TeamLease Services Limited , one of India's leading staffing companies, has announced its financial results for the first quarter of fiscal year 2026, demonstrating resilience in the face of sector-specific headwinds. The company reported significant year-on-year growth in key financial metrics, while also unveiling changes in its senior management.

Financial Highlights

For the quarter ended June 30, 2025, TeamLease Services posted the following consolidated results:

• Total revenue increased by 12% year-on-year to Rs. 2,904.00 crores
• EBITDA grew by 39% year-on-year to Rs. 31.00 crores
• Profit after tax (PAT) rose by 29% year-on-year to Rs. 25.00 crores

However, on a sequential basis, the company experienced a decline in profitability:

• EBITDA decreased by 35% quarter-on-quarter
• PAT fell by 34% compared to the previous quarter

Operational Performance

Despite challenges in the BFSI and IT services sectors, TeamLease demonstrated growth in its workforce:

• Total headcount reached 351,000, adding approximately 5,000 employees during the quarter
• Year-on-year increase of 19,000 associates
• General Staffing contributed 295,270 headcount with 11% revenue growth year-on-year
• Specialized Staffing added 110 net employees

The company's client base also expanded, with 118 new logos added during the quarter.

Management Commentary

Ashok Reddy, Managing Director of TeamLease Services Limited, commented on the results: "Despite persistent macro-economic headwinds affecting the BFSI and IT services verticals, we have delivered notable EBITDA growth on a year-on-year basis. Resilient demand from enterprise clients and tech profiles in Non-tech companies and Global Capability Centers, have helped sustain the growth momentum."

Reddy added, "With a sharp focus on operational efficiency, diversified service mix and financial discipline, we are gearing up for a steady profit expansion trajectory for the remainder of the fiscal year and delivering value to all stakeholders across business cycles."

Segment Performance

Management Changes

TeamLease Services also announced significant changes in its senior management:

1. Mr. Kartik Narayan, Chief Executive Officer - Staffing, has resigned effective September 11, 2025, to pursue new opportunities outside the company.

2. Ms. Ramani Dathi, currently serving as Chief Financial Officer, will take on the additional role of Chief Operating Officer effective August 1, 2025.

Financial Position

The company maintains a strong financial position with net free cash of Rs. 300.00 crores, excluding TDS refundable of approximately Rs. 300.00 crores.

As TeamLease Services navigates through sector-specific challenges, its focus on operational efficiency and diversified service mix appears to be yielding positive results. The company's ability to grow its workforce and expand its client base in a challenging environment demonstrates its resilience and market position in India's staffing industry.

TeamLease Services , a prominent player in India's staffing and human resource services sector, has unveiled ambitious plans for significant workforce expansion in the coming fiscal year.

Projected Headcount Growth

The company has announced its intention to add between 40,000 to 45,000 employees to its headcount in the fiscal year 2026 (FY26). This projection marks a substantial increase compared to the current fiscal year 2025 (FY25), where the company is expected to add approximately 27,000 employees.

Accelerated Growth Trajectory

The projected increase in headcount addition for FY26 represents a remarkable growth of 48.15% to 66.67% compared to FY25. This aggressive expansion plan suggests that TeamLease Services is positioning itself for substantial business growth and increased market demand for its staffing solutions.

Implications for the Staffing Industry

TeamLease's projections could be indicative of broader positive trends in the Indian job market and the staffing industry. The company's confidence in significantly scaling up its workforce may reflect expectations of increased demand for flexible staffing solutions across various sectors of the Indian economy.

Company Overview

TeamLease Services is known for providing a wide range of HR services, including temporary staffing, permanent recruitment, and payroll processing. The company's expansion plans underscore its commitment to meeting the evolving needs of businesses in India's dynamic job market.

As the staffing industry continues to play a crucial role in India's employment landscape, TeamLease's projected growth could have far-reaching implications for both job seekers and employers seeking flexible workforce solutions.

Investors and industry observers will likely keep a close watch on TeamLease's performance in the coming quarters to see how these ambitious expansion plans materialize and impact the company's financial results.