TeamLease Services Limited , one of India's leading staffing companies, has announced its financial results for the second quarter, showcasing robust growth across key metrics.

Financial Highlights

The company reported a consolidated net profit of ₹27.84 crore for Q2, marking an 11.9% increase from ₹24.85 crore in the same quarter last year. This growth was supported by a strong performance across various business segments.

Operational Performance

TeamLease Services demonstrated strong operational growth during the quarter:

• Total headcount reached 362,000, a 3% increase year-over-year
• General Staffing headcount grew to 303,350, up 2% from the previous year
• Degree Apprenticeship program saw a significant 14% growth, reaching 51,600 apprentices
• Specialized Staffing increased by 6% to 7,050 employees

Segment-wise Performance

General Staffing

• Revenue grew by 4% quarter-on-quarter
• 37 new client logos added, with over 65% under the variable model
• 23% of Q2's net headcount came from new client acquisitions
• 23% of gross associates hired were first-time job seekers

Degree Apprenticeship (DA)

• Net addition of 2,600 headcount in Q2
• 19 new logos added during the quarter
• 31% of total associates have fully adopted learning solutions

Specialized Staffing

• Gross revenue increased by 8% quarter-on-quarter and 28% year-on-year
• Organic year-on-year growth stood at 17%
• 320 net additions, including 25 from Singapore operations
• GCC (Gulf Cooperation Council) segment contributed over 60% of net revenue

HR Services

• Achieved breakeven EBITDA for the quarter, driven by EdTech billing improvements
• Managing over 3.5 lakh monthly records in the HCM (Human Capital Management) business

Management Commentary

Ashok Reddy, Managing Director of TeamLease Services Limited, commented on the results: "We had an overall decent quarter with 11,000 net adds and 24% QoQ growth in EBITDA. Our GCC-focused approach in Specialized Staffing with diversified product offerings has helped with growth momentum in both revenues and profits. While BFSI headwinds in general staffing persist, contributions from retail, e-commerce, consumer, and telecom verticals are promising. We are confident of expanding the overall EBITDA for the year with continued focus on growth and operating leverage."

Future Outlook

TeamLease Services appears well-positioned for continued growth, leveraging its diverse service offerings and strong market presence. The company's focus on specialized staffing, particularly in the GCC region, and its growing apprenticeship program are expected to be key drivers of future performance. However, investors should note the potential challenges in the BFSI sector, which may impact the general staffing segment.

As TeamLease Services continues to expand its client base and diversify its service offerings, it remains a significant player in India's evolving human resource solutions landscape.

In a significant development for India's skill development sector, Singapore Prime Minister Wong has announced support for India's skill development initiatives, including the establishment of state-level centers. This news has put the spotlight on TeamLease Services , a key player in India's skill development landscape.

Singapore's Support for India's Skill Development

Singapore Prime Minister Wong's pledge of support for India's skill development initiatives marks a notable step in strengthening bilateral cooperation in this crucial sector. The announcement includes backing for the establishment of state-level centers, which could potentially accelerate India's efforts to enhance its workforce skills and employability.

Implications for TeamLease Services

TeamLease Services, a prominent company in India's skill development and staffing sector, could potentially benefit from this international support. As a leading player in providing human resource services, including temporary staffing, permanent recruitment, and regulatory compliance management, TeamLease is well-positioned to contribute to and potentially benefit from enhanced skill development initiatives.

Recent Corporate Action

While the impact of Singapore's support on TeamLease Services remains to be seen, the company has recently undergone a significant corporate action. According to the latest Listing Obligations and Disclosure Requirements (LODR) filing:

• Hansini Management Consultant Private Limited, a promoter of TeamLease Services, has released 84,050 pledged equity shares.
• The release of pledged shares occurred on August 12, 2025.
• Post this event, Hansini Management Consultant Private Limited holds 131,442 shares, representing 0.78% of the total share capital.
• The pledged shares were initially held by Kotak Mahindra Bank Limited as security for a loan against property amounting to ₹22.00 crore.

Potential Implications

The release of pledged shares by a promoter entity could be seen as a positive sign, potentially indicating improved financial flexibility or confidence in the company's prospects. However, it's important to note that this corporate action is not directly related to the announced Singapore-India skill development cooperation.

As India continues to focus on skill development to harness its demographic dividend, companies like TeamLease Services may find themselves at the forefront of implementing and benefiting from such initiatives. The support from Singapore could potentially open up new avenues for collaboration and growth in the skill development sector.

Investors and industry observers will be keenly watching how TeamLease Services and other players in the skill development sector capitalize on this potential opportunity and contribute to India's skill development landscape.