Business Services / Staffing & Workforce Management
Strategic Profile
Workforce Management represents 72% of revenue, offering General Staffing, IT Staffing, RPO, MSP, and Permanent Recruitment services. Quess recently became the first company to join the Open Network for Digital Commerce (ONDC) as an Anchor Network Participant in the Work Opportunities domain, contributing to strengthening India's digital employment ecosystem.
Cyborg Score Rationale
Q3 FY26 revenue grew 3% QoQ to ₹3,930 crore with EBITDA growing 28% YoY to ₹80 crore and adjusted PAT increasing 29% YoY to ₹62 crore. The company provides a good dividend yield of 5.15% and maintains a healthy dividend payout of 144%. However, IT Department final assessment for AY2022-23 demands Rs.159.92 Crore with Quess contesting the demand.
Top Insights
Professional Staffing segment achieving record EBITDA margin of 12.2% with 11% revenue growth despite overall soft demand
Recently integrated with ONDC network to expand job listings to 5+ lakh annually, particularly targeting MSME segment and Tier II/III regions
Strong profitability recovery: Q3 PAT up 29% YoY with improving operational efficiency and cost controls
Pending ₹160 crore tax assessment and demerger into Bluspring Enterprises adding near-term uncertainty
Named Competitors
General Staffing & IT Staffing Services — Indian staffing competitor; outperformed QUESS by 283.9% over 3 years
Staffing & Workforce Solutions — Indian HR services and staffing provider
Global Staffing & BPO — International staffing and workforce management competitors
Recent Developments
(January 2026) IT Department demands ₹159.92 crore tax for AY2022-23; company to contest
(January 2026) Lohit Bhatia promoted to CEO and Neeraj Jain appointed CFO
(December 2025) Quess integrates with ONDC as Anchor Participant for Work Opportunities domain