Teamlease stock up 7.5% on robust Q3 earnings
Teamlease management said sectors such as IT, healthcare and pharma, education, e-commerce and startups have the highest intent to hire. Among metros, Bangalore and Chennai are emerging as important hiring markets with demand in metros and tier-I cities improving
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Investor Presentation
TeamLease: Investor Presentation on Financial Results for Q3FY22 Q3FY22 Quarterly Result Announced for TeamLease Services Ltd.
Special Consumer services company TeamLease Services declares Q3FY22 result: General Staffing: headcount up by 24% on YoY basis and 9% on QoQ basis with highest ever quarterly net addition of 15K+ associates. Revenue up 38% YoY and 17% on QoQ basis. PAPM has gone up from Rs. 712 in Q2FY22 to Rs. 726 in Q3FY22. Core to Associate ratio improved to 387. IT Staffing: headcount up by 28% on YoY basis and 5% on QoQ basis. Revenue up 34% YoY with a net addition of 400 associates in Q3FY22. Seasonal impact in Q3FY22 on account of mandatory furlough. Degree Apprenticeship (NETAP): headcount up by 44% on YoY basis and 9% on QoQ basis. QoQ PBT has improved both in terms of absolute value and margin. Operating cash flow conversion to EBITDA is 85% for 9MFY22. We continue to remain debt free with staffing funding exposure at 14%. In line with our plan to build adjacencies in HRTech space, we’ve made key leadership onboardings in the quarter: Sundar PD, with over two decades of experience primarily in consumer digital businesses, has joined us to head the HireTech business (FW.com & TL.com). Sundar holds B.Tech from IIT Kharagpur & PGDM from IIM, Ahmedabad. He has worked with Quikr, Hindu group of publications, Citibank and Sulekha in the past. Sumit Sabharwal has joined us to head Digital Workforce Solutions, a new business unit we are carving out under HR services. Sumit is a B. Tech and an MBA in Marketing from MDI, Gurgaon. He was the Managing Director & CEO of Excelity Global (AON Hewitt) and has led large Business Units for corporates like Godrej Group, HDFC Bank, Essar Aegis, OCS Group and Equifax Global. Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, “Our industry focused approach in sales and hiring helped us deliver volume growth and drive margin expansion at an overall portfolio level. We continue to make organic investments in talent, technology, and brand over the next few quarters to strengthen our strategy for volume, price, and productivity. We will drive on creating adjacencies through incubation and by exploring M&A; opportunities.” Result PDF 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 December 31, 2021 TeamLease Services Ltd - 539658 - Teamlease: Un-Audited Financial Results (Standalone And Consolidated) For The Quarter Ended December 31, 2021
TeamLease: Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended December 31, 2021 TeamLease Services Ltd - 539658 - Board Meeting Outcome for Teamlease: Outcome Of Board Meeting Held On January 25, 2022
TeamLease: Outcome of Board Meeting held on January 25, 2022 TeamLease Services Ltd - 539658 - Revised Disclosure Of Related Party Transactions For The Half Year Ended September 30, 2021
Pursuant to Regulation 23(9) of the Securities and Exchange Board of India LODR Regulations 2015, please find enclosed revised disclosure of Related Party Transactions on a consolidated basis for the half year ended September 30, 2021. The said revised disclosure is also being made available on the website of the Company. The disclosure of Related Party Transactions on a consolidated basis for the half year ended 30th September 2021 was originally made on December 01, 2021, however few Related Party Transactions were skipped to be made part of the said disclosure by oversight. The same is now rectified. Please take the same to your records and oblige. TeamLease Services Ltd - 539658 - Revised Disclosure Of Related Party Transactions For The Half Year Ended September 30, 2021
Pursuant to Regulation 23(9) of the Securities and Exchange Board of India LODR Regulations 2015, please find enclosed revised disclosure of Related Party Transactions on a consolidated basis for the half year ended September 30, 2021. The said revised disclosure is also being made available on the website of the Company. The disclosure of Related Party Transactions on a consolidated basis for the half year ended 30th September 2021 was originally made on December 01, 2021, however few Related Party Transactions were skipped to be made part of the said disclosure by oversight. The same is now rectified. Please take the same to your records and oblige.
COVID-19 impact | Industries may soon experience manpower shortage: Teamlease Report
About 850 companies in 21 sectors have plans to hire blue-collar workers over the next three months, but are facing difficulty sourcing labour, as per the report.