TeamLease Services announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a Profit After Tax (PAT) of ₹147.1 crore for FY26, marking a 33% increase from ₹110.5 crore in the previous year. For the fourth quarter (Q4FY26), PAT stood at ₹46.0 crore. The board also approved a share buyback proposal worth ₹238 crore at ₹1,600 per share.

Financial Performance

The company achieved a total revenue of ₹11,859 crore for FY26, a 6% year-on-year growth compared to ₹11,201 crore in FY25. EBITDA for the full year rose 14% to ₹158.0 crore, with an EBITDA margin of 1.34%. Profit Before Tax (PBT) grew 36% to ₹155.9 crore. The table below summarizes the key financial metrics:

Operational Highlights

TeamLease reported a headcount of 3,40,600 for FY26, a decrease of 2% from the previous year. The company added 109 new enterprise client logos during Q4FY26. Net free cash stood at ₹600 crore, aided by an income tax refund of ₹143.1 crore. Specialized Staffing delivered strong growth, with gross revenue increasing 13% YoY. EBITDA grew 8% QoQ in Q4FY26, with margins expanding 15 bps over Q3FY26.

Segment Performance

General Staffing added 14 new logos during the quarter, with more than 70% onboarded under the variable engagement model. Degree Apprenticeship added 10 new client logos, with strong momentum in the Global Capability Centre (GCC) segment. Specialized Staffing saw gross revenue grow 2% QoQ and 13% YoY, with EBITDA growing 15% on a full-year basis. The GCC segment contributed over 67% of revenue for Specialized Staffing. HR Services reported an EBITDA margin improvement to 17% for the quarter, driven by EdTech seasonality billing.

Share Buyback Announcement

The board approved a proposal to buy back up to 14,87,500 fully paid-up equity shares, representing 8.87% of the total paid-up capital. The buyback price is fixed at ₹1,600 per share, aggregating to ₹238 crore. The offer represents a premium of 15.37% and 15.58% over the closing prices on the NSE and BSE as of May 8, 2026. The buyback will be conducted via the tender offer route and is subject to shareholder approval. Nuvama Wealth Management Limited has been appointed as the Manager to the Buyback.

teamlease services has approved the re-appointment of three Independent Directors for a second term of five years. The Board of Directors, at its meeting held on May 20, 2026, approved the proposal based on the recommendation of the Nomination and Remuneration Committee. The re-appointments are subject to the approval of the shareholders of the Company.

Details of the Re-appointment

The Directors whose first terms are concluding have been proposed for re-appointment for a fresh tenure of five consecutive years. The specific dates for the commencement of the second term vary for each director.

Brief Profiles of the Directors

The Company provided detailed profiles of the three directors in its regulatory filing. Mr. Mekin Maheshwari is an engineering graduate who previously held key technology and people roles at Flipkart. He founded the Udhyam Learning Foundation and is recognized as a Senior Ashoka Fellow.

Mrs. Meenakshi Nevatia currently serves as the Managing Director of Pfizer Limited. She brings nearly 31 years of experience, having worked with leadership roles at McKinsey & Co., Novartis Pharmaceuticals, and Stryker India Private Limited. She holds an MBA from the Indian Institute of Management, Ahmedabad.

Mr. Somasundaram Subramaniam served as the Chief Financial Officer of Titan Company Limited for a decade until his superannuation in 2021. He is a Chartered Accountant and Cost Accountant with over 40 years of experience in finance and strategy. He currently serves on the boards of several companies including United Breweries Limited and Razorpay Software Limited.

Regulatory Disclosures

The Company confirmed that the directors are not related inter-se to any other Director on the Board. Furthermore, TeamLease Services Limited stated that none of the re-appointed directors are debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority. The intimation was made in compliance with Regulation 30 of the SEBI LODR Regulations, 2015.