TeamLease Services Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
TeamLease Reports Q3FY26 Financial Results: EBITDA Grew by 11% Sequentially, PBT by 69%
04 Feb 2026 · 4 Feb, 3:08 pm
Summary
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.
Key Highlights
- 1
EBITDA grew by 11% on a sequential basis and 22% on YoY
- 2
PBT grew by 69% on a sequential basis, primarily driven by interest credit on tax refunds
- 3
Lost ~27k headcount during the quarter, largely impacting the BFSI segment across General Staffing and Degree Apprenticeship business
- 4
107 new logos were added during the quarter
- 5
The company received an Income Tax refund for AY 2024-25 amounting to Rs.106.1 crore, which includes interest of Rs.10.1 crore
- 6
DSO of 7 days and funding exposure of 14% stayed consistent with prior year
- 7
Gross revenue grew by 2% on QoQ and 30% on a YoY basis in Specialized Staffing
- 8
EBITDA % improved to 7% for the quarter because of EdTech seasonality billing in HR Services
Management Comments
Mr. Ashok Reddy
Executive Vice Chairman & Whole-Time Director, TeamLease Services Limited
Our initiatives on digitization and cost optimization have been consistently contributing to operating leverage. Despite general slowness in the economy, our new logo acquisition is stable, including the GCC wins. Our YTD EBITDA grew 24% YoY setting a strong base for the future. Full impact of BFSI headcount loss will be absorbed by Q1FY27.
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