Quess Corp Q2 Results: Net profit jumps 45% on staffing growth; declares ₹5 dividend

Staffing and workforce solutions provider Quess Corp Ltd on Friday reported a 44.9% year-on-year increase in net profit to ₹75 crore for the second quarter of FY27, compared with ₹52 crore in the year-ago period. Revenue rose 14.7% to ₹4,396 crore from ₹3,832 crore, while earnings before interest, tax, depreciation and amortisation increased 11.6% to ₹86 crore from ₹77 crore.
EBITDA margin remained flat at 2%. The company declared an interim dividend of ₹5 per equity share, representing 50% of the face value of ₹10 per share, for FY27. November 6, 2026, has been fixed as the record date for determining shareholder eligibility.

The dividend will be paid on or before November 20, 2026. H1 FY27 PerformanceFor the first half of FY27, revenue stood at ₹8,578 crore, up 15% year-on-year. Adjusted EBITDA increased 22% to ₹178 crore, with the margin improving by 12 basis points year-on-year.
Profit after tax rose 53% to ₹157 crore, with earnings per share at ₹10.4. Return on equity expanded to 25% from 20% in FY26, based on trailing 12-month PAT. Q2 Segmental PerformanceThe General Staffing business reported revenue of ₹3,823 crore and EBITDA of ₹57 crore during the quarter.

Its headcount stood at 490,000, with more than 20,000 additions. The business added 116 new contracts during the quarter. In Professional Staffing, margins stood at around 11%. Global Capability Centres contributed 71% of both headcount and revenue, with Banking, Financial Services and Insurance and CRT emerging as the leading growth verticals.
The business added 27 new contracts. Overseas BusinessQuess Corp's overseas business added 33 new contracts and reported double-digit growth in both revenue and EBITDA. The Middle East business maintained strong margins despite flat sequential revenue growth amid the geopolitical crisis.

Singapore added eight new contracts, while Malaysia recorded 50% year-on-year revenue growth. The Philippines business reported 15% year-on-year revenue growth, with a net margin of 10.5%. Lohit Bhatia, ED and Group CEO, said, "We are pleased to report a good result for Q2, with revenue growing by 15% YoY to ₹4,396 crore and adj.
EBITDA rising by 20% YoY to ₹92 crore. Our PAT and EPS grew 44% YoY, reaching ₹75 crore and ₹5, respectively, while delivering a ROE of 25%. This quarter’s performance was marked by a significant milestone as our headcount crossed 500k, driven largely by headcount additions of over 20k in our General Staffing business.

The segment delivered robust performance, adding 116 new client logos and achieving 15% YoY revenue growth and 23% YoY EBITDA growth, positioning us strongly for the quarters ahead. Professional Staffing recorded 13% YoY revenue growth, supported by sustained hiring demand from Global Capability Centres .
Despite geopolitical challenges in the Middle East, our Overseas Business maintained momentum, delivering 10% YoY revenue growth and 23% YoY EBITDA growth. This performance was driven by higher margins in the Middle East, while Malaysia, Singapore, and the Philippines contributed to revenue growth.

On the people front, Quess was recognised among the Best Workplaces in the Middle East 2026, ranking 40th overall and 32nd among the Best Workplaces for Women in the Middle East, reinforcing our commitment to building an inclusive and empowering workplace."ALSO READ | Quess Corp Q1 Results | Net profit rises 4% to ₹51 crore; secures 79 new dealsShares of Quess Corp Ltd ended at ₹306.95, down by ₹17.50, or 5.39%, on the BSE.