Slide 1: Exchange filing cover letter - Investors Presentation Q2 FY26
QCL/SEC/2025-26/65 October 29, 2025 To, BSE Limited, National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Building, PJ Towers, Bandra- Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Security Code – 539978 NSE Symbol – QUESS Dear
Slide 2: Quess Corp Q2 and H1 FY26 Earnings Presentation
Quess Corp Q2 and H1 FY26 Earnings Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by Quess Corp Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disseminated, di
Slide 4: Q2 FY26 Highlights
Q2 FY26 Highlights Addition of net 21k+ leading to headcount of 483,115 making us India’s largest domestic staffing player Ranked #36 among “India’s Best Employers 2025” in TIME and Statista ranking Highest EBITDA at ₹ 77 Cr with growth of 11% YoY Revenue at ₹ 3,832 Cr, growth of 3% YoY EBITDA margi
Slide 5: Quess Business Segments (H1 FY26 figures)
Quess Business Segments (H1 FY26 figures) Building a future-ready workforce ecosystem General Staffing Professional Staffing • Banking and Financial Services & Insurance (BFSI) • Digital & Technology Skills • Consumer, Retail & Telecom (CRT) • Global Capability Centre (GCC) Services • Manufacturing
Slide 6: Contents
Contents 1 Key Business Highlights 2 Segment wise Updates 3 Financial Updates 4 Company Overview © Quess Corp Limited 2025. All rights reserved 5
Slide 7: Key Business Highlights
01 Key Business Highlights © Quess Corp Limited 2025. All rights reserved 6
Slide 8: Q2 FY26 Financial Highlights
Q2 FY26 Financial Highlights (Figures in ₹ cr.) Revenue Q2 FY26 YoY QoQ Op. Margin Q2 FY26 YoY QoQ General Staffing 3,317 ▲ 3% ▲ 6% General Staffing 46 ▼ (23%) ▲ 1% Professional Staffing 224 ▲ 11% ▼(8%) Professional Staffing 27 ▲ 37% ▲ 10% Overseas Business 290 ▲ 3% ▲ 2% Overseas Business 18 ▲ 27% ▲
Slide 9: H1 FY26 Financial Highlights
H1 FY26 Financial Highlights (Figures in ₹ cr.) Revenue H1 FY26 H1 FY25 YoY Op. Margin H1 FY26 H1 FY25 YoY General Staffing 6,439 6,335 ▲ 2% General Staffing 92 104 ▼ (12%) Professional Staffing 468 388 ▲ 21% Professional Staffing 52 37 ▲ 42% Overseas Business 575 566 ▲ 1% Overseas Business 36 30 ▲
Slide 10: Q2 FY26 Hiring snapshot (General Staffing)
Q2 FY26 Hiring snapshot (General Staffing) Sector-wise State-wise Operational Metrics (Q2 vs Q1) Gross addition : ~ (115k vs 79K) Gross addition : ~ (115k vs 79k) ▲27,099 ▲18,592 MAHARASHTRA Male Female Gender Industrials ▲21,401 BFSI ▲12,190 TAMILNADU ▲ 81% 80% ▼ 19% 20% ▲21,236 RETAIL ▲10,758 KARN
Slide 11: Segment-wise Updates
02 Segment-wise Updates © Quess Corp Limited 2025. All rights reserved 10
Slide 12: General Staffing – Financial Performance
General Staffing – Financial Performance Revenue (In ₹ Cr) Operational EBITDA (In ₹ Cr) 3% (23)% 3,511 70 4.0 % 3,317 60 3.5 % 3,219 60 3,149 3,122 3.0 % 50 46 45 46 43 2.5 % 40 2.0 % 1.9% 1.5 % 30 1.4% 1.5% 1.4% 1.3% 1.0 % 20 0.5 % 10 0.0 % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'2
Slide 13: General Staffing – Operational Performance
General Staffing – Operational Performance Associate : Core FTE (GS) Collect & Pay - Headcount (213) bps (20)% 357 371 80% 349 79% 307 76% 77% 76% 286 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 (7)% (51) bps Sector-wise concentration% Client concentration% 9% 10% 11% 15% 10% 16% 15%
Slide 14: Professional Staffing – Financial Performance
Professional Staffing – Financial Performance Revenue (In ₹ Cr) Operational EBITDA (In ₹ Cr) 11% 37% 28 27 12. 0% 244 26 25 224 11. 0% 218 219 24 12.2% 202 10. 0% 22 10.2% 20 20 20 20 9.0 % 9.2% 18 9.9% 9.3% 8.0 % 16 7.0 % 14 6.0 % 12 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 10 5.0 % Q2'25 Q3'25 Q4'25 Q1'26 Q2
Slide 15: Professional Staffing – Operational Performance
Professional Staffing – Operational Performance Revenue Contribution % New on-board contribution % 9% 9% 9% 9% 10% 14% 15% 16% 16% 16% 23% 24% 21% 18% 21% 13% 9% 16% 16% 15% 68% 70% 73% 69% 73% 75% 68% 68% 69% 67% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 GCC Enterprise IT/ITeS GCC
Slide 16: Overseas Staffing – Financial Performance
Overseas Staffing – Financial Performance Revenue (In ₹ Cr) Operational EBITDA (In ₹ Cr) 3% 29% 290 20 18 289 287 18 18 283 284 18 16 16 14 14 12 10 5.0% 5.6% 6.1% 6.2% 6.2% 8 6 4 2 - Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 2% 3% Key developments • 18% YoY Headcount growth - 5,73
Slide 17: Overseas Staffing – Operational Performance
Overseas Staffing – Operational Performance Region-wise Revenue % Region-wise Headcount% 17% 19% 20% 23% 26% 17% 41% 41% 42% 44% 46% 20% 19% 21% 23% 37% 37% 38% 37% 37% 66% 62% 61% 55% 50% 22% 22% 20% 19% 17% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Singapore ME ROW Singapore ME R
Slide 18: Digital Platforms – Business Performance
Digital Platforms – Business Performance BCPL Taskmo All in one platform for workforce management, employee hiring, engagement, benefits and upskilling needs. We deliver hyperlocal solutions across industries via a gig- worker network Hamara Jobs User Base (‘000) 12,641 Leads 7,801 6,779 6,906 6,916
Slide 19: Financial Highlights
03 Financial Highlights © Quess Corp Limited 2025. All rights reserved 18
Slide 20: Q2 FY26 Financial Updates
Q2 FY26 Financial Updates Revenue (In ₹ Cr) EBITDA (In ₹ Cr) & margin (%) 3% 11% 120 50. 0% 45. 0% 4,019 77 40. 0% 3,832 80 69 62 67 70 35. 0% 3,705 30. 0% 3,656 3,651 25. 0% 20. 0% 40 15. 0% 1.8% 1.6% 1.8% 1.9% 2.0% 10. 0% 5.0 % - 0.0 % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 5%
Slide 21: Income Statement
Income Statement Particulars ( in ₹ Cr) Q2 FY2026 Q1 FY2026 QoQ Q2 FY2025 YoY H1 FY2026 H1 FY2025 YoY Revenue 3,832 3,651 ▲5% 3,705 ▲3% 7,483 7,292 ▲3% EBITDA 77 70 ▲10% 69 ▲11% 146 133 ▲11% EBITDA Margin % 2.0% 1.9% ▲9bps 1.9% ▲13bps 2.0% 1.8% ▲14bps Depreciation & amortisation 10 10 ▼(3%) 10 ▼(2%)
Slide 22: Balance Sheet
Balance Sheet Particulars ( in ₹ Cr) FY24 FY25 H1 FY26 % Assets Fixed Assets & Intangibles 361 341 366 ▲7% Other Non-Current Assets 678 575 632 ▲10% Trade Receivables & Unbilled Revenue 1,611 1,529 1,600 ▲5% Cash and Cash Equivalent 174 267 273 ▲2% Loan and other current Assets 87 100 181 ▲75% Total
Slide 23: Cashflow Statement
Cashflow Statement Particulars ( in ₹ Cr) FY25 H1 FY26 PBT 46 103 Cash generated from operations 251 199 Income taxes (paid)/refund received 129 (41) Net Operating cashflows 380 158 Expenditure on PPE (1) (3) Other Investing Activities 4 (32) Net Investing cashflows 2 (35) Borrowing (net of Repaymen
Slide 24: Company Overview
04 Company Overview © Quess Corp Limited 2025. All rights reserved 23
Slide 25: Market Opportunity for Quess
Market Opportunity for Quess Growth Drivers India Staffing & Recruitment Services $ Bn 49 Unorganized to Farm to non-Farm Organized CAGR 13% Agri. workforce shrank GST collection up from from 51% in 2010 to $103Bn in FY18 to 19 43% in 2024 $241Bn in FY24 (~2.4X) 2022 2030 Proj Formalization of Shift
Slide 26: Large scale Operations at Quess
Large scale Operations at Quess General Staffing: ~470,000 Active Associates: Candidates sourced from Professional Staffing: ~7,000 ~483,000 700+ Districts across Overseas Businesses: ~6,000 India Recruiters: Monthly Onboarding: 30+ Offices – Across India 700+ ~50,000+ Gross Adds Guwahati Chandigarh
Slide 27: Our Differentiators
Our Differentiators Organization & Sourcing Engine GCC Focus Advocacy Edge Structure ▪ Ability to source • Strategic thrust on • Quess chairs ISF; ▪ Industry-led structure 20,000+ associates Global Capability shaping industry in General & a month Centres (GCC) – 1 direction Professional Staffing – l
Slide 28: Research-backed Market Intelligence
Research-backed Market Intelligence Reports Focus Area Partner Foundations Focus Area A bird’s-eye view of in- Women’s participation in QITS Digital Skills The Udaiti demand technology the workforce & address Report Foundation talent in India attrition An overview of the Bill and Melinda Women’s par
Slide 29: About Quess Corp
About Quess Corp Quess Corp Limited (Quess) is India’s leading business services provider, leveraging our extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions. We provide a host of technology enabled staffing and managed outsourcing