{"id":143448,"date":"2023-03-29T08:37:37","date_gmt":"2023-03-29T12:37:37","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143448"},"modified":"2023-03-29T08:37:38","modified_gmt":"2023-03-29T12:37:38","slug":"the-persistence-of-quess-corp-limited","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/the-persistence-of-quess-corp-limited\/","title":{"rendered":"The Persistence of Quess Corp Limited"},"content":{"rendered":"\n

\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 environment, once again substantiating the strength of its all-weather business model. We are making good progress with our internal plans of cost reduction and the overall growth of our profitability.\u201d<\/em><\/p>– Mr. Guruprasad Srinivasan, ED & Group CEO<\/em><\/cite><\/blockquote>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>QUESS<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>BPO<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>+1.62%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>-13.9%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>-45.87%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 29.03.2023<\/p>\n\n\n\n

Company Description:<\/strong><\/h2>\n\n\n\n

Quess Corp is an Indian multinational company that provides workforce management solutions and technology services. Quess Corp has a global presence, with operations in several regions, including India, North America, South America, Asia-Pacific, and the Middle East. The company offers a range of services, including staffing, technology solutions, facilities management, and industrial asset management.<\/p>\n\n\n\n

The staffing and recruitment industry in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 11% between 2021 and 2026. The industry is driven by the growing demand for flexible workforce solutions and the increasing use of technology to streamline recruitment processes. Quess Corp is well-positioned to benefit from this growth, given its expertise in providing flexible staffing solutions and its strong technology capabilities.<\/p>\n\n\n\n

Quess Corp operates through several business segments, including staffing, technology solutions, facilities management, and industrial asset management. The workforce management segment is the largest contributor to the company’s revenue, accounting for 68% of total revenue in Q3FY23. The technology solutions segment is the fastest-growing segment, with revenue growing at a Compound Annual Growth Rate (CAGR) of 36% between FY2016 and FY2020.<\/p>\n\n\n\n


Key Strengths:<\/strong><\/h2>\n\n\n\n

Quess Corp has several strengths that have contributed to its success in the workforce management solutions and technology services industry. Some of its key strengths are:<\/p>\n\n\n\n