TeamLease Services demonstrated resilience in Q2 with 39% year-on-year EBITDA growth and 12% revenue increase, despite challenges in BFSI and IT sectors. The company added 5,000 headcount across all segments, onboarded 110+ new clients, and saw 11% growth in general staffing revenue. Specialized staffing achieved positive EBITDA from global operations, while the degree apprenticeship segment added 1,700 apprenticeships. Management expects 30% EBITDA growth for upcoming quarters, with signs of recovery in BFSI and consumer sectors.
31Jul 25
TeamLease Sets Ambitious Goal to Become World's Largest Staffing Company
TeamLease Services Limited announced plans to become the world's largest staffing company by workforce. The company's Q1 financial results show a 12% year-on-year increase in total revenue to Rs. 2,904.00 crores, with a 39.1% rise in EBITDA to Rs. 31.00 crores. Operational highlights include a total headcount of 351,000, a 5.8% increase year-on-year. The company's growth strategy focuses on GCC-supported specialized staffing, degree apprenticeships, and digital HR technology. Despite macroeconomic challenges, TeamLease reported growth across its General Staffing, Degree Apprenticeship, and Specialized Staffing segments.
31Jul 25
TeamLease Services Announces Key Leadership Changes: CEO-Staffing Resigns, CFO Takes on Additional COO Role
TeamLease Services Limited has announced significant leadership changes. CEO-Staffing Kartik Narayan has resigned, effective September 11, 2025. CFO Ramani Dathi will take on an expanded role as COO & CFO from August 1, 2025. The company reported strong Q1 FY26 results with total revenue up 12% to Rs 2,904 crores and EBITDA up 39.1% to Rs 31 crores. Total headcount increased by 5.8% to 351,000.
TeamLease Services Limited announced Q1 FY2026 results with 12% YoY revenue growth to Rs. 2,904.00 crores, 39% YoY EBITDA growth to Rs. 31.00 crores, and 29% YoY PAT increase to Rs. 25.00 crores. Total headcount reached 351,000, adding 5,000 employees this quarter. The company faced challenges in BFSI and IT services sectors but saw growth in enterprise clients and tech profiles. Management changes include the resignation of CEO - Staffing and CFO taking on additional COO role. The company maintains a strong financial position with Rs. 300.00 crores net free cash.
TeamLease Services aims to add 40,000 to 45,000 employees in FY26, a significant increase from the expected 27,000 additions in FY25. This represents a growth of 48.15% to 66.67% in headcount expansion. The company's aggressive plan suggests anticipated growth in business and market demand for staffing solutions, potentially indicating positive trends in the Indian job market and staffing industry.
TeamLease Services has reported strong Q4 financial results with a 27% year-on-year increase in net profit to ₹349.60 crore. Revenue grew by 17.5% to ₹2,858.00 crore. EBITDA rose to ₹474.80 crore, with the EBITDA margin expanding to 1.66%. The company's performance demonstrates improved operational efficiency and solid growth in the human resource sector.