Quess Corp Q2 Net Profit Jumps 44% to ₹75 Crore on Strong Staffing Demand and Declares ₹5 Dividend
India's largest staffing and workforce management solutions provider, Quess Corp Limited, posted a strong financial performance for the second quarter of FY27 (Q2 FY27) ended September 30, 2026, driven by broad-based expansion across domestic and international operations.
Consolidated profit after tax (PAT) jumped 44.21% year-on-year to ₹74.66 crore compared to ₹51.77 crore reported in the corresponding period of the previous fiscal year. Revenue from operations increased by 14.74% to ₹4,396.48 crore against ₹3,831.60 crore in the year-ago period.
Alongside the earnings release, the company's Board of Directors approved an interim dividend of ₹5 per equity share (50% on a face value of ₹10 each) for FY27, payable to eligible shareholders on or before November 20, 2026.
Operational and Financial Highlights
- Revenue Growth: Revenue from operations advanced nearly 15% year-on-year to ₹4,396.48 crore, led primarily by high-volume client additions in the domestic market.
- EBITDA Expansion: Adjusted EBITDA (excluding ₹6 crore of non-cash employee stock option scheme expenses) rose 20% year-on-year to ₹92 crore. Reported EBITDA grew 11.6% to ₹86 crore from ₹77 crore in Q2 FY26.
- Earnings Per Share: Basic earnings per share (EPS) advanced to ₹5.05 from ₹3.46 a year earlier.
- Cash and Balance Sheet: The company reported quarterly collections exceeding ₹5,000 crore, maintaining a net cash position of ₹471 crore after the distribution of its prior final dividend.
Segmental Performance
Quess Corp crossed a major operational milestone during the quarter, with its total global workforce expanding past 500,000 associates to reach 504,000 across eight countries. Net additions during the quarter stood at 21,000 associates.
The General Staffing division, which accounts for the vast majority of operations, delivered ₹3,823 crore in revenue (a 15% year-on-year increase) and segment EBITDA of ₹57 crore (up 23% year-on-year). The vertical added 116 new client contracts and onboarded more than 20,000 associates during the three-month period.
The Professional Staffing segment registered a 13% year-on-year revenue increase, powered by steady recruitment demand from Global Capability Centres (GCCs) expanding their footprint across India. Meanwhile, despite regional headwinds in parts of the Middle East, the Overseas Business maintained positive traction, recording a 10% year-on-year revenue expansion.
Management Commentary
Commenting on the results, Lohit Bhatia, Executive Director and Group CEO of Quess Corp, emphasized the company's operational scaling:
"The Board has approved an interim dividend of ₹5 per share, reaffirming our commitment to creating sustainable value for our shareholders. This quarter's performance was marked by a significant milestone as our headcount crossed 5,00,000, driven largely by headcount additions of over 20,000 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."
First Half Performance
For the first half of the financial year (H1 FY27), Quess Corp's consolidated revenue reached ₹8,578 crore, reflecting an increase of 15% compared to ₹7,483 crore in H1 FY26. Adjusted EBITDA for the half-year grew 22% to ₹178 crore, while net profit jumped 53% to ₹157 crore, driven by tighter cost controls and operating leverage across large customer accounts. Return on equity (ROE) on a trailing twelve-month basis expanded to 25%, up from 20% in the preceding fiscal year.
