Team Lease Services Ltd News
TeamLease slips 11%; hits lowest level in CY 2024 post Q2 results
The management expects Q3 to be muted as the BFSI sector is expected to face certain headwinds on account of the new RBI regulations, ICICI Securities said in a note
 "TeamLease slips 11%; hits lowest level in CY 2024 post Q2 results")
TeamLease Services Q2FY25 results: PAT falls 10.12% to Rs 24.85 cr
Staffing company TeamLease Services on Wednesday reported a 10.12 per cent decline in consolidated net profit to Rs 24.85 crore for the quarter ending September 2024. The company's net profit stood at Rs 27.65 crore during the corresponding period of the previous financial year, TeamLease Services said in a regulatory filing. Its revenue from operations rose 23 per cent to Rs 2,796.83 crore in the quarter under review compared to Rs 2,272.60 crore a year ago. "We have crossed 3.5 lakh billable headcount in our employment cluster owing to strong growth across sectors. Profit expansion is the key focus area this year, and we are confident of maintaining strong double-digit growth in the sequential profits. "Our planned investments in Hiretech and Hrtech solutions, through organic and inorganic routes, will give us enhanced capabilities in the coming quarters," TeamLease Services Managing Director Ashok Reddy said. The company's shares on Wednesday closed at Rs 2,841.35, up 5.36 per
 "TeamLease Services Q2FY25 results: PAT falls 10.12% to Rs 24.85 cr")
TeamLease Q1 results: Net profit drops 21.3% to Rs 20.79 cr on weak demand
Revenue from its specialised IT staffing services business climbed 3.6 per cent, whereas that from its general staffing business rose 20 per cent
 "TeamLease Q1 results: Net profit drops 21.3% to Rs 20.79 cr on weak demand")
