Latest news with #TeamLeaseServices
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Business Standard
6 hours ago
- Business
- Business Standard
TeamLease shares soar 14% post Q1 result; will the rally sustain?
Shares of TeamLease Services rallied over 14 per cent on Friday after the company reported strong first-quarter numbers, with analysts positive on a medium to long-term basis. The human resource service provider's stock rose as much as 14.46 per cent during the day to ₹2,100 per share, the steepest intraday rise since July 23, 2024. The stock pared gains to trade 4 per cent higher at ₹1,895 apiece, compared to a 0.18 per cent decline in Nifty 50 as of 9:44 AM. Shares of the company snapped a two-day losing streak and currently trade at 88 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 35 per cent this year, compared to a 4.4 per cent advance in the benchmark Nifty 50. TeamLease Services has a total market capitalisation of ₹3,206.21 crore. Track LIVE Stock Market Updates Here TeamLease Services Q1 results The company reported a 27.66 per cent year-on-year (Y-o-Y) rise in consolidated net profit to ₹26.54 crore for the quarter ended June 2025, compared with ₹20.79 crore in the same period last year. Revenue rose 12.08 per cent to ₹2,891.40 crore, up from ₹2,579.85 crore in the year-ago quarter. The company's general staffing segment saw a 5 per cent growth in headcount and an 11 per cent increase in revenue. TeamLease added 44 new clients in this vertical, with over 60 per cent of them opting for the variable staffing model. Ebitda rose 39 per cent Y-o-Y, supported by consistent operating leverage and volume growth. Net free cash stood at ₹300 crore, excluding tax deducted at source (TDS) refunds of around ₹300 crore. Analysts on TeamLease results Antique Stock Broking said that TeamLease reported revenue below its expectations. The modest growth was attributed to seasonality in the EdTech segment, partially offset by gains in the Global Capability Centres (GCC) business. However, management remains optimistic about the upcoming quarters, citing volume-led growth with 20,000 open positions, which is expected to support margin expansion, it said. Antique trimmed its earnings per share (EPS) estimates for FY26 and FY27 by 5 per cent and 4 per cent, respectively, due to slower growth and a miss on margins. The brokerage maintained a 'Buy' rating with a revised target price of ₹2,300 per share (earlier Rs 3,000). The company's Q1 performance was slightly muted, impacted by ongoing hiring softness in the banking, financial services, and insurance (BFSI) and IT services sectors, Motilal Oswal said. While near-term demand remains uneven across select verticals, the brokerage remains optimistic on the company's medium- to long-term growth prospects. The brokerage sees TeamLease as a key beneficiary of the ongoing formalisation of India's labour market, supported by liberalisation efforts from both central and state governments. It expects healthy growth and margin recovery to drive a CAGR of 13 per cent in revenue and 28 per cent in earnings over FY25-27.
Business Standard
21 hours ago
- Business
- Business Standard
Team Lease Services consolidated net profit rises 27.66% in the June 2025 quarter
Sales rise 12.08% to Rs 2891.40 croreNet profit of Team Lease Services rose 27.66% to Rs 26.54 crore in the quarter ended June 2025 as against Rs 20.79 crore during the previous quarter ended June 2024. Sales rose 12.08% to Rs 2891.40 crore in the quarter ended June 2025 as against Rs 2579.85 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 12 OPM %1.060.86 -PBDT39.8433.30 20 PBT26.2620.19 30 NP26.5420.79 28 Powered by Capital Market - Live News
News18
a day ago
- Business
- News18
TeamLease Services posts Rs 25 cr profit in Q1
Agency: 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.
Business Upturn
2 days ago
- Business
- Business Upturn
True Establishes Strategic India Hub with New Partner Rituparna Chakraborty
By Business Wire India Published on July 30, 2025, 10:56 IST Business Wire India True, the only tech and data-first global executive talent platform, today announced its office expansion into India with the joining of new partner Rituparna Chakraborty. This move marks a significant milestone for True as they continue to scale their APAC capabilities. India represents both a market of opportunity and a source of world-class leadership talent; Rituparna will help play a defining role in the region's next leadership chapter. A pioneering force in India's staffing and employment landscape, Rituparna co-founded TeamLease Services and played a central role in scaling it into one of the country's largest publicly listed HR services companies. Over the past two decades, she has worked at the intersection of government, business and civil society–advising founders, Fortune 500s, investors, and policymakers–building a track record of business growth, leadership advisory, and policy engagement. 'Rituparna brings a rare combination of entrepreneurial drive, policy fluency, and extensive knowledge of India's talent ecosystem,' said Sam McGrath, GM EMEA & APAC. 'Her expertise is key to True's global vision and our commitment to empower the next generation of leaders emerging from high-growth markets. With India rising as a global hub for innovation and digital transformation, we're thrilled to have Rituparna leading our efforts.' Based in Bangalore, Rituparna will lead the firm's India presence, leveraging True's platform to support Indian companies expanding internationally, multinationals investing in India's talent industry, and Indian leaders ready to operate on a world stage. She will collaborate with True's partners globally to bring opportunities to current and emerging clients. 'This isn't just a new beginning, it's a blank canvas,' said Rituparna Chakraborty. 'India deserves a new narrative when it comes to leadership capital, and I believe True offers the right mix of values, capabilities and vision to help shape that. There's immense opportunity to reimagine what executive talent means in this market, and I'm excited to build, localize and elevate.' ABOUT TRUE True is a global talent management platform renowned for executive search excellence. The sixth largest in its industry, True leverages 10+ years of industry data, market insights, and talent lifecycle expertise to help companies make high-impact talent decisions quickly. Products and services include True Search (retained executive search), TrueBridge (advisory, interim, and fractional executive placement), Thrive (Talent CRM software), True Advance (coaching and assessment), SearchEssentials (tech-enabled hiring services), and AboveBoard (inclusive executive community). True also backs promising companies through investment brands True Equity and Vera Equity. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash Business Wire India, established in 2002, India's premier media distribution company ensures guaranteed media coverage through its network of 30+ cities and top news agencies.
Times of Oman
2 days ago
- Automotive
- Times of Oman
EVs, retail, and tech to drive India's salary boom for FY26: TeamLease Report
New Delhi: India's salary landscape is poised for a transformation in FY 2025-26, with Electric Vehicles (EV), Consumer Durables, and Retail sectors leading the pay hike parade, according to the latest "Jobs and Salaries Primer" report of TeamLease Services. The report, which surveyed 1,308 businesses across 23 industries and 20 cities, identifies EV & EV Infrastructure as the frontrunner, with an average projected salary increment of 11.3 per cent, followed closely by Consumer Durables and Retail at 10.7 per cent each. Non-Banking Financial Companies (NBFCs) are also among the top paymasters, registering 10.4 per cent growth. The report attributes this surge to robust demand in frontline and technical roles. Meanwhile, industries such as Construction, Automotive, Travel & Hospitality, FinTech, and Healthcare Industry will see increments between 8.1 per cent and 9.5 per cent. At the other end of the spectrum, sectors like Manufacturing, Media, BPO, and Educational Services are expected to show restrained salary growth, ranging between 6.2 per cent and 7.9 per cent. Geographically, Pune leads all cities with the highest projected average increment of 10.4 per cent, driven by its concentration of EV, Automotive, and Consumer Durable companies. Mumbai, Hyderabad, Bengaluru, and Gurgaon follow closely, all clocking average hikes above 10 per cent. In terms of functions, Sales & Marketing is expected to top the growth chart with an average increment of 9.9 per cent, followed by Engineering at 9.5 per cent. IT roles are also witnessing consistent growth with 9.2 per cent average hikes, indicating the continued digital transformation across sectors. Significantly, the report highlights a trend of rising salary parity between temporary and permanent positions across several industries, especially in sectors like Insurance, Banking, and Retail. Speaking on the findings, Kartik Narayan, CEO- Staffing, TeamLease Services, said "As new-age industries scale rapidly, demand is shifting toward roles that combine technical capability with immediate business impact. What's equally telling is the upward momentum in blue-collar wages, where even traditionally stable roles like mechanic and material handler are seeing double-digit hikes. We see this shift as a critical signal for employers to align hiring with new growth engines, and for job seekers to upskill toward relevance and resilience." The report emphasized the ongoing shift in India's labor market dynamics, where both digital and core infrastructure sectors are reshaping compensation trends. "Roles that were once seen as support functions are now taking center stage in driving growth," it noted. With India's macroeconomic indicators showing resilience and growth-focused sectors betting big on skilled talent, FY26 is likely to be a year of optimism for job seekers, particularly in high-growth cities and innovation-led industries.
