Quess Corp Limited
5,627words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
28%
50%
11%
4%
2%
9%
7%
8%
1%
14%
6.1%
Guidance — 2 items
Key developments
opening
“ In Pipeline Home grown Food App (implemented in selected customer sites); All existing food sites to go live by Q1 FY 23 100% of attendance now captured digitally Q-bridge: Digitization of Site survey to Invoicing , soft launched, Q1’23 target to migrate in full.”
Key developments
opening
“All rights reserved | 50 FY25 Segment wise evolution & value drivers WFM Platform GTS1 Platform OAM Platform Overall EBITDA Margin (%) 3.1% CAGR Revenue in Rs.”
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Speaking time
1
1
1
Opening remarks
Focused effort to capture untapped segments
Manufacturing and Construction poses the largest 0.9 2.7 27.9 3.4 24.7 13.2 50.1 0.5 0.3 7.6 51.8 5.6 3.6 1.7 untapped opportunity in for staffing business Initiatives taken to tap the opportunity: • Construction: 3,000 workmen deployed. Site Based training to improve productivity of fresh workmen. • Sampoorna Rozgar Yojna 5% 7% 10% 6% 6% 30% Sector Concentration 14% 22% BFSI Retail Telecom Industrials FMCG Logistics IT/ITES Others
Increase the wallet share in existing segments
Core growth to come from BFSI, Retail, IT / ITeS Enhanced growth from new segments like e-commerce, and Start-ups WFM: New accounts sales to drive incremental HC growth (~50% in Q3 FY22) © Quess Corp Limited 2022. All rights reserved | 24 Margin mix of WFM Business Share of Total EBITDA Low Single Digit % EBITDA 58% 53% 51% While the Volume Verticals Will continue to provide growth and form the backbone of Workforce Management High Single Digit % EBITDA Double Digit % EBITDA 34% 8% FY 20 Focus on Value Verticals 31% Will drive the margin expansion 41% 6% FY 21 18% 9M FY 22 © Quess Corp Limited 2022. All rights reserved | 25 Digitally enabled services driving higher productivity and leading to deeper customer relationships Front End Process 85% of Associates are using WorQ Application for Task Management Attendance Capturing Sales Modules Administering Instant Surveys Route Management Digital Supervisor WorQ GM (INR Cr.) 3.8 1.8 2.3 FY20 FY21 9M FY22 Back End Process A
Key developments
INR 137.5 Cr investment raised, led by Volrado Venture Partners, Meridian Investments and Quess Corp 122% YoY Growth in # of Active jobs on the platform. There is a large focus on Job Quality with a new metric of Job Quality score introduced Customer retention rate constant at ~70% QoQ with focus on larger customers helping achieve 103% value renewals User Acquisition & Re-activation crossed 1.5 million in the quarter © Quess Corp Limited 2022. All rights reserved | 37 Talent Acquisition growing in complexity, but presents a huge opportunity Gen Z & Millennials looking for frequent job changes, career advancement opportunities and work flexibility Work from home/ Gig jobs seeing growth along with rising demand for technical talent Companies to spend 6x more on hiring technical talent, and replacement costs at 0.5x to 2x of salary cost 61% of recruiters expect future hiring processes to be a combination of virtual and in-person 58% of recruiters are now using social me
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