Group CEO Guruprasad Srinivasan said the company’s EBITDA was highest ever at ₹77 crore, up by 11% YoY and revenue of ₹3,832 crore, up by 3% YoY. The operating EBITDA margin has improved to 2%, up by 13 basis points YoY, he added.
Growth has been primarily driven by General Staffing segment, with a festive headcount addition of 21,000, taking the overall headcount to 4,83,115. The Professional Staffing business, largely led by IT staffing in the GCC segment, continues to showcase strong YoY growth in revenue, EBITDA, and operational EBITDA margin at 11%, 37%, and 236bps, respectively, the company said in a press release.
“We are experiencing tailwinds in Q3 from the new GST reforms which will help our growth journey over the next two quarters,” the statement added.
The General Staffing business added over 21,000 associates during the quarter, taking the total headcount to 4,70,000 associates. The business signed 72 new contracts in Q2. Manpower fulfilment improved significantly to 47%, up from 30% in the previous quarter.
The Professional Staffing segment maintained a healthy double-digit EBITDA margin of over 12%, delivering an EBITDA of ₹27 crore. A total of 30 new contracts were signed in H1, including 18 during Q2. Global Capability Centres (GCCs) continued to drive growth, accounting for 73% of the headcount and contributes 77% of the gross margin.The Overseas business reported an 16% year-on-year increase in headcount, reaching 5,730. The Middle East remained the key growth driver, delivering the highest EBITDA margin of 12.8% and leading the headcount with 2,100 associates.The company’s digital platform, Hamara Jobs, continued its strong growth trajectory, with profile counts rising to over 12.6 million, up from 7.8 million in the previous quarter.
Quess is expected to maintain a steady growth over the next two quarters, supported by rising staffing demand across manufacturing, retail, and logistics, following the recent GST reforms.
