TeamLease Services Limited announced its Q3 FY26 financial results. The company reported a sequential EBITDA growth of 11% and a PBT growth of 69%. General Staffing saw a 7% QoQ decline due to insourcing, while Specialized Staffing added 115 net additions. The company maintained a free cash balance of ₹430cr.
Financial Performance Highlights
In Q3 FY26, TeamLease Services Limited showcased significant financial improvements:
- EBITDA grew by 11% on a sequential basis.
- Profit Before Tax (PBT) increased significantly by 69% compared to the previous quarter.
Segment Performance
A detailed look at the performance of various segments reveals:
- General Staffing experienced a headcount decline of 7% QoQ due to insourcing by a BFSI client.
- Specialized Staffing demonstrated growth with 115 net additions during the quarter.
- HR Services achieved 7% EBITDA for the quarter, benefiting from EdTech seasonality billing.
Key Operational Metrics
The company also achieved the following operationally:
- Managed over 3.5 lakhs monthly records in the HCM business.
- Added 107 new logos during the quarter, expanding the client base.
- Maintained a strong free cash balance of ₹430cr as of the reporting date.
Consolidated Financial Overview
The consolidated financial performance for Q3 FY26 compared to Q3 FY25 shows:
- Total Revenue increased by 4%, reaching ₹2,931 crore.
- EBITDA saw a significant increase of 22%.
- Profit after Tax (PAT) increased by 50%.
Segment-Wise Revenue
A segment-wise breakdown of revenue demonstrates:
- General Staffing and Allied Services revenue at ₹2,755 crore.
- Specialized Staffing Services revenue at ₹195 crore, up 33% YoY.
Source: BSE
