Staffing and workforce solutions provider Quess Corp has achieved a significant financial turnaround, posting a consolidated profit of ₹64.34 crore during the March quarter. According to reports from The Economic Times, this represents a dramatic improvement from the loss of ₹95.44 crore recorded in the same period last year. The company's recovery was driven by strong operational performance and the absence of one-time exceptional items that had impacted the previous year's results.
Revenue from operations demonstrated steady growth, increasing 6.45% to ₹3,892.45 crore during the quarter under review compared with ₹3,656.42 crore in the corresponding period last year. As reported by The Economic Times, the company's EBITDA reached ₹312 crore, up 19% year-on-year, while PAT grew by 10% YoY to ₹230 crore. The latest quarterly results show net profit of ₹64 crore, up 3% quarter-on-quarter and 2% year-on-year, reflecting continued operational efficiency improvements. For the full financial year 2026, revenue stood at ₹15,305 crore, up 2% year-on-year. The EBITDA margin improved significantly to 2.2% from 1.9% in Q4 FY25, with an increase of 29 basis points on a year-on-year basis.
The previous year's loss was primarily attributed to one-time exceptional items totaling ₹157.8 crore, which included an expected credit loss provision for discontinued projects of ₹118.7 crore, impairment on goodwill of ₹25.9 crore, and demerger expense of ₹13.4 crore. According to the regulatory filing reported by The Economic Times, these exceptional items significantly impacted the year-ago period's financial performance.
The Board approved a special interim dividend of ₹3 per share for 10 years of IPO and a final dividend of ₹3 per share, as reported by The Economic Times. CEO Lohit Bhatia highlighted the company's global expansion success, noting that strong performances from UAE, Malaysia, and the Philippines drove the Overseas Business to close the year with 21% EBITDA growth. The company added 281 new contracts during the year, with Singapore contributing 68 contracts. Despite regulatory and global headwinds, the Staffing Solutions business added around 26,000 to its headcount during the period, though this included a headcount loss of 7,000 due to discontinued projects. The Professional Staffing business delivered a strong 43% YoY increase with a record EBITDA margin of approximately 12% on the back of sustained GCC hiring momentum.
