India · Delayed Price · Currency is INR TeamLease Services Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY 2026 profit growth was strong despite softer revenue from NBFC insourcing, with EBITDA up 8% sequentially and PBT up 30% year-on-year. The company targets over 20% EBITDA growth in FY 2027, supported by margin expansion in higher-value segments and a robust cash position.
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Q3 FY26 delivered flat revenue but strong EBITDA and PBT growth, despite a 27,000 headcount drop from regulatory-driven client insourcing. Margin expansion was supported by digitization and cost optimization, with all segments expecting recovery and growth in Q4.
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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 addition of 3,000+. BFSI sector weakness is expected to cause a marginal Q4 headcount decline, but normalization is anticipated from Q1 FY26. Recent HR tech acquisitions and international expansion are set to drive future growth.
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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 robust client signups in staffing. EBITDA was impacted by EdTech seasonality and NEEM offboarding, but management expects margin and profit improvement from Q2 FY25 as headwinds subside.