Quess Corp Limited — Important, 29-01-2025: Updates

**Financial Highlights:** In 9M FY25, Quess Corp reported a revenue increase of 11% year-on-year (YoY) to ₹15,702 crore, with EBITDA up 13% and PAT significantly higher by 59%, resulting in an EPS growth of 51%. For Q3 FY25, revenues reached ₹5,519 crore, showing a 14% YoY growth. The company's gross debt reduced to ₹224 crore from ₹370 crore as of March 2024. The board has also approved an interim dividend of ₹4 per share.

**Strategic Initiatives and Growth Drivers:** Quess's three-way demerger is progressing as planned, with shareholder and creditor approvals completed and the second motion hearing scheduled for January 30, 2025. Workforce management remains a key growth area, with a headcount of over 617,000, reflecting an 11% YoY increase.

**Business Developments:** Quess secured 124 new contracts during the quarter, with an Annual Contract Value (ACV) exceeding ₹150 crore, particularly expanding its Global Technology Services and Operating Asset Management sectors.

**Market Position and Competitive Advantage:** As India's largest business services company, Quess maintained a strong market position, recognized for its workforce management capabilities and digital innovations. Its operational focus on profitability and strategic divestments emphasizes a positive outlook amidst macroeconomic challenges.

**Investor Implications:** Investors should monitor the ongoing demerger process, as successful completion could unlock additional shareholder value. The robust financial performance and strategic initiatives signal potential growth opportunities in the coming quarters.