Quess Corp Posts Strong Growth After Demerger

Quess Corp, a staffing and workforce solutions provider, reported a 54.4% year-on-year growth in adjusted profit after tax for FY25. Post demerger, Quess Corp's revenue in Q4 increased by 3.7%. The firm also announced strategic plans for expansion and cost optimization amid macroeconomic challenges.

Quess Corp, a major player in staffing and workforce solutions, has shown significant financial gains following a recent demerger, as evidenced by a 54.4% increase in adjusted profit after tax (PAT) for the fiscal year 2024-25.

The Bengaluru-based company received NCLT approval to split its diverse operations into three distinct entities earlier this year. As a result, Quess Corp spun off Digitide Solutions and Bluspring Enterprises. Revenue for Q4 FY25 rose by 3.7% to Rs 3,656.4 crore, reflecting positive growth post-restructuring. For the entire fiscal year, the company's revenue increased by 9.2% to Rs 14,967 crore.

Despite challenges in general staffing and overseas segments, Quess Corp is focused on market penetration and cost optimization strategies, with an ambitious aim to achieve a 20% return on equity for shareholders. Additionally, the company proposed a final dividend and a new dividend policy, reflecting its commitment to returning capital to investors.

(With inputs from agencies.)