Earnings Call/Transcript
Quess Corp Q2 FY27 Meeting Recording
Quess Corp uploaded the recording of its Q2 FY27 Analyst and Investor Meeting held on November 2, 2026.
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Commercial Services & Supplies
Diversified Commercial Services
4,754 Cr
Low Risk
17.2
19.9
1.9
4.0
386.35
166.05
Sales CAGR
Profit CAGR
ROE
ROCE
Quess Corp Ltd (QUESS) is currently trading at 319.00 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Quess Corp is a technology-enabled staffing and workforce solutions company that helps enterprises hire, manage, and scale talent across general staffing, professional staffing, overseas markets, recruitment, GCC services, and digital workforce platforms. It operates across eight countries, serves more than 2,300 clients, and supports approximately 504,000 employees and associates. Quess Corp delivered Q2 FY27 revenue of ₹4,396 crore, up 15% year over year, while adjusted EBITDA increased 20% to ₹92 crore. Profitability improved despite the inherently low-margin staffing model, with H1 adjusted EBITDA rising 22% and PAT increasing 53%, although quarterly PAT declined sequentially after a tax-refund benefit in Q1. General Staffing remains the scale engine, contributing 86% of H1 revenue and 53% of segment operating margin, while higher-margin professional staffing and overseas operations together contribute 48% of total profitability. This mix demonstrates that Quess Corp is using its large staffing base to support a more profitable portfolio of specialized services. The new Labour Code created a one-time ₹120 crore revenue uplift in Q2 and ₹298 crore in H1, making reported growth partly non-recurring. Nevertheless, underlying operating momentum remained substantial, with 116 general-staffing contracts, 20,857 associate additions, record sourcing of 57,000 candidates, and cash collection exceeding ₹4,300 crore during the quarter. Quess Corp’s strategic direction is now concentrated on becoming a global staffing leader after the FY25 three-way demerger. The company has a strong balance sheet with ₹471 crore of net cash, a 26% share of India’s flexi-workforce market according to its presentation, and an aspiration to become the largest global staffing player by 2030.
Over the past 52 weeks, Quess Corp Ltd has traded between a low of ₹166.05 and a high of ₹386.35. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Quess Corp Ltd has a market capitalization of approximately 4,754.21. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Quess Corp Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 17.21 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 4,754.21 Cr, Quess Corp Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Quess Corp Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Quess Corp Ltd is 17.21. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
General Staffing reported a closing headcount of 486,000 associates in Q2 FY27. This compared with 466,000 in Q1 FY27 and 468,000 in Q2 FY26, while the segment reported 20,857 associate additions during the quarter.
Quess Corp said Middle East revenue was flat because of geopolitical issues. Overall overseas revenue declined 4% sequentially to Rs 318 crore from Rs 333 crore in Q1 FY27, although it remained 10% above Q2 FY26.
Quess Professional Staffing received 71% of Q2 FY27 revenue from global capability centres. The share was 68% in Q1 FY27 and 69% in Q2 FY26. GCCs also accounted for 71% of Q2 FY27 headcount.
Quess reported a Rs 238 crore net increase in cash flows in H1 FY27, compared with a Rs 6 crore outflow in H1 FY26. Net operating cash flows were Rs 366 crore and net investing cash flows were a Rs 34 crore inflow, exceeding Rs 162 crore of financing outflows.
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Earnings Call/Transcript
Quess Corp uploaded the recording of its Q2 FY27 Analyst and Investor Meeting held on November 2, 2026.
Regulatory/Compliance Filing
Quess Corp disclosed newspaper publication of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Investor Presentation
Quess Corp released its investor presentation for Q2 and H1 FY27, reporting 15% YoY revenue growth, 12% EBITDA growth and board approval of an interim dividend of ₹5 per share.
Financial Results
Quess Corp reported Q2 FY27 revenue of ₹4,396 crore, up 15% YoY, PAT of ₹75 crore, up 44% YoY, and announced an interim dividend of ₹5 per share.
Financial Results
Quess Corp approved unaudited results for the quarter and half-year ended September 30, 2026, and declared an interim dividend of ₹5 per share, payable by November 20, 2026.

