Quess Corp Ltd (Facility Management) — fundamental analysis, earnings data, and key metrics. PE: 13.0. ROE: 9.2%. This stock is not currently in the Nifty 500 momentum outperformers list.
Based on Q3 FY26 earnings • Updated Apr 18, 2026
What: Professional Staffing Margin: 12.5%
Impact: 30% of total EBITDA
“Professional Staffing now contributes approximately 30% of total operating EBITDA despite being a relatively small part of our revenues.”
What: Leadership Elevation: Lohit Bhatia as CEO
“The Board has elevated Lohit Bhatia to the role of Chief Executive Officer effective 1st of January 2026.”
What: Open Mandates: 37,000+
“The open mandate remained healthy at over 37,000 as we began the fourth quarter, giving us confidence of a pickup in demand.”
What: EBITDA Margin at 2.03%
“EBITDA margins expanded to 2.03%, improving by 47 basis points year-on-year, reflecting operating leverage, higher contribution from our higher margin businesses.”
What: 1.8% → 2.0%
“However, we had guided the market exit of this year, we should be around 2%. We are happy to see that we have been at least a quarter early.”
Earnings deceleration risks from management commentary
Trigger: Clients took stock of wage code impacts before adding new capacities.
Impact: PAT impact: ₹7 Cr
Management view: Conducted 830+ client consultations to model and factor impacts into purchase orders.
Monitor: labor
Trigger: Historical regulatory disputes.
Management view: Monitoring legal proceedings; no material updates this quarter.
Monitor: litigation
Key quotes from recent conference calls
“we should be able to do a net addition of around 10,000 to 15,000 in the coming 2 quarters. [Previous Headcount Addition guidance]”
“Underpinning all of this is our continued investment in AI-led transformation across hiring, collections, back-end operations. [Initiative: AI-led Transformation]”
“GCCs now account for 72% of the total Professional Staffing headcount, reflecting our strategic positioning in higher-value digital, technology and consulting roles. [Initiative: Professional Staffing GCC Focus]”
“Q3 reflects the strength of our diversified portfolio... despite a mixed demand environment across sectors due to Labour Code implementation. [Risk (labor): MEDIUM]”
Headline numbers from the latest earnings call
Revenue
₹3,930 Cr
Why: Growth was driven by steady execution across diversified portfolios despite a mixed demand environment and Labour Code implementation.
Revenue growth remained positive sequentially despite seasonal softness in specific verticals like BFSI.
EBITDA
₹80 Cr
Why: Margin expansion was driven by operating leverage, higher contribution from high-margin businesses, and tighter cost controls.
The company achieved a new quarterly milestone for EBITDA, crossing the 2% margin mark.
PAT
₹62 Cr
Why: PAT growth was driven by improved operational profitability, though impacted by a one-time ₹7 crore exceptional item for Labour Code provisioning.
Adjusted PAT excludes the impact of the new Labour Code provisioning to reflect core performance.
Other Highlights
• Operating cash flow conversion remained strong at 92% of EBITDA.
• Headcount stood at 4,83,503 associates, remaining broadly flat sequentially.
• Interim dividend of ₹5 per share approved by the Board.
Sub-sector-specific signals from the latest concall — each with management's stated reason for the change
Total Associate Headcount
4,83,503
Why: Seasonal churn and Labour Code implementation pause.
General Staffing Headcount
4,70,774
Why: Seasonal de-hiring in BFSI and CRT verticals.
Professional Staffing EBITDA Margin
12.5%
Why: Focus on high-margin GCC contracts and rationalization of low-yield engagements.
GCC Share of Professional Staffing
72%
Why: Strategic positioning in higher-value digital and technology roles.
Days Sales Outstanding (DSO)
24 days
Why: Tighter credit control and focused collections.
Open Mandates
37,000
Why: Pickup in demand from manufacturing and construction sectors.
Collect and Pay Coverage
76%
Why: Consistent execution of the low-risk business model.
Average Revenue PAPM (IT Staffing)
₹1.2 Lakh
Why: Reflects quality of deployment and seniority of roles supported.
Forward-looking targets from management for Q4 FY26
OPM Guidance
2%
Expecting Q4 to be a growth quarter in terms of volumes.
Targeting sustained margins around 2% with medium-term expansion goals.
Targeting net headcount addition exceeding 15,000 in Q4.
Guidance Changes
EBITDA Margin: 1.8% → 2.0%
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Apr 18, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Quess Corp Ltd's latest quarterly results (Dec 2025) show
Quess Corp Ltd's current PE ratio is 13.0x.
Quess Corp Ltd's price-to-book ratio is 2.6x.
Quess Corp Ltd's fundamental strength based on key financial ratios
Quess Corp Ltd has a debt-to-equity ratio of N/A.
Quess Corp Ltd's return ratios over recent years
Quess Corp Ltd's operating cash flow is positive (FY2025).
Quess Corp Ltd's current dividend yield is 5.06%.
Quess Corp Ltd's shareholding pattern (Mar 2026)
Quess Corp Ltd's promoter holding has decreased recently.
Quess Corp Ltd is an established outperformer with 1 weeks of consecutive Nifty 500 outperformance.
Quess Corp Ltd has 5 key growth catalysts identified from recent earnings analysis
Quess Corp Ltd has 2 key risks worth monitoring
In Q3 FY26, Quess Corp Ltd's management highlighted
Quess Corp Ltd's management has provided the following forward guidance for Q4 FY26
Quess Corp Ltd's most important sub-sector-specific KPIs from the latest concall
Based on quantitative research signals, here is why Quess Corp Ltd may be worth studying
Quess Corp Ltd investment thesis summary:
Quess Corp Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
