The earnings before interest, taxes depreciation and amortisation (EBITDA) stood at Rs 197 crore, marking a 6% YoY and 1% sequential increase, while profit after tax (PAT) rose 34% YoY to Rs 85 crore and a 9% sequential drop. The board approved an interim dividend of Rs 4 per share.
Quess executive director and Group CEO Guruprasad Srinivasan, in a statement said, his company had reported a consistent double-digit revenue growth with a healthy earnings profile, along with gross debt reduction to Rs 224 crore.
The workforce management segment crossed 500,000 in headcount delivering robust revenue growth, driven by demand in retail and telecom, and strong hiring trends in GCCs, he said. “Global Technology Solutions continued its strong momentum, benefiting from increased contributions from international markets, while operating asset management saw solid topline growth, particularly in the telecom and industrial sectors. On the 3-way demerger, we are on track for and currently awaiting NCLT approval.”
The workforce management platform posted 18% YoY revenue growth, adding 124 new contracts with an annual contract value of Rs 150 crore plus, boosted by the festive season, Srinivasan said.
In global technology solutions, EXM (employee experience management) payroll processed 4.4 million payslips the past quarter, reflecting a 2% sequential increase, while Alldigi’s international business mix grew from 57% in the December quarter to 64%.Operating asset management posted a 15% YoY revenue growth, driven by 30% growth in industrial O&M and telecom. The Company, the CEO said, acquired Archer Integrated Services to strengthen its presence in the industrial F&B segment.Meanwhile, the product-led business faced a 28% sequential revenue decline, impacted by a weak hiring season and IT/ITeS sector headwinds. In response, the business is pivoting towards a strategic focus on job quality and organic job postings to drive sustainable growth, the company said.
