TeamLease Services Ltd
P&L
Quarterly Consolidated
vs Q3 FY25
TeamLease Reports 20% Topline Growth in FY25 Despite BFSI Headcount Attrition
21 May 2025 · 21 May 2025, 05:02 pm
Summary
TeamLease Services Limited, one of India’s largest staffing companies, announced its results for the fourth quarter (Q4FY25) and for the financial year ending March 31, 2025. Despite a 2% decline in revenue QoQ due to scheduled BFSI headcount attrition, the company maintained a 20% topline growth for the year.
Key Highlights
- 1
Net impact of ~7k headcount on account of scheduled BFSI headcount attrition
- 2
Revenue declined by 2% QoQ but overall maintained 20% topline growth for the year
- 3
EBITDA grew by 37% QoQ, backed by catch up billing in Edtech and inorganic contribution
- 4
Net cash stands at Rs.472cr, including free cash of Rs.310cr
- 5
General Staffing: Telecom
- 6
Degree Apprenticeship (DA): e DAsawa marginal headcount addition for the quarter
- 7
Specialized Staffing: Completed the 80% acquisition in Ikigai Enablers Pte
- 8
HR Services: The catch-up billing for Edtech was completed in Q4FY25
- 9
The integration of TSR Darashaw HR Services and Crystal HR is completed
Management Comments
Mr. Ashok Reddy
Managing Director, TeamLease Services Limited
We closed FY25 with a mixed performance across our business segments. In Staffing, we added approximately 25,000 associates inspite of the headwinds in H2 of FY25 from certain sectors. In IT Services, we made notable gains in operating efficiency and improved our Global Capability Center (GCC) mix. Strategically, we made significant strides to strengthen our service offerings and geographic reach. The acquisition of Ikigai Enablers will bolster our IT staffing footprint in Singapore and the Middle East. Additionally, the integration of TSR Darashaw and Crystal HR positions us to scale our HRTech capabilities more effectively.
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