TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
TeamLease: Meeting(s) scheduled with Institutional Investors/Research Analysts07-12-2023
07-12-2023
TeamLease Services Ltd - 539658 - Teamlease: Dispatch Of Postal Ballot Notice
TeamLease: Dispatch of Postal Ballot Notice07-12-2023
TeamLease Services Ltd - 539658 - Teamlease - Intimation On Submission Of Application To BSE Limited And National Stock Exchange Of India Limited, For Reclassification Of Holding(S), From 'Promoter Group' Category To 'Public' Category
TeamLease - Intimation on submission of application to BSE Limited and National Stock Exchange of India Limited, for Reclassification of holding(s), from ''Promoter Group" category to "Public" category04-12-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
TeamLease: Transcript of Q2FY24 Earnings Call15-11-2023
Buy TeamLease; target of Rs 3105: Motilal Oswal
Motilal Oswal is bullish on TeamLease recommended buy rating on the stock with a target price of Rs 3105 in its research report dated November 08, 2023.14-11-2023
TeamLease Services Ltd - 539658 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Asset Mutual Fund13-11-2023
TeamLease Services Ltd - 539658 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mirae Aseet Mutual Fund13-11-2023
How festive hiring helps workers find more permanent jobs
With Diwali just around the corner, V Nivedita talks to Kartik Narayan, CEO - Staffing, TeamLease Services Ltd, to about festive hiringand the factors that influence it.10-11-2023
TeamLease Services Ltd - 539658 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
TeamLease: Audio Recording of Q2FY24 Earnings Call09-11-2023
Q2FY24 Quarterly Result Announced for TeamLease Services Ltd.
Miscellaneous Commercial Services company TeamLease Services announced Q2FY24 results: 1. Financial Performance: - TeamLease Services reported a total revenue of Rs 2,286 crore in Q2FY24, showing a growth of 5% compared to Q1FY24. - The operating revenue for Q2FY24 stood at Rs 2,273 crore, with a QoQ growth of 5%. - The company's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) for Q2FY24 was Rs 32 crore, with an EBITDA margin of 1.4%. 2. Profitability: - TeamLease recorded a profit before tax (PBT) of Rs 29 crore in Q2FY24, showing a growth of 14% compared to Q2FY23. - The PBT margin for the same period was 1.3%. - The company's profit after tax (PAT) margin stood at 1.2% in Q2FY24. 3. Market Presence: - TeamLease added 122 new clients during Q2FY24, expanding its market presence. - The company's total headcount crossed 3 lakhs, indicating a strong positioning in the staffing industry. - TeamLease's specialized staffing division sustained revenues and profits despite headwinds in the IT industry. 4. General Staffing: - TeamLease added approximately 28,000 net headcount in the general staffing division in H1FY24, taking the total billable headcount to around 2.51 lakhs. - The staffing revenue grew by 5% QoQ and 20% YoY, driven by the BFSI (Banking, Financial Services, and Insurance) and Consumer verticals. 5. Degree Apprenticeship: - The trainee headcount for the Degree Apprenticeship division showed net positive growth in the months of August and September 2023, driven by the National Apprenticeship Promotion Scheme and Work Integrated Learning Program. - TeamLease expects the attrition of NEEM (National Employability Enhancement Mission) trainees to be completed by Q4FY24. 6. HR Services: - The HR Services division of TeamLease witnessed a revenue growth of 27% QoQ and 20% YoY. - The company introduced Digivarsity, a Multi-Employer, Multi University platform, in the Edtech segment to help students make informed career decisions. Ashok Reddy, Managing Director, TeamLease Services commenting on the quarterly results said, “Staffing outlook has been positive on the back of strong hiring trends across all non-IT industry verticals. We have added over 28,000 net headcounts in Staffing in the first half of the year, aided by festive demand in Q2. Measures taken toward cost optimization, hiring, and sales restructuring helped us accelerate revenues and profitability. With strong leadership teams built across all business units, we are confident of maintaining growth momentum into the future. Uncertainty in IT staffing outlook continues.” Result PDF08-11-2023