TeamLease Services Q4 net up 34% at Rs 9 cr

Total operating revenue up 25% y-o-y to Rs 664 crore

HR service provider TeamLease Services posted a 34.4 per cent rise in the net profit for the fourth quarter ended March 31, 2016 as compared to same quarter previous fiscal. The net profit of the company stood at Rs 9.14 crore for Q4 as compared to Rs 6.8 crore posted in Q4 of FY15.

The total operating revenue was Rs 664.18 crore in Q4 of FY16 as compared to Rs 529.35 crore which was an increase of 25.5 per cent on a year-on-year basis.

Ashok Reddy, Managing Director, TeamLease Services Limited said, "We have witnessed another good year with a revenue growth of 25 per cent, consistent with our past track record. This growth has been driven by robust performances across all verticals. We continue to believe in the large addressable market opportunities and towards that, have made considerable investments during the year in technology, people and leadership to harness the future potential."

During FY16, the company had a net increase in associate headcount by over 14,000 on an opening balance of 94,647 associate headcount. Average mark-up per associate per month increased by 7 per cent from Rs 642 in FY15 to Rs. 687 in FY16. Their total client base increased from 1,200+ in FY15 to 1,400+ in FY16 spreading across all industries and verticals.