Quess Corp's optimistic outlook | Steady revenue growth, the US turnaround, and margin expansion

Quess Corp's management is keen on achieving an impressive margin of approximately 4 percent by the end of the fourth quarter of financial year 2024. A leading business services provider offers a wide range of technology-driven staffing and managed outsourcing solutions for various business functions. These services encompass sales and marketing, customer care, after-sales support, back-office operations, telecom operations, manufacturing operations, facilities and security management, HR and finance operations, IT, and mobility services, among others.

The management also laid out a promising roadmap for the company's future. Despite challenges in the North American business, they are optimistic about achieving a 20 percent revenue growth in FY24. The focus on debt reduction and margin expansion indicates a commitment to financial stability and operational efficiency.

In an interview with CNBC-TV18, key executives from Quess Corp, Guruprasad Srinivasan, Executive Director and Group CEO, and Kamal Pal Hoda, Group CFO, shared valuable insights into the company's performance and prospects. Despite challenges, Quess Corp remains optimistic about its growth trajectory, aiming for a 20 percent revenue growth in FY24. The company is also working diligently to address specific concerns, including its turnaround in the US  business, and reducing debt by nearly Rs 100 crore in FY24. Additionally, the management aspires to achieve a margin of approximately 4 percent by the end of Q4FY24.