TeamLease Services Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
TeamLease Services Limited Reports 19% YoY Revenue Growth and 4% QoQ EBITDA Growth in Q3FY25
29 Jan 2025 · 29 Jan 2025, 07:57 pm
Summary
TeamLease Services Limited, one of India’s largest staffing companies, announced its results for Q3FY25 and 9MFY25. The company added ~3k headcount, with revenue growing by 4% QoQ and 19% YoY. EBITDA grew 4% QoQ, and net cash stands at Rs.467cr, including free cash of Rs.310cr. The company announced the acquisition of 80% stake in Ikigai Enablers Pte. Ltd. to expand IT staffing business in Singapore and the Middle East.
Key Highlights
- 1
19% YoY revenue growth and 4% QoQ headcount increase
- 2
EBITDA grew 4% QoQ and net cash stands at Rs.467cr, including free cash of Rs.310cr
- 3
Acquisition of 80% stake in Ikigai Enablers Pte. Ltd. to expand IT staffing business in Singapore and the Middle East
- 4
General Staffing added ~1300 headcount in Q3FY25 and EBITDA in Staffing & Allied services grew 6% QoQ
- 5
Degree Apprenticeship added ~1,900 apprentices in Q3FY25 with trainees with higher education connect growing by 9% QoQ
- 6
Specialized Staffing recorded marginal growth in headcount in the current quarter
- 7
HR Services revenue grew 19% QoQ and 66% YoY, despite profitability getting impacted with delay in university billing and collections
Management Comments
Mr. Ashok Reddy
Managing Director, TeamLease Services Limited
Using our delivery capabilities and existing capacity in India, we are planning to expand sales operations of IT staffing in Singapore and Middle East. Headwinds in BFSI may continue for Staffing business on account of recent regulations issued by RBI. We are poised to drive synergies in HRTech business by integrating our acquisition of TSR Darashaw HR Services and Crystal HR.
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