Mirae Asset Mutual Fund Increases Stake in TeamLease Services to 7.84% Through Open Market Purchase

1 min read Updated on 27 Feb 2026, 02:56 PM

Reviewed by

Naman SScanX News Team

Overview

Mirae Asset Mutual Fund increased its stake in TeamLease Services Ltd. to 7.84% by acquiring 160,000 shares through open market purchases on February 26, 2026. The fund's holding rose from 1,154,018 shares (6.88%) to 1,314,018 shares (7.84%), representing a 0.95 percentage point increase. The transaction triggered mandatory SEBI disclosure requirements, with the company maintaining its total equity share capital at 16,768,900 shares across NSE and BSE listings.

*this image is generated using AI for illustrative purposes only.

Mirae Asset Mutual Fund has disclosed a significant increase in its shareholding in TeamLease Services Ltd., raising its stake to 7.84% through an open market acquisition completed on February 26, 2026. The transaction involved the purchase of 160,000 shares, triggering mandatory disclosure requirements under SEBI's substantial acquisition regulations.

Shareholding Details

The mutual fund's acquisition represents a notable increase in its investment position in the human resources services company. Prior to this transaction, Mirae Asset Mutual Fund held 1,154,018 shares, representing 6.88% of TeamLease Services' total share capital.

Parameter:	Before Acquisition	After Acquisition	Change
Number of Shares:	1,154,018	1,314,018	+160,000
Percentage Holding:	6.88%	7.84%	+0.95%
Total Share Capital:	16,768,900	16,768,900	Unchanged

Transaction Structure

The acquisition was executed through open market purchases, indicating that Mirae Asset Mutual Fund acquired the shares through regular stock exchange transactions rather than through private deals or block transactions. The fund is not associated with TeamLease Services' promoter group, maintaining its status as an independent institutional investor.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates public disclosure when an entity's shareholding crosses certain thresholds. Mirae Asset Investment Managers (India) Private Limited, through Head of Compliance, Legal and Company Secretary Rimmi Jain, submitted the required documentation to both NSE and BSE on February 27, 2026.

Market Presence

TeamLease Services Ltd. maintains its listing status on both the National Stock Exchange of India Ltd. and BSE Ltd. The company's total equity share capital of 16,768,900 shares remained unchanged following this transaction, with the diluted share capital also maintaining the same figure, indicating no outstanding convertible securities or warrants.

This acquisition reflects Mirae Asset Mutual Fund's continued confidence in TeamLease Services' business prospects and represents a strategic increase in its investment allocation to the human resources sector.

Historical Stock Returns for Teamlease Services

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.04%	-8.03%	-13.74%	-32.26%	-35.66%	-64.18%

Teamlease Services

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TeamLease Services Q3FY26 Results: Revenue ₹3,037Cr, Net Profit Surges 50% YoY

2 min read Updated on 04 Feb 2026, 02:49 PM

Reviewed by

Jubin VScanX News Team

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Overview

TeamLease Services delivered robust Q3FY26 performance with consolidated revenue of ₹3,036.7 crores and net profit jumping 50% year-on-year to ₹42.5 crores. The company demonstrated strong operational efficiency with EBITDA growing 22% to ₹42.5 crores and improved margins despite facing headcount challenges from BFSI client insourcing activities. Nine-month revenue reached ₹8,981.5 crores with 8% growth, while the company maintains strong cash position of ₹430 crores and added 107 new client logos during the quarter.

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TeamLease Services has delivered strong financial performance in Q3FY26, reporting consolidated revenue of ₹3,036.7 crores and net profit of ₹42.5 crores, marking a significant 50% year-on-year increase. The company demonstrated robust operational efficiency with EBITDA growing 22% to ₹42.5 crores despite facing headcount challenges in certain segments.

Q3FY26 Financial Performance Overview

The company's third quarter results showcase substantial improvements across key financial metrics:

Financial Metric:	Q3FY26	Q3FY25	YoY Growth
Total Revenue:	₹3,036.7 crores	₹2,931.5 crores	+4%
Operating Revenue:	₹3,013.0 crores	₹2,921.3 crores	+3%
EBITDA:	₹42.5 crores	₹34.9 crores	+22%
EBITDA Margin:	1.41%	1.20%	+21 bps
Net Profit:	₹42.5 crores	₹28.4 crores	+50%
PAT Margin:	1.40%	1.00%	+40 bps
EPS:	₹25.30	₹17.00	+49%

Segment-wise Performance Analysis

TeamLease's diversified business model showed mixed performance across segments during Q3FY26. General Staffing faced headcount challenges due to client insourcing activities, while Specialized Staffing demonstrated strong growth momentum:

Business Segment:	Revenue Growth	Key Highlights
General Staffing:	Impacted by BFSI insourcing	22 new logos added, 55% under variable model
Specialized Staffing:	+30% YoY, +2% QoQ	115 net additions, serves 100+ GCC clients
Degree Apprenticeship:	Affected by BFSI segment	17 new logos, 30% adopted learning solutions
HR Services:	Seasonal improvement	7% EBITDA margin, managing 3.5 lakh records

Headcount and Operational Metrics

The company's total headcount stood at 335,165 in Q3FY26, representing a 5% year-on-year decline from 353,500 in Q3FY25. The reduction was primarily attributed to insourcing activities by a BFSI client, resulting in a 7% quarter-on-quarter decline. However, Specialized Staffing showed positive momentum with 115 net additions during the quarter:

Headcount Segment:	Q3FY26	Q3FY25	YoY Change
General Staffing:	282,000	299,600	-6%
Degree Apprenticeship:	46,000	47,200	-3%
Specialized Staffing:	7,165	6,700	+7%
Total Headcount:	335,165	353,500	-5%

Nine-Month Performance and Strategic Outlook

For the nine-month period ending Q3FY26, TeamLease achieved total revenue of ₹8,981.5 crores compared to ₹8,332.9 crores in the corresponding period last year, representing 8% growth. The company's EBITDA for the nine-month period reached ₹111.9 crores, showing a robust 24% year-on-year increase from ₹90.6 crores.

The company added 107 new client logos during the quarter and maintains a strong cash position of ₹430 crores following an income tax refund of ₹106.1 crores. Executive Vice Chairman Ashok Reddy noted that digitization and cost optimization initiatives continue contributing to operating leverage, with the full impact of BFSI headcount reduction expected to be absorbed by Q1FY27.

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