TEAMLEASE SERVICES LTD.

TeamLease Services Limited reported consolidated revenue of INR 3,056 crores for Q1 FY27, reflecting a 6% year-on-year increase and a 4% sequential rise. Both profit before tax (PBT) and profit after tax (PAT) grew by 38% year-on-year, reaching INR 36 crores and INR 34 crores, respectively. The management noted an 18% year-on-year growth in business EBITDA, although there was a 31% sequential decline attributed to EdTech seasonality and annual appraisals. The company added 127 new client logos and completed a buyback of INR 238 crores. Management highlighted structural tailwinds from the implementation of new labor codes and the growth of global capability centers (GCCs), which now represent a significant portion of their specialized staffing revenue. The management expressed confidence in maintaining a healthy pipeline and emphasized a focus on execution and cost control to drive operating leverage.

The management provided a balanced overview of growth and challenges faced during the quarter.