Latest news with #TeamLeaseServicesLtd
Business Standard
26-05-2025
- Business
- Business Standard
Balkrishna Industries Ltd leads losers in 'A' group
Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Balkrishna Industries Ltd tumbled 6.16% to Rs 2496 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 5408 shares in the past one month. Thomas Cook (India) Ltd lost 5.45% to Rs 158.75. The stock was the second biggest loser in 'A' the BSE, 78825 shares were traded on the counter so far as against the average daily volumes of 97614 shares in the past one month. Team Lease Services Ltd crashed 5.08% to Rs 1990.65. The stock was the third biggest loser in 'A' the BSE, 1226 shares were traded on the counter so far as against the average daily volumes of 4551 shares in the past one month. Sarda Energy & Minerals Ltd dropped 4.75% to Rs 447.1. The stock was the fourth biggest loser in 'A' the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 38081 shares in the past one month. Eternal Ltd slipped 4.19% to Rs 227.5. The stock was the fifth biggest loser in 'A' the BSE, 29.37 lakh shares were traded on the counter so far as against the average daily volumes of 17.96 lakh shares in the past one month.
Yahoo
31-01-2025
- Business
- Yahoo
TeamLease Services Ltd (BOM:539658) Q3 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Revenue Growth: 4% quarter-on-quarter and 19% year-on-year increase. EBITDA Growth: 4% quarter-on-quarter growth. Net Headcount Addition: 3,000-plus headcount added. Gross Revenue: 20% year-on-year increase and 4% sequential growth. Profit After Tax: 14% growth between Q3 and Q2. Staffing EBITDA Growth: 5% quarter-on-quarter growth. Associate Growth: 34,500 associates added in 9 months versus 27,000 last year. Free Cash: INR 310 crore as of December 31, 2024. EdTech EBITDA: Expected to maintain 6% to 7% for the year. Inorganic Contribution: INR 1.1 crore in Q4 FY '25 EBITDA from acquisitions. Warning! GuruFocus has detected 4 Warning Signs with BOM:539658. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. TeamLease Services Ltd (BOM:539658) reported a 4% quarter-on-quarter and 19% year-on-year increase in revenue, indicating strong growth momentum. The company achieved a net addition of 1,300-plus associates in Q3, contributing to a year-to-date net incremental associate growth of over 32,600. Specialized staffing showed positive net headcount growth for the first time in several quarters, driven by expansion within existing customers and cost-saving initiatives. TeamLease Services Ltd (BOM:539658) made strategic investments in TSR Darashaw and Wallet HR, enhancing their HR Tech platform offerings and expanding their client base. The company reported a 14% increase in profit after tax between Q3 and Q2, driven by productivity enhancements in employment cluster businesses. Growth in staffing was muted this quarter due to seasonality and challenges in the BFSI sector, impacting headcount growth. The profitability of HR services was affected by delays in admission cycles and downstream payment delays, although a catch-up is expected in Q4. The consumer, retail, and e-commerce sectors experienced a sharper than usual manpower attrition due to inflation and subdued customer sentiment. Manufacturing and telecom sectors saw low single-digit growth, limiting their impact on overall numbers. The IT services industry continues to face cautious hiring, impacting specialized staffing despite some positive signs from GCCs. Q: How is the headcount pressure in the BFSI sector expected to impact hiring in Q4? A: Kartik Narayan, CEO of Staffing, explained that the BFSI sector is experiencing a slowdown due to RBI guidelines and higher NPAs in microfinance, leading to flat or reduced hiring. Ashok Nedurumalli, MD and CEO, added that while Q3 saw a net addition of 1,300 resources, Q4 might see a marginal decline in headcount due to BFSI pressures. Q: What is the outlook for general staffing margins, considering recent trends? A: Ashok Nedurumalli noted that while salary hikes impact net margins, the focus remains on maintaining PAPM levels and exploring value-added services to clients. Ramani Dathi, CFO, emphasized the focus on absolute profit improvement despite margin pressures. Q: Can you elaborate on the strategy behind international expansion in specialized staffing? A: Ashok Nedurumalli stated that the expansion into Singapore and the Middle East through the Ikigai partnership is complementary to existing operations, driven by client demand for delivery in these regions. The focus remains on leveraging existing capabilities without diverting from the domestic market. Q: How will the new HR platform acquisitions impact the company's strategy and margins? A: Ashok Nedurumalli explained that the acquisitions of TSR Darashaw and Crystal HR are complementary to existing HR Tech services, enhancing the product offering and client base. Ramani Dathi added that these acquisitions are expected to contribute to a 6-7% EBITDA margin in the HR Tech vertical over the next 12 months. Q: What is the impact of potential changes in labor codes on the company's financials? A: Ashok Nedurumalli clarified that while an increase in minimum wages would be a pass-through to clients, it could affect percentage margins due to fixed PAPM models. However, absolute EBITDA would remain stable. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
