{"id":179629,"date":"2026-02-05T07:07:21","date_gmt":"2026-02-05T12:07:21","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179629"},"modified":"2026-02-05T07:07:24","modified_gmt":"2026-02-05T12:07:24","slug":"team-lease-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/team-lease-q3-fy26-earnings-results\/","title":{"rendered":"Team Lease Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance.<\/p>\n\n\n\n<p>Its major business segments are: General staffing, Specialized staffing, HR Services<\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b93,037 cr, +4% YoY (vs \u20b92,931 cr in Q3 FY25).<\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> \u20b943 cr, +22% YoY; <strong>EBITDA Margin:<\/strong> 1.41% (vs 1.2% in Q3 FY25).<\/li>\n\n\n\n<li><strong>PBT (before exceptional items):<\/strong> \u20b949.1 cr, +72% YoY (exceptional item \u20b95.68 cr due to labour code impact). <\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b942.5 cr, +50% YoY; <strong>PAT Margin:<\/strong> 1.4% (improved vs 1.0% in Q3 FY25).<\/li>\n\n\n\n<li><strong>EPS (Diluted):<\/strong> \u20b925.3 (+47% YoY). <\/li>\n\n\n\n<li><strong>9M FY26 YTD:<\/strong> Total revenue \u20b98,981.5 cr vs \u20b98,332.9 cr YoY; consolidated trend shows revenue and profit expansion. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Operational focus:<\/strong> Management highlighted <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/bf0adaa6-ecf4-4f31-a596-5ecea918b6d8.pdf\" target=\"_blank\" rel=\"noopener\">cost optimisation and digitisation<\/a> initiatives contributing to improved operating leverage and margin expansion, even with headwinds in certain staffing verticals. <\/li>\n\n\n\n<li><strong>Segment dynamics:<\/strong> Specialised staffing saw healthy YoY growth (notably in GCC (Global Capability Centres) segment contributing >65% of revenue), while General Staffing experienced headcount decline due to insourcing by a BFSI client during Q3. <\/li>\n\n\n\n<li><strong>Cash &amp; working capital:<\/strong> TeamLease maintained free cash balance of \u20b9430 cr, aided by an income tax refund of \u20b9106.1 cr, supporting liquidity and strategic flexibility. <\/li>\n\n\n\n<li><strong>Client additions:<\/strong> Company added 107 new logos in Q3 and continues to focus on expanding client footprint and service mix across General, Specialized, EdTech and RegTech services.<\/li>\n\n\n\n<li><strong>Labour code impact:<\/strong> A one-time expense (\u20b95.68 cr) related to the New Labour Codes was recorded during the quarter. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b93,032.07 cr, +8.4% YoY and +5% QoQ, record quarterly revenue.<\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> \u20b938 cr, +15% YoY; <strong>EBITDA Margin:<\/strong> 1.3%.<\/li>\n\n\n\n<li><strong>PBT:<\/strong> \u20b929 cr, +12% YoY; <strong>PBT Margin:<\/strong> 0.96%.<\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b928 cr, +11.9% YoY; <strong>PAT Margin:<\/strong> 0.9%.<\/li>\n\n\n\n<li><strong>EPS:<\/strong> \u20b916.4. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management reported strong revenue scale (highest at that point) and modest margin improvement despite inherent low-margin dynamics of staffing services, particularly noting EBITDA growth (~15% YoY) driven by diversified client demand and improved operating efficiency. <\/li>\n\n\n\n<li><strong>Growth commentary:<\/strong> General staffing saw demand resilience with new client additions, while the GCC-focused approach in specialised staffing helped sustain growth momentum in revenue and profitability. <\/li>\n\n\n\n<li><strong>BFSI sector headwinds<\/strong> persisted in general staffing, but non-BFSI verticals (retail, e-commerce, telecom) remained promising, broadening revenue base. <\/li>\n\n\n\n<li>Management stressed focus on operating leverage and profitability expansion for the remainder of the fiscal year. <\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Team Lease Services provides employment related services. It provides solutions for staffing, recruitment, training, payroll processing and regulatory compliance. Its major business segments are: General staffing, Specialized staffing, HR Services Management Commentary &amp; Strategic Decisions Q2 FY26 Earnings Results Management Commentary Q2 To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;click here&nbsp; to visit [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[13489],"class_list":["post-179629","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-staffing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178309,"url":"https:\/\/alphastreet.com\/india\/quess-corp-q3-fy26-earnings-results\/","url_meta":{"origin":179629,"position":0},"title":"Quess Corp Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 29, 2026","format":false,"excerpt":"Quess Corp Limited (Quess) is India\u2019s leading business services provider, leveraging its extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions. 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