TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
TeamLease: Meeting(s) scheduled with Institutional Investors/Research Analysts dated August 18, 202311-08-2023
11-08-2023
Festive season sales: E-commerce industry to create 7 lakh gig jobs in H2 2023, says TeamLease
Festive season sale: The e-commerce sector currently has around 2,00,000 open positions for temporary workers. These jobs are primarily available in last mile delivery space and warehouse operations.01-08-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
TeamLease: Transcript for Q1FY24 Earnings Call28-07-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
TeamLease - Audio Recording of Q1FY24 Earnings Call27-07-2023
Q1FY24 Quarterly Result Announced for TeamLease Services Ltd.
Miscellaneous Commercial Services company TeamLease Services announced Q1FY24 results: Q1FY24 vs Q1FY23: Headcount: 2,87,820 vs 2,94,907, down 2% YoY Total Revenue: Rs 2,186 crore vs Rs 1,892 crore, up 16% YoY Operating Revenue: Rs 2,172 crore vs Rs 1,879 crore, up 16% YoY EBITDA: Rs 26 crore vs Rs 25 crore, up 4% YoY EBITDA Margin: 1.2% vs 1.3% PBT: Rs 26 crore vs Rs 28 crore, down 7% YoY PBT Margin: 1.2% vs 1.5% PAT: Rs 26 crore vs Rs 27 crore, down 3% YoY PAT Margin: 1.2% vs 1.4% At the group level, revenue grew 7% QoQ and 16% YoY. The drop in sequential EBITDA is on account of NEEM headcount loss, seasonality in Edtech, and core employee annual hikes. We have added net ~13k headcount in Q1FY24 taking the total billable headcount to ~2.37 lakhs. Staffing revenue grew 8% QoQ and 18% YoY. Trainee headcount dropped by ~8k in Q1FY24 on account of the discontinuance of the NEEM program. We expect balance trainees to attrite by Q3FY24. Despite headwinds in the IT industry, we have sustained revenues and profits with a diversified portfolio of captives and services companies. Seasonality in the EdTech business has impacted the revenues and profits of the segment for Q1FY24. During Q1FY24, we received an income tax refund of Rs 36 crore including Rs 6 crore of interest. Outstanding income tax refund is Rs 230 crore and cash balance is Rs 311 crore as of Q1FY24. Ashok Reddy, Managing Director, TeamLease Services commenting on the quarterly results said, “With our improved sales and hiring capabilities, general staffing business is on a strong growth trajectory driven by headcount addition on both new and existing clients. We expect DA business to turn net positive on headcount movement by the end of Q2 and continue the growth momentum thereon. Margin pressure continues on account of reduced contribution from Specialized staffing and DA business, coupled with PAPM pressure in Staffing” Result PDF26-07-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Investor Presentation
TeamLease: Investor Presentation on Financial Results for Q1''FY2426-07-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
TeamLease: Press Release pertaining to the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 202326-07-2023
TeamLease Services Ltd - 539658 - Teamlease: Un-Audited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30, 2023
TeamLease: Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 202326-07-2023
TeamLease Services Ltd - 539658 - Board Meeting Outcome for Teamlease: Outcome Of Q1'FY24 Board Meeting Held On July 26, 2023
TeamLease: Outcome of Q1'FY24 Board Meeting held on July 26, 202326-07-2023
TeamLease Services Ltd - 539658 - Board Meeting Outcome for Teamlease: Outcome Of Q1'FY24 Board Meeting Held On July 26, 2023
TeamLease: Outcome of Q1'FY24 Board Meeting held on July 26, 202326-07-2023