TeamLease Services reported a 4% year-over-year increase in revenue for Q3 FY26, reaching ₹3,036.7 crore. The company’s net profit saw a substantial rise of 50%, driven by interest credit on tax refunds. Despite a headcount reduction of approximately 27,000, EBITDA grew by 11% sequentially. The firm added 107 new logos during the quarter, indicating continued business expansion. Net free cash stands at ₹430 crore.
Q3 FY26 Financial Highlights
TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658) announced its Q3 FY26 results, showcasing notable financial performance:
- Total Revenue: ₹3,036.7 crore (4% YoY increase)
- EBITDA: ₹42.5 crore (22% YoY increase)
- PBT: ₹49.1 crore (69% QoQ increase)
- Profit After Tax: ₹42.5 crore (50% YoY increase)
- EPS: ₹25.3
Segmental Performance
The company experienced varied performance across its segments:
- General Staffing: Faced a headcount reduction but continues to add new logos. 22 new logos were added, with over 55% under the variable model.
- Degree Apprenticeship: Headcount impacted by insourcing within the BFSI sector. 17 new logos were added.
- Specialized Staffing: Gross revenue increased by 2% QoQ and 30% YoY. The GCC segment contributes over 65% of revenue.
Key Business Updates
Other important developments include:
- The company received an Income Tax refund for AY 2024-25 amounting to ₹106.1 crore.
- Headcount decreased by approximately 27,000 due to insourcing by a BFSI client.
Management Commentary
Mr. Ashok Reddy, Executive Vice Chairman & Whole-Time Director, TeamLease Services Limited, noted that digitization and cost optimization initiatives are consistently contributing to operating leverage. He anticipates that the full impact of BFSI headcount loss will be absorbed by Q1 FY27.
Source: BSE
