TeamLease Services Limited has announced its consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported a Profit after Tax of ₹26 crore for Q2FY27, a decrease of 7% year-on-year. Total consolidated revenue for the quarter stood at ₹3,086 crore, a 2% increase YoY. The results also include an independent auditor’s review report and detailed segment performance.
TeamLease Services Limited Announces Q2FY27 Financial Results
TeamLease Services Limited, a leading people supply chain company, today announced its consolidated financial results for the second quarter (Q2FY27) and half year (H1FY27) of the financial year ending March 31, 2027. The company reported a consolidated Profit after Tax of ₹26 crore for Q2FY27, marking a 7% decrease compared to the same period last year. Total consolidated revenue for the quarter reached ₹3,086 crore, an increase of 2% year-on-year.
Financial Highlights
For the quarter ended September 30, 2026:
- Total Revenue: ₹3,086 crore (YoY +2%)
- Revenue from Operations: ₹3,076 crore (YoY +2%)
- Operating EBITDA: ₹44 crore (YoY +5%)
- Profit before Tax: ₹30 crore (YoY +2%)
- Profit after Tax: ₹26 crore (YoY -7%)
- EPS (basic): ₹15
For the half year ended September 30, 2026:
- Total Revenue: ₹6,142 crore (YoY +4%)
- Revenue from Operations: ₹6,111 crore (YoY +4%)
- Operating EBITDA: ₹82 crore (YoY +11%)
- Profit before Tax: ₹66 crore (YoY +19%)
- Profit after Tax: ₹60 crore (YoY +14%)
- EPS (basic): ₹36
Key Business Updates
The company highlighted several key developments during the quarter:
- Total revenue grew 1% QoQ and 4% H1YOY.
- Operating EBITDA grew 17% QoQ and 11% H1YOY.
- Added 114 new client logos across all businesses during the quarter.
- Completed the divestment of 30% in Crystal HR with no loss on capital investment.
- Net free cash stood at approximately ₹350 crore after the buyback outflow.
Segment Performance
General Staffing saw 32 new logos added, with 30% of hires being first-time job seekers. Degree Apprenticeship added 13 new client logos. Specialised Staffing revenue grew 1% QoQ and 18% H1YOY, with EBITDA growing 15% sequentially. HR Services revenue grew 15% QoQ on account of EdTech.
Independent Auditor’s Review
The accompanying standalone and consolidated financial results have been reviewed by the statutory auditors, S.R. Batliboi & Associates LLP. The reports indicate that based on their review, nothing has come to their attention that causes them to believe that the accompanying statements are not free of material misstatement and are in compliance with the applicable accounting standards and regulations.
Source: BSE
