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**Financial Highlights:** Quess Corp reported a revenue of ₹5,519 crore for Q3 FY25, marking a 14% year-on-year increase. The EBITDA rose 6% to ₹197 crore, reflecting an EBITDA margin of 3.6%. Profit after tax (PAT) soared 34% to ₹85 crore, with an earnings per share (EPS) of ₹5.44. For the first nine months of FY25, the company's revenue totaled ₹15,702 crore, with a PAT of ₹290 crore, demonstrating a significant 59% increase.
**Strategic Initiatives and Growth Drivers:** Quess continues to push forward with its three-way demerger, with both shareholder and creditor approvals in place. The final hearing at NCLT is set for late January 2025. The company is also seeing promising growth in the Middle East, despite macroeconomic challenges in Singapore.
**Business Developments:** The workforce has seen a healthy addition of 46,000 headcount year to date, reaching a total of approximately 617,000 employees. Strengthening its market position, the company secured 124 new contracts with a collective annual contract value exceeding ₹150 crore.
**Market Position and Competitive Advantage:** Quess remains the largest staffing player in India and ranks among the top five globally by headcount. Its diverse operational portfolio helps mitigate risks associated with sector concentration.
**Investor Implications:** Quess is positioned for positive growth, underpinned by a solid pipeline of new contracts and strategic initiatives aimed at enhancing operational efficiency. Investors should watch for outcomes from the demerger process, which may unlock additional value and market opportunities.