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Team Lease Services Results: Latest Quarterly Results & Analysis

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TeamLease Services Ltd. 29 Jul 2026 16:25 PM
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Q1FY27 Quarterly Result Announced for TeamLease Services Ltd.

Commercial Services company TeamLease Services announced Q1FY27 results

Consolidated Financial Highlights:

  • Total Income for Q1FY27 stood at Rs 3,056.20 crore, representing a growth of 6.04% YoY compared to Rs 2,881.99 crore in Q1FY26 and an increase of 3.65% QoQ from Rs 2,948.54 crore in Q4FY26.
  • Revenue from Operations for Q1FY27 was reported at Rs 3,034.69 crore, up 5.76% YoY from Rs 2,869.36 crore in Q1FY26 and up 3.75% QoQ from Rs 2,924.87 crore in Q4FY26.
  • Other Income in Q1FY27 was Rs 21.51 crore, compared to Rs 12.63 crore in Q1FY26 and Rs 23.67 crore in Q4FY26.
  • Profit Before Tax (PBT) for Q1FY27 reached Rs 36.26 crore, marking a significant growth of 38.08% YoY from Rs 26.26 crore in Q1FY26, but registered a decline of 29.74% QoQ from Rs 51.61 crore in Q4FY26.
  • Net Profit (attributable to owners of the parent) for Q1FY27 stood at Rs 34.87 crore, showing an increase of 31.39% YoY from Rs 26.54 crore in Q1FY26 and a decrease of 20.59% QoQ from Rs 43.91 crore in Q4FY26.
  • Total Comprehensive Income for Q1FY27 was reported at Rs 33.93 crore, compared to Rs 24.45 crore in Q1FY26 and Rs 45.60 crore in Q4FY26.
  • Earnings Per Equity Share (Basic) for Q1FY27 stood at Rs 20.79, compared to Rs 15.83 in Q1FY26 and Rs 26.18 in Q4FY26.

Standalone Financial Highlights:

  • Total Income for Q1FY27 was Rs 2,761.08 crore, reflecting a 4.08% YoY growth from Rs 2,652.94 crore in Q1FY26 and a 4.12% QoQ increase from Rs 2,651.69 crore in Q4FY26.
  • Revenue from Operations in Q1FY27 stood at Rs 2,739.36 crore, up 3.75% YoY from Rs 2,640.42 crore in Q1FY26 and up 4.34% QoQ from Rs 2,625.40 crore in Q4FY26.
  • Profit Before Tax (PBT) for Q1FY27 reached Rs 25.03 crore, an increase of 1.87% YoY from Rs 24.57 crore in Q1FY26, but a decline of 14.78% QoQ from Rs 29.37 crore in Q4FY26.
  • Net Profit for Q1FY27 was reported at Rs 24.29 crore, showing a slight decline of 2.10% YoY from Rs 24.81 crore in Q1FY26 and an increase of 12.98% QoQ from Rs 21.50 crore in Q4FY26.
  • Total Comprehensive Income for Q1FY27 stood at Rs 23.84 crore, compared to Rs 24.43 crore in Q1FY26 and Rs 21.38 crore in Q4FY26.
  • Earnings Per Equity Share (Basic) for Q1FY27 was Rs 14.49, compared to Rs 14.80 in Q1FY26 and Rs 12.81 in Q4FY26.

Business Highlights:

  • Segment-wise Performance:
    • General Staffing: Revenue grew to Rs 2,796.50 crore in Q1FY27, up 4.77% YoY from Rs 2,669.29 crore in Q1FY26.
    • Specialised Staffing: Revenue stood at Rs 187.82 crore in Q1FY27, reflecting a growth of 21.21% YoY from Rs 154.96 crore in Q1FY26.
    • Other HR Services: Revenue was reported at Rs 50.37 crore in Q1FY27, up 11.66% YoY from Rs 45.11 crore in Q1FY26.
  • Buyback: The Company completed the buyback of 1,487,500 equity shares at a price of Rs 1,600 per share, for an aggregate amount of Rs 238 crore. The settlement was completed on July 21, 2026.
  • Client Momentum: Added 127 new enterprise client logos across all businesses during Q1FY27.
  • Headcount: The total headcount stood at 3,41,330 in Q1FY27, a 3% YoY decline from 3,51,000 in Q1FY26. This reflects the insourcing of approximately 23,000 associates by a large NBFC client in Q3FY26.
  • Portfolio Rationalisation: The Board has approved the exit from the Company's arrangement with Crystal HR & Security Solutions Private Limited (Wallet HR).
  • Specialised Staffing: The GCC (Global Capability Centre) segment contributed over 67% of segment revenue in Q1FY27.

Suparna Mitra, Managing Director & CEO, TeamLease Services, said: “Our business EBITDA has improved 18% YoY backed by GCC specialised staffing and operational efficiency. While the overall hiring trends are softer in general staffing, our new logo addition and hiring productivity are on upward trajectory. Continued formalisation of the economy and growing demand for comprehensive talent solutions are reshaping the employment landscape. TeamLease is well positioned to participate in these structural opportunities and shall make right investments in technology-enabled platforms, deeper leadership team and higher-margin adjacencies.”

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Misc. Commercial Services company TeamLease Services announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Revenue for Q4FY26 stood at Rs. 2,948.54 crore, a decrease of 2.17% QoQ from Rs. 3,013.95 crore in Q3FY26, and an increase of 2.82% YoY from Rs. 2,867.65 crore in Q4FY25.
  • For the full year FY26, Consolidated Total Revenue reached Rs. 11,859.38 crore, growing 5.88% compared to Rs. 11,200.59 crore in FY25.
  • EBITDA for Q4FY26 was Rs. 46.0 crore, representing a growth of 8% QoQ and a decline of 4% YoY.
  • The EBITDA Margin for Q4FY26 was 1.5% compared to 1.4% in Q3FY26.
  • Profit Before Tax (PBT) for Q4FY26 was Rs. 51.61 crore, showing an increase of 18.94% QoQ from Rs. 43.39 crore in Q3FY26 and 29.54% YoY from Rs. 39.84 crore in Q4FY25.
  • Profit After Tax (PAT) for Q4FY26 was Rs. 46.05 crore, an increase of 8.40% QoQ from Rs. 42.48 crore in Q3FY26 and 21.57% YoY from Rs. 37.88 crore in Q4FY25.
  • For the full year FY26, Net Profit stood at Rs. 141.38 crore, up 27.98% YoY from Rs. 110.47 crore in FY25.
  • Basic Earnings Per Share (EPS) for Q4FY26 was Rs. 26.18, compared to Rs. 20.85 in Q4FY25. For FY26, the Basic EPS stood at Rs. 83.30.

Standalone Financial Highlights:

  • Total Income for Q4FY26 was Rs. 2,651.69 crore, compared to Rs. 2,744.18 crore in Q3FY26 (down 3.37% QoQ) and Rs. 2,604.62 crore in Q4FY25 (up 1.81% YoY).
  • For the full year FY26, Standalone Total Income reached Rs. 10,810.77 crore compared to Rs. 10,292.84 crore in FY25.
  • Profit Before Tax for Q4FY26 stood at Rs. 22.95 crore, compared to Rs. 29.45 crore in Q3FY26 and Rs. 21.96 crore in Q4FY25.
  • Net Profit for Q4FY26 was Rs. 21.50 crore, compared to Rs. 29.81 crore in Q3FY26 and Rs. 20.94 crore in Q4FY25.
  • For the full year FY26, Standalone Net Profit was Rs. 97.23 crore, showing a slight increase from Rs. 96.10 crore in FY25.

Business Highlights:

  • Headcount: The total headcount stood at 3,40,600 as of March 31, 2026, marking a 2% QoQ increase. Approximately 6,000 net headcount additions were made during the quarter.
  • Segment Performance:
    • General Staffing: Revenue for Q4FY26 was Rs. 2,671.48 crore and Rs. 10,879.59 crore for FY26. The company added 14 new logos during the quarter.
    • Specialised Staffing: Revenue for Q4FY26 was Rs. 176.64 crore and Rs. 669.38 crore for FY26. The segment delivered 13% YoY growth in gross revenue.
    • Other HR Services: Revenue for Q4FY26 was Rs. 76.75 crore and Rs. 241.70 crore for FY26. EBITDA for HR Services grew 23% on a full-year basis.
  • Degree Apprenticeship (DA): Added 10 new client logos during the quarter. 30% of the total associate base has fully adopted integrated learning solutions.
  • New Client Momentum: Added 109 new enterprise client logos during the quarter. 24% of gross associates hired were first-time job seekers.
  • Cash and Refund: Received an Income Tax refund of Rs. 143.1 crore (including interest of Rs. 13 crore). Net free cash stands at Rs. 600 crore, with an outstanding TDS receivable of approximately Rs. 149 crore.
  • Share Buyback: The Board approved a proposal to buyback equity shares representing up to 8.87% of the total equity shares at a price of Rs. 1,600 per share, for an aggregate amount not exceeding Rs. 238 crore.
  • Stock Appreciation Rights: During the year, 43,100 stock appreciation rights were forfeited, with an additional 104,100 forfeited subsequent to the year-end due to performance conditions not being met.

Suparna Mitra, Managing Director & CEO, TeamLease Services, said: “FY26 was a year of disciplined execution. Full-year EBITDA growth of 14% and a 10 bps margin expansion over FY25 reflect the operating leverage we have built across the business. As I step into this role, my focus will be on accelerating profitable growth, deepening client relationships, and institutionalising the platform that Manish and Ashok have built.”

Result PDF

Commercial Services company TeamLease Services announced Q3FY26 results

  • Revenue: Rs 3,013 crore against Rs 2,921.3 crore during Q3FY25, change 3%.
  • EBITDA: Rs 34.9 crore against Rs 42.5 crore during Q3FY25, change -18%.
  • EBITDA Margin: 1.41% for Q3FY26.
  • PBT: Rs 49.1 crore against Rs 28.6 crore during Q3FY25, change 72%.
  • PBT Margin: 1.6% for Q3FY26.
  • PAT: Rs 28.4 crore against Rs 42.5 crore during Q3FY25, change -33%.
  • PAT Margin: 1.4% for Q3FY26.
  • EPS: Rs 25.3 for Q3FY26.

Ashok Reddy, Executive Vice Chairman & Whole-Time Director, TeamLease Services, said: “Our initiatives on digitization and cost optimization have been consistently contributing to operating leverage. Despite general slowness in the economy, our new logo acquisition is stable, including the GCC wins. Our YTD EBITDA grew 24% YoY, setting a strong base for the future. Full impact of BFSI headcount loss will be absorbed by Q1FY27.”

Result PDF

Commercial Services company TeamLease Services announced Q2FY26 results

  • Operating Revenue: Rs 3,032 crore compared to Rs 2,797 crore during Q2FY25, change 8%.
  • EBITDA: Rs 38 crore compared to Rs 33 crore during Q2FY25, change 15%.
  • EBITDA Margin: 1.3% for Q2FY26.
  • PBT: Rs 29 crore compared to Rs 26 crore during Q2FY25, change 12%.
  • PAT: Rs 28 crore compared to Rs 25 crore during Q2FY25, change 12%.
  • PAT Margin: 0.9% for Q2FY26.
  • EPS: Rs 16 for Q2FY26.

Ashok Reddy, Managing Director, TeamLease Services, said: “We had an overall decent quarter with 11k net adds and 24% QoQ growth in EBITDA. GCC focused approach in Specialised staffing with diversified product offerings had helped with growth momentum in both revenues and profits. While BFSI headwinds in general staffing persists, contribution from retail, e-comm, consumer and telecom verticals are promising. We are confident of expanding the overall EBITDA for the year with continued focus on growth and operating leverage.”

Result PDF

Commercial Services company TeamLease Services announced Q1FY26 results

  • Total Revenue: Rs 2,904 crore compared to Rs 2,594 crore during Q1FY25, change 12%.
  • EBITDA: Rs 31 crore compared to Rs 22 crore during Q1FY25, change 39.1%.
  • EBITDA Margin: 1.1% for Q1FY26.
  • PBT: Rs 26 crore compared to Rs 20 crore during Q1FY25, change 30.1%.
  • PAT: Rs 25 crore compared to Rs 19 crore during Q1FY25, change 29.2%.
  • PAT Margin: 0.9% for Q1FY26.
  • EPS: Rs 16 for Q1FY26.

Ashok Reddy, Managing Director, TeamLease Services, said: “Despite persistent macro-economic headwinds affecting the BFSI and IT services verticals, we have delivered notable EBITDA growth on a YoY basis. Resilient demand from enterprise clients and tech profiles in Non-tech companies and Global Capability Centers, have helped sustain the growth momentum. With a sharp focus on operational efficiency, diversified service mix and financial discipline, we are gearing up for a steady profit expansion trajectory for the remainder of the fiscal year and delivering value to all stakeholders across business cycles.”

Result PDF

Commercial Services company TeamLease Services announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • At the group level, net impact of ~7k headcount on account of scheduled BFSI headcount attrition. As a result, revenue declined by 2% QoQ but overall maintained 20% topline growth for the year.
  • EBITDA grew by 37% QoQ, backed by catch up billing in Edtech and inorganic contribution.
  • Net cash stands at Rs 472 crore, including free cash of Rs 310 crore.
  • Revenue stood at Rs 2,868 crore vs Rs 2,441 crore in Q4FY24 — up 17% YoY
  • PAT stood at Rs 38 crore vs Rs 28 crore — up 35% YoY
  • EPS stood at Rs 21 vs Rs 16 — up 31% YoY

FY25 Financial Highlights:

  • Revenue stood at Rs 11,201 crore vs Rs 9,368 crore in FY24 — up 20% YoY
  • EBITDA stood at Rs 138 crore vs Rs 131 crore — up 5% YoY
  • EBITDA Margin at 1.2% vs 1.4% — down 20 bps YoY
  • PAT stood at Rs 110 crore vs Rs 113 crore — down 2% YoY
  • EPS stood at Rs 65 vs Rs 67 — down 3% YoY

Ashok Reddy, Managing Director, TeamLease Services commenting on the quarterly results said, "We closed FY25 with a mixed performance across our business segments. In Staffing, we added approximately 25,000 associates inspite of the headwinds in H2 of FY25 from certain sectors. In IT Services, we made notable gains in operating efficiency and improved our Global Capability Center (GCC) mix. Strategically, we made significant strides to strengthen our service offerings and geographic reach. The acquisition of Ikigai Enablers will bolster our IT staffing footprint in Singapore and the Middle East. Additionally, the integration of TSR Darashaw and Crystal HR positions us to scale our HRTech capabilities more effectively."

Result PDF

Commercial Services company TeamLease Services announced Q3FY25 results

  • Total Revenue: Rs 2,931 crore compared to Rs 2,455 crore during Q3FY24, change 19%.
  • EBITDA: Rs 35 crore compared to Rs 36 crore during Q3FY24, change -3%.
  • EBITDA margin: 1.2% for Q3FY25.
  • PBT: Rs 29 crore compared to Rs 29 crore during Q3FY24.
  • PBT margin: 1% for Q3FY25.
  • PAT: Rs 28 crore compared to Rs 31 crore during Q3FY24, change -9%.
  • PAT margin: 1% for Q3FY25.
  • EPS: Rs 17 for Q3FY25.

Ashok Reddy, Managing Director, TeamLease Services, said: “Using our delivery capabilities and existing capacity in India, we are planning to expand sales operations of IT staffing in Singapore and Middle East. Headwinds in BFSI may continue for Staffing business on account of recent regulations issued by RBI. We are poised to drive synergies in HR Tech business by integrating our acquisition of TSR Darashaw HR Services and Crystal HR.”

Result PDF

Commercial Services company TeamLease Services announced Q2FY25 results

Financial Highlights:

  • Total Revenue: Rs 2,808 crore compared to 2,286 crore during Q2FY24, a change of 23% Yoy.
  • Operating Revenue: Rs 2,797 crore compared to 2,273 crore during Q2FY24, a change of 23% YoY.
  • EBITDA: Rs 33 crore compared to Rs 32 crore during Q2FY24, a change of 5% YoY.
  • EBITDA margin: 1.2% for Q2FY25.
  • PBT: Rs 26 crore compared to Rs 29 crore during Q2FY24, change -12%.
  • PBT margin: 0.9% for Q2FY25.
  • Profit after Tax:  Rs 25 crore compared to Rs 28 crore during Q2FY24, change -10%.
  • PAT margin: 0.9% for Q2FY25.
  • EPS: Rs 15 for Q2FY25.

Other Highlights:

  • At the group level, the company added ~18k headcount during the quarter largely led by BFSI and Consumer. Revenue grew by 8% QoQ and 23% YoY.
  • EBITDA recovery is backed by operating leverage in Staffing business and growth in EdTech billing.
  • 178 new logos were added during the quarter.
  • Net cash stands at Rs 555 crore, including free cash of Rs 340 crore.
  • The company is investing in a HireTech platform which is expected to go live in FY26. The platform aims to bring down the hiring costs significantly in a phased manner.

Ashok Reddy, Managing Director, TeamLease Services, said: “We have crossed 3.5 lakh billable headcount in our Employment cluster owing to strong growth across sectors.  Profit expansion is the key focus area this year, and we are confident of maintaining strong double-digit growth in the sequential profits. Our planned investments in Hiretech and Hrtech solutions, through organic and inorganic routes, will give us enhanced capabilities in the coming quarters. ”

Result PDF

Commercial Services company TeamLease Services announced Q1FY25 results:

  • At the group level, we added ~12,700 headcount during the quarter including the loss of ~6000 NEEM trainees. Revenue grew by 6% QoQ and 19% YoY.
  • EBITDA decline is because of the seasonality and delayed university billing in EdTech business and annual appraisal of core employees.
  • 187 new logos were added during the quarter.
  • We have received an Income Tax refund for AY 2023-24, amounting to Rs 115cr including interest of Rs 6.5 crore in Q1FY25.
  • Net cash stands at Rs.439 crore, including free cash of Rs.320 crore.
  • General Staffing:
    • Added net ~15,500 headcount in Q1FY25 taking the total billable headcount to ~2.82 lakhs.
    • Staffing revenue grew by 8% on QoQ backed by headcount growth across sectors.
    • Degree Apprenticeship (DA):
  • Net growth in trainee headcount, excluding the attrition of last lot of NEEM trainee loss of ~6,000 in Q1FY25. Growth is driven by NAPS (National Apprenticeship Promotion Scheme) and WILP (Work Integrated Learning Program).
  • Specialized Staffing:
    • Headwinds in the IT industry continue to impact on the growth in specialized staffing. While there has been consistent growth in GCC clients, net headcount loss with IT services clients was noted in Q1FY25. 

Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, “The recent union budget with the proposed initiatives around employment and employability is a welcome enabler for our long-term objective of Putting India to Work. Coupled with the implementation of Labour Codes, we believe these initiatives will drive up formalisation and productivity of the workforce in the coming years. On the business front, Staffing has been maintaining a healthy volume growth consistently across quarters and across diversified portfolio of clients. With NEEM impact fully addressed, DA will become a contributor on profit growth and margin expansion. While the billing cycle in EdTech business has impacted the Q1 profitability, with the current signup of universities and students, we are confident of posting as substantial growth in both revenues and profitability of EdTech business this year.”

Result PDF

Commercial Services company TeamLease Services announced Q4FY24 results:

  • At the group level, we added ~10,000 headcount during the quarter. Revenue declined by 1% QoQ and EBITDA grew by 2%.
  • 110 new logos were added during the quarter.
  • Net cash stands at Rs 345 crore, including free cash of Rs 265 crore. Outstanding Income Tax receivable is Rs 264 crore.
  • General Staffing:
    • Added net ~44,000k headcount in FY24 taking the total billable headcount to ~2.67 lakhs.
    • Staffing revenue is flat on QoQ largely because of festive billings in Q3FY24.
  • Degree Apprenticeship (DA):
    • Trainee headcount growth is positive, net of NEEM loss, for the current quarter driven by NAPS (National Apprenticeship Promotion Scheme) and WILP (Work Integrated Learning Program).
    • We expect the balance of NEEM trainees (~6k) to fully attrite by Q1FY25.
  • Specialized Staffing:
    • Headwinds in the IT industry continue to impact on the growth and profitability in specialized staffing
  • HR Services:
    • Revenue for the quarter grew by 36% and EBITDA by 41% owing to seasonality in the Edtech business.
    • On a full-year basis, revenue grew by 14% and EBITDA by 92% YoY

Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, “The volume growth momentum in Staffing is quite positive across FMCG, FMCD, Retail, Ecommerce, Telecom, and other emerging verticals. While we have had a slight setback on BFSI hiring for the past few months, the outlook from the second quarter of FY25 is shaping up well. DA business has now turned positive on headcount, net of exit of NEEM trainees.

We enter the year with growth momentum on revenue, but in the short run will have the business impact of salary hikes, full NEEM exit and seasonality of the EdTech business in Q1FY25 which will get adjusted in the second half of the year.”

Result PDF

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