,"position":0},"title":"The Persistence of Quess Corp Limited","author":"Karan_Singh","date":"March 29, 2023","format":false,"excerpt":"\u201cWe are pleased to report revenues of \u20b9 4,466 crores with a Quarter on Quarter growth of 4%. Our EBITDA grew by 8% QoQ with sales growth, operating efficiencies and SG&A cost reductions being its key drivers. GTS posted its highest ever EBITDA of \u20b9 90 crores in a challenging\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/iStock-1346186294.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":148123,"url":"https:\/\/alphastreet.com\/india\/quess-corp-ltd-q4fy23-results-out-revenue-grows-by-over-17\/","url_meta":{"origin":142682,"position":1},"title":"Quess Corp Ltd Q4FY23 results out, revenue grows by over 17%","author":"Chirag Gupta","date":"June 2, 2023","format":false,"excerpt":"Quess Corp is engaged in the business of providing services in Workforce management, Operating asset management and Tech services. Quess has team of ~384,000 employees across India, North America, South America and South-East Asia across all segments. Quess serves over 2600+ clients worldwide. It is in top 50 of Global\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":158410,"url":"https:\/\/alphastreet.com\/india\/quess-corp-ltd-q3fy24-25-fall-in-profits\/","url_meta":{"origin":142682,"position":2},"title":"Quess Corp Ltd Q3FY24; 25% fall in Profits","author":"Chirag Gupta","date":"February 5, 2024","format":false,"excerpt":"Quess Corp Limited (Quess) is India\u2019s leading business services provider, leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions. Financial Results: Quess Corp Ltd reported Revenues for Q3FY24 of \u20b94,842.00 Crores up from \u20b94,466.00 Crore year on year, a rise of 8.42%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/02\/image-30.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140066,"url":"https:\/\/alphastreet.com\/india\/quess-corp-limited-q3fy23-3-fall-in-profits\/","url_meta":{"origin":142682,"position":3},"title":"Quess Corp Limited Q3FY23; 3% Fall in Profits","author":"Karan_Singh","date":"February 3, 2023","format":false,"excerpt":"Quess Corp Ltd.\u2019s revenue in Q3FY23 rose 21% to \u20b9 4,466 crores. Consolidated Profit After Tax came at \u20b9 86 crores. In this quarter\u2019s\u00a0results, the reports suggested that the fall in profits are due to the high level of expenditure.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-QUESS.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-QUESS.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-QUESS.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-QUESS.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/Q3FY23-QUESS.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":143428,"url":"https:\/\/alphastreet.com\/india\/quess-corp-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":142682,"position":4},"title":"Quess Corp Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"March 28, 2023","format":false,"excerpt":"Key highlights from Quess Corp Ltd (QUESS) Q3 FY23 Earnings Concall Management Update: [00:02:07] QUESS said the business environment for 3Q23 was muted across all sectors with exception in BFSI, Manufacturing and FMCG and FMCD where QUESS saw some traction. [00:02:22] In 3Q23, QUESS added over 80,000 headcount on YonY\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":169481,"url":"https:\/\/alphastreet.com\/india\/quess-corp-ltd-q1fy26-earnings-results-4-rise-in-profits\/","url_meta":{"origin":142682,"position":5},"title":"Quess Corp Ltd Q1FY26 Earnings Results &#8211; 4% rise in Profits","author":"Chirag Gupta","date":"July 29, 2025","format":false,"excerpt":"Quess Corp Limited (Quess) is India\u2019s leading business services provider, leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions. Q1 FY26 Earnings Summary (Apr\u2013Jun 2025) Revenue:\u00a0\u20b93,651 crore, up 2% YoY. EBITDA:\u00a0\u20b970 crore, up 10% YoY, margin at 1.9% (up 15 bps YoY). PAT\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/07\/3-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142682"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/135090"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}