Teamlease Services Limited — Updates, 29-01-2025: Press Release

TeamLease Services Limited reported results for Q3FY25, highlighting a consolidated revenue growth of 4% QoQ and 19% YoY, reaching ₹2,931 Cr. Headcount increased to 3,53,500, marking a 1% rise QoQ and 14% YoY. The company achieved an EBITDA of ₹35 Cr with a margin of 1.2%, reflecting operational efficiency despite a slight decrease in YoY profit after tax to ₹28 Cr.

The addition of 3,000 headcount demonstrates a strategic focus on expanding staffing capabilities. The recent acquisition of an 80% stake in Ikigai Enablers aims to enhance IT staffing in Singapore and the Middle East. The Company also benefitted from a 19% growth in revenue from HR services due to increased billing in Edtech’s CSR projects, despite challenges in profitability.

Management indicates plans to leverage existing capacities to continue driving growth opportunities in IT staffing and integrate recent acquisitions effectively, although potential headwinds in the BFSI sector are anticipated. Overall, the results present a positive outlook for growth amid evolving operational dynamics.