Financial Performance FY26 (Consolidated)

  • Revenue: ₹15,305 crore, increased 2% year-over-year from ₹14,967 crore in FY25
  • EBITDA: ₹312 crore, increased 19% year-over-year from ₹262 crore in FY25
  • EBITDA Margin: 2.0%, improved by 20 basis points from 1.8% in FY25
  • Adjusted PAT: ₹230 crore, increased 10% year-over-year from ₹210 crore in FY25 (excludes one-time items)
  • Adjusted EPS: ₹15.4, increased 9% year-over-year from ₹14.1 in FY25
  • Return on Equity: 20%
  • Total Dividend Distributed: ₹165 crore for FY26, equivalent to ₹11 per share
  • Net Cash Position: ₹271 crore with zero gross debt (gross debt fully repaid)
  • Operating Cash Flow Conversion: Approximately 80% of EBITDA converted to operating cash flow in FY26

Q1 FY27 Performance

  • Revenue: ₹4,182 crore, increased 15% year-over-year
  • EBITDA: ₹85 crore, increased 21% year-over-year
  • Adjusted PAT: ₹82 crore, increased 61% year-over-year
  • Workforce: 4,82,214 associates and employees as of Q1 FY27

Segment Performance FY26

General Staffing (The scale engine)

  • Coverage: Consumer & Retail, BFSI, Manufacturing, E-commerce & Logistics, Telecom, Public Enterprises
  • Headcount: 4,65,000+ (97% of total)
  • Revenue: ₹13,176 crore, increased 1% YoY
  • Operating Profit: ₹189 crore, decreased 3% YoY
  • Share of Operating Profit: 50%

Professional Staffing (The margin engine)

  • Coverage: 70%+ Headcount with GCCs (Global Capability Centres)
  • Headcount: 7,000+ (1.5% of total)
  • Revenue: ₹930 crore, increased 13% YoY
  • Operating Profit: ₹111 crore, increased 44% YoY
  • Share of Operating Profit: 30%

Overseas Business (The expansion engine)

  • Coverage: South-East Asia and Middle East
  • Headcount: 6,000+ (1.3% of total)
  • Revenue: ₹1,197 crore, increased 5% YoY
  • Operating Profit: ₹77 crore, increased 22% YoY
  • Share of Operating Profit: 20%

Note: Professional Staffing and Overseas segments together contributed 50% of operating profit in FY26, compared to 42% in FY25.

Market Opportunity and Context

  • India has 200 million young Indians aged 18-25, with 10 million entering labor market annually
  • 2,100+ Global Capability Centres (GCCs) in India today, with 250-300 new GCCs added each year
  • India's AI market projected to reach $17 billion by 2027, with 16% of world's AI professionals in India
  • Global talent shortage of 85 million skilled workers projected by 2030
  • New Labour Codes formalize workforce and favor large, compliant operators like Quess

Strategic Direction

From Volume to Value (3-4 Year Aspiration)

1. Deepen the core: Grow General Staffing while shifting mix to Construction, Manufacturing and Value-Added Services

2. Build talent corridors: Partner-led, capital-light expansion - Japan (signed and in execution), Europe and Nordics (advancing), Israel and North America (early stage)

3. Support GCCs end-to-end: Move from talent provider to full-lifecycle partner through OriginT

4. AI-driven productivity: Embed AI across sourcing, screening, onboarding and engagement

Revenue Mix Target: Increase high-margin, dollar-linked revenue from current 7% to 20%+ over next three to four years.

Capital Allocation Philosophy

  • Approximately 80% of free cash flow returned to shareholders over a rolling three-year block
  • Maintain net cash position with zero gross debt