TeamLease Services posts Rs 25 cr profit in Q1
PTI
Mumbai, Jul 31 (PTI) Staffing company TeamLease Services on Thursday reported a 29.11 per cent rise in consolidated profit to Rs 25.01 crore during the June quarter.
The company's net profit stood at Rs 19.37 crore in the year-ago period, TeamLease Services said in a regulatory filing.
Revenue from operations of the company grew 12.07 per cent during the quarter at Rs 2,891.40 crore compared to Rs 2,579.85 crore in the same period last year.
'Resilient demand from enterprise clients and tech profiles in non-tech companies and global capability centres, have helped sustain the growth momentum," TeamLease Services Managing Director Ashok Reddy said.
Shares of the company on Thursday closed at Rs 1,835.40, down 2.15 per cent on BSE. PTI SM TRB
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
15 minutes ago
- New Indian Express
Centre releases Rs 3,000 crore for CMRL Phase 2 in 2025-26
CHENNAI: The union government has released Rs 3,000 crore so far this financial year towards Chennai Metro Rail's Phase 2 project, according to a Right to Information (RTI) response accessed by TNIE. The funds, disbursed by the Ministry of Housing and Urban Affairs as of July 28, form part of a total outlay of Rs 8,445.8 crore earmarked for the project in 2025-26 — the single-largest allocation for any metro project across the country this year. The release includes the full equity contribution of Rs 1,841.2 crore, Rs 158.8 crore in subordinate debt, and Rs 1,000 crore in pass-through assistance (PTA) from external agencies, according to the ministry's reply to RTI petitioner Dayanand Krishnan. A senior official with Chennai Metro Rail Limited (CMRL) said the centre had already released approximately Rs 5,400 crore before March 2025, following the formal approval of Phase 2 as a central sector scheme in October 2024. 'The Rs 3,000 crore includes funds received during April and May. In total, Tamil Nadu has received around Rs 8,400 crore so far. It's not disbursed in tranches — funds are released as and when needed,' the official said. Spanning 118.9 km across three corridors, Phase 2 is one of India's largest ongoing urban mobility investments. Its reclassification as a central sector scheme last year has unlocked direct funding from the union government, after years of procedural delays. The steady flow of funds is expected to ease financial pressure on the Tamil Nadu government, which has been seeking continued central support for its expanding mass transit infrastructure. The large allocation also signals the strategic and political significance of the project, with Chennai emerging as a key node in India's urban transport agenda. RTI activist Krishnan, who has closely tracked metro funding in Tamil Nadu, urged the union government to expedite approvals and funding for three pending proposals from the state: A new corridor linking Chennai Airport to Kilambakkam, and greenfield metro projects in Madurai and Coimbatore. Concrete moves Release includes equity of Rs 1,841 cr, Rs 158 cr subordinate debt, Rs 1K c assistance from external agencies In total, Tamil Nadu has received around Rs 8,400 crore so far, says official 118.9 km across 3 corridors; Phase 2 is one of India's largest urban mobility projects
Time of India
15 minutes ago
- Time of India
Rs 2 lakh worth earning from credit card reward points, here's how a techie working in Pune did it using these HDFC Bank credit cards
HDFC BizBlack reward points strategy Let's start with BizBlack. This is a hidden weapon for freelancers, consultants & business owners. Why? Because it gives 5X points on tax & utility payments, including GST and advance tax and each point is worth Rs 1! GST & Tax Payments Strategy I paid my GST & advance tax using Bizblack BizBlack gives 5X points on these Monthly cap: 7,500 bonus points Annual = 90,000 bonus points + base points Academy Empower your mind, elevate your skills Base earn rate: 5 RPs per Rs 150 5X means: 25 RPs per Rs 150 (including base) Max bonus: 7,500/month = 90,000/year With base points: ~1,00,000+ points/year Value: Rs 1 = Rs 1,00,000 saved or earned. HDFC Infinia credit card strategy Talreja says: Let's talk about the beast --HDFC Infinia. Infinia is not just a premium lifestyle card, it's a reward-generating machine when you use it strategically with SmartBuy + GYFTR vouchers SmartBuy + GYFTR = My Power Combo Myntra vouchers (5X points) -Especially during Gold coin deals (8% off) Pharmeasy vouchers (10X points) - For baby essentials Blinkit/Swiggy Instamart vouchers (5X points) -For groceries All bought via SmartBuy, giving huge bonus points. Why Myntra was a double win I bought Myntra vouchers via SmartBuy (5X points) Used vouchers for gold coin purchases Earned points + got coins at discount = Investment + Rewards Infinia Point Mechanics Base rate: 5 points per Rs 150 SmartBuy boost: Up to 10X (50 points per ₹150) Monthly cap: 15,000 bonus points Redemption value: ₹1 per point (flights/hotels via SmartBuy) Yearly reward: 1,00,000 points = Rs 1,00,000 value Key lessons Use BizBlack for all tax payments Use Infinia for all expenses via GYFTR vouchers Hit monthly bonus caps only when you have expenses Track your usage. Points = money. Don't just swipe cards - strategize them Vouchers may feel boring, but they multiply rewards Even tax can be rewarding with the right credit card This is how rich people use credit cards Suraj Kumar Talreja, an data analyst who previously work at Standard Chartered Bank and is currently with V Square Systems in Pune, shared his journey of earning Rs 2 lakh in reward points from his HDFC BizBlack and Infinia credit cards over the past year. According to HDFC Bank website as of August 7, 2025, "1 Reward Point = Upto 1 Re".Talreja posted on X (formerly Twitter) on August 6, 2025: 'Here's how I earned 2,00,000 reward points in just 1 year worth a whopping Rs 2,00,000 using my HDFC BizBlack & Infinia cards. No overspending. Just smart planning. Here's a thread for anyone who wants to truly master credit cards.'Speaking exclusively to ET Wealth Online, Talreja said: "Credit cards are not for spending more; they're for earning more on what you already spend."Talreja said:That's over Rs 1,00,000 in reward value just for paying taxes you'd pay explains how he earned another 1,00,000 pointsI used Infinia for:Taleja explains: Recently, Myntra had 8% off on Gold CoinsTalreja says: 'This is next-level credit card usage'Talreja says: 'Without overspending. Just smart optimization.'Talreja says:
Mint
15 minutes ago
- Mint
Highway Infrastructure IPO day 3 Live: GMP, subscription status to review. Apply or not?
Highway Infrastructure IPO day 3: The initial public offering (IPO) of Highway Infrastructure Limited opened on 5 July 2025 and will remain open until 7 August 2025. This means investors have just one day to apply for the public issue. The Indian infrastructure company has declared the Highway Infrastructure IPO price band at ₹ 65 to ₹ 70 per equity share. The company aims to raise ₹ 130 crore from this fresh capital-cum offer for sale. The public issue is proposed for listing on the BSE and the NSE. According to the Highway Infrastructure IPO subscription status, the public offer received a strong response from investors. It had been subscribed to its offer nearly 73 times after bidding on day 2. Meanwhile, company shares are available in the grey market at a robust premium. According to market observers, Highway Infrastructure shares are available at a premium of ₹ 41 in the grey market today. This is ₹ 3 higher than Wednesday's Highway Infrastructure IPO GMP of ₹ 38. Observers said that the Highway Infrastructure IPO GMP has surged despite the sell-off in the secondary market on Wednesday. They expected further improvement in the grey market sentiment regarding the Highway Infrastructure IPO once there is a trend reversal on Dalal Street. By 5:00 PM on day 2 of bidding, the public issue had been subscribed 72.92 times, the retail portion had been booked 73.55 times, the NII portion had been filled 97.70 times, whereas the QIB segment had been booked 7.10 times. Assigning a 'subscribe' tag to the public issue, Anand Rathi says, "At the upper price band, the company is valued at a FY25 P/E of 22.5x, with a post-issue market capitalisation of ₹ 5,020 million. It presents a niche opportunity in India's tollway and EPC infrastructure space, supported by consistent growth and a robust order book. Using ANPR (Automatic Number Plate Recognition) technology in toll systems provides a competitive advantage, while the combination of toll and EPC businesses offers diversified revenue streams. Considering these factors, the IPO seems fully priced, and a "SUBSCRIBE – LONG TERM" recommendation is suggested." On whether one should apply for the IPO, Arun Kejriwal, Founder of Kejriwal Research and Investment Services, said, "Infra is a segment where a four-digit order book is a common phenomenon. Looking at the Highway Infrastructure IPO size of ₹ 130 crore, it seems the company has limited opportunity, and the public issue is on the borderline of SME and mainboard." Highway Infrastructure IPO allotment date is most likely on 8 August, while Highway Infrastructure IPO listing date is most likely on 12 August 2025. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
