TeamLease Reports Q3FY26 Financial Results: EBITDA Grew by 11% Sequentially, PBT by 69%

TeamLease Services Limited, one of India’s largest staffing companies, announced its results for the third quarter (Q3FY26) and nine months (9MFY26) of the financial year ending March 31, 2026. The company reported a 4% increase in total revenue and an 8% increase in operating revenue compared to the same period last year. EBITDA grew by 11% sequentially and 22% year-over-year, while PBT grew by 69% sequentially, primarily driven by interest credit on tax refunds. The company lost approximately 27,000 headcount during the quarter, largely impacting the BFSI segment across General Staffing and Degree Apprenticeship business. The company added 107 new logos during the quarter and received an Income Tax refund of Rs.106.1 crore, resulting in net free cash of Rs.430 crore.