Quess Corp Ltd Q2 FY27 PAT Rises 44% as Revenue Grows 15%

Quess Corp Ltd reported Q2 FY27 revenue of INR 4,396 crore, up 15% year-on-year, while profit after tax rose 44% to INR 75 crore, supported by broad-based growth across its three core business segments. The company also ended the quarter with net cash of INR 471 crore and approved an interim dividend of INR 5 per share.

What did Quess Corp report in Q2 FY27?

Quess Corp reported consolidated revenue of INR 4,396 crore for Q2 FY27, representing growth of 15% year-on-year and 5% quarter-on-quarter. Adjusted EBITDA, excluding non-cash employee stock option plan expense, increased 20% year-on-year to INR 92 crore. The adjusted EBITDA margin was 2.1%.

Profit after tax stood at INR 75 crore, up 44% from the comparable quarter a year earlier. Earnings per share were INR 5. The faster growth in adjusted EBITDA and PAT than revenue was a central feature of the quarterly performance disclosed during the analyst and investor meeting held on November 2, 2026.

For the first half of FY27, Quess Corp posted revenue of INR 8,578 crore, up 15% year-on-year. Adjusted EBITDA for the six-month period rose 22% to INR 178 crore, while PAT increased 53% to INR 157 crore. These figures indicate that the higher profit growth was not limited to the July-September quarter.

Which businesses contributed to Quess Corp's revenue growth?

All three of Quess Corp's core segments recorded year-on-year revenue growth in the quarter. General staffing revenue grew 15%, professional staffing increased 13%, and the overseas business rose 10%, according to the company’s earnings-call disclosures.

Management said general staffing growth included a one-time revenue impact of INR 120 crore linked to implementation of the new Labor Code. This item contributed to the segment’s reported quarterly growth and is relevant when assessing the composition of revenue expansion during the period.

The company also added 21,000 net associates during the quarter, taking its total associate base to 504,000. The increase reflects the scale of deployment activity across Quess Corp’s staffing operations. The company described demand from larger customers expanding operations and global capability centres in India as one factor supporting its business.

Professional staffing and overseas operations also contributed to the reported broad-based growth. Quess Corp did not provide segment-wise revenue values in the supplied disclosures, but the stated growth rates show that expansion was not confined to general staffing.

How strong was Quess Corp's balance sheet and cash collection?

Quess Corp ended Q2 FY27 with a net cash position of INR 471 crore after paying the final FY26 dividend in August. The net cash balance is a measure of cash after accounting for debt and was highlighted by management as part of the company’s financial position.

Cash collection crossed INR 5,000 crore in the quarter, which management described as the highest quarterly collection recorded by the company. For a workforce solutions provider, collections are important because its operating model involves substantial employee-related payments and client receivables.

The company’s board approved an interim dividend of INR 5 per share for FY27 at its October 30, 2026 meeting. The dividend decision followed the reported growth in revenue, adjusted EBITDA and PAT, although the supplied information does not state the total dividend payout or record date.

Why do the Q2 results matter for Quess Corp investors?

The Q2 results matter because Quess Corp delivered 15% revenue growth while adjusted EBITDA rose 20% and PAT grew 44%. The difference between top-line and profit growth suggests that reported profitability improved faster than revenue during the quarter, although the adjusted EBITDA margin remained 2.1%.

The INR 120 crore one-time revenue impact from the new Labor Code is also important for interpreting general staffing growth. It was included in the reported 15% year-on-year growth of that segment, so investors assessing underlying business momentum would need to distinguish this disclosed event-driven contribution from recurring revenue growth.

The associate base of 504,000 makes workforce deployment a significant operating indicator for Quess Corp. A net addition of 21,000 associates, alongside revenue growth in general staffing, professional staffing and overseas operations, points to an increase in the scale of business activity disclosed for the quarter.

The net cash position of INR 471 crore and quarterly collections above INR 5,000 crore provide context on liquidity. Quess Corp had already paid its final FY26 dividend in August and subsequently approved an INR 5-per-share interim dividend, linking its capital return decision to a balance sheet management described as strong.

What disclosures did Quess Corp make after the results?

Quess Corp held its Q2 FY27 analyst and investor meeting on November 2, 2026, hosted by IIFL Capital. The participating management team included Executive Director and Group CEO Lohit Bhatia, CFO Neeraj Jain, Head of Investor Relations Kushal Maheshwari, Quess Staffing Solutions CEO Nitin Dave and Quess IT Staffing CEO Kapil Joshi.

On the same date, Quess Corp announced that the recording of the analyst and investor meeting was available on its investor relations website. The company’s investor presentation for Q2 FY27 was published on October 30, 2026, the date on which the board also approved the interim dividend.

The disclosures place the quarter in the context of continued demand for staffing and workforce solutions, including from larger customers and global capability centres expanding in India. However, the supplied material does not provide formal forward-looking revenue, margin, capital expenditure or order-book guidance for future periods.

Conclusion

Quess Corp's Q2 FY27 performance showed revenue growth of 15% to INR 4,396 crore, with adjusted EBITDA up 20% and PAT up 44%. Growth across general staffing, professional staffing and overseas operations, together with the addition of 21,000 associates, supported the reported outcome. Net cash of INR 471 crore and collections above INR 5,000 crore added balance-sheet context to the results.

The next areas to monitor are the continuing effect of the INR 120 crore Labor Code-related revenue item, the pace of associate additions, and whether profit growth remains ahead of revenue growth. Investors can also track subsequent quarterly disclosures for further detail on segment performance, margins and demand from expanding client operations and global capability centres.