India · Delayed Price · Currency is INR TeamLease Services Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw flat revenue but strong EBITDA and PBT growth, despite a regulatory-driven headcount drop. Cost optimization, digitization, and segment diversification supported margin expansion, with a positive outlook for Q4 and ongoing board review of capital allocation.
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Q2 FY26 delivered 5% revenue and 24% EBITDA growth, with strong headcount additions and new client wins. Sectoral recovery is underway, especially in BFSI and consumer, while policy changes and operational investments are set to drive future growth.
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Group revenue grew 12% and EBITDA rose 39% year-on-year, with strong headcount additions and new client wins across all business segments. Management expects continued profit expansion, positive sectoral momentum, and margin improvement in the coming quarters.
Fiscal Year 2025
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Revenue grew 20% year-over-year with strong headcount additions in general staffing, but sectoral headwinds in BFSI and IT services tempered profit growth. Specialized staffing improved margins via GCC focus, and acquisitions expanded global reach. Profit growth is expected to align with revenue in FY26.
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Revenue grew 4% sequentially and 19% year-on-year, with EBITDA up 4% and net headcount additions despite BFSI sector headwinds. Specialized Staffing returned to growth, HR Tech and EdTech acquisitions are expected to boost margins, and Q4 will see EdTech-driven profit catch-up.
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Q2 FY25 saw robust headcount and revenue growth, with strong client additions and improved profitability in specialized staffing. Cautious BFSI outlook may mute Q3, but telecom, consumer, and EdTech segments remain growth drivers. Investments in digital and hiring platforms aim to boost future margins.
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Revenue grew 6% sequentially and 19% year-on-year, with strong headcount additions and sectoral growth in telecom and consumer segments. EBITDA was impacted by EdTech seasonality and appraisals, but margin and profit expansion are expected from Q2 as headwinds subside.