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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
Updated On : 06 Nov 2024 | 9:25 PM IST

Bengaluru holds 36% of GCCs, Hyderabad excels in high-tech at 45%: Report

Bengaluru remains the top hub for GCCs, while Hyderabad leads in high-tech, driving the nation's digital transformation

Bengaluru holds 36% of GCCs, Hyderabad excels in high-tech at 45%: Report
Updated On : 23 Sep 2024 | 3:18 PM IST

Ecom export hubs expected to create up to 2.75 lakh additional jobs: Report

The expansion plan is poised to transform the logistics sector, which is currently experiencing a 12 per cent annual growth rate, said the study

Ecom export hubs expected to create up to 2.75 lakh additional jobs: Report
Updated On : 29 Aug 2024 | 10:01 PM IST

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
Updated On : 31 Jul 2024 | 5:00 PM IST

Genpact partners with TeamLease to hire over 5,000 graduate apprentices

TeamLease Degree Apprenticeship (TLDA) on Monday said it has joined hands with global professional services and solutions firm Genpact under which the latter will employ over 5,000 graduate apprentices through the Ministry of Education apprenticeship programme. Apprenticeships have emerged as indispensable talent supply chain interventions across various industries, specifically in the last 4-5 years. However, the skill deficit of 3.85 million is a looming threat that IT and BPM businesses must address as a matter of importance, TeamLease Degree Apprenticeship Vice-President Dhriti Prasanna Mahanta said in a statement. "In collaboration with Genpact, who will employ 5,000 graduate apprentices, we are committed to bridging the skill gap that will provide aspiring professionals with practical, hands-on training and supervision, ensuring they flourish in a tough environment and build successful careers," he added.

Genpact partners with TeamLease to hire over 5,000 graduate apprentices
Updated On : 06 May 2024 | 5:48 PM IST

Women in tech workforce in GCCs to rise to 35% by 2027: TeamLease report

The TeamLease report highlights a significant gender disparity, with an estimated 2.05 million women compared to 3.61 million men in the tech industry as of 2024

Women in tech workforce in GCCs to rise to 35% by 2027: TeamLease report
Updated On : 17 Apr 2024 | 3:40 PM IST

6x rise in demand for women apprentices in manufacturing sector: TeamLease

Auto, electronics sectors have become gender-agnostic in apprentices' recruitment for the shop floor: TeamLease

6x rise in demand for women apprentices in manufacturing sector: TeamLease
Updated On : 18 Feb 2024 | 9:58 PM IST

AI adoption in healthcare to create almost 3 mn jobs by 2028: Report

Demand will be for data scientists, developers and cybersecurity specialists, it says

AI adoption in healthcare to create almost 3 mn jobs by 2028: Report
Updated On : 30 Jan 2024 | 4:55 PM IST

62% educators in India use GenAI to enhance educational delivery: Teamlease

The study carries insights from 6,313 educators, including primary school teachers, high school instructors, college professors, and educational professionals across the country

62% educators in India use GenAI to enhance educational delivery: Teamlease
Updated On : 28 Jan 2024 | 6:41 PM IST

IIT-P, TeamLease Edtech, and NSDC join hands to improve employability

Under the collaboration, the institutions will provide the option of Work-linked Hybrid Degree Programs to every student who aspires to graduate from IIT Patna

IIT-P, TeamLease Edtech, and NSDC join hands to improve employability
Updated On : 27 Dec 2023 | 4:59 PM IST

High staff churn in India's financial sector to persist in FY24: TeamLease

"The demand for salespeople (selling personal, home, agriculture and other loans) is huge," said CEO for staffing at TeamLease

High staff churn in India's financial sector to persist in FY24: TeamLease
Updated On : 28 Nov 2023 | 11:21 PM IST

India ranked 5th for green skill intensity in 2022: TeamLease report

The study underlined India's pledge to reach a 500 GW clean energy goal by 2030 that has resulted in an 81 per cent YoY surge in demand for green jobs in January 2023

India ranked 5th for green skill intensity in 2022: TeamLease report
Updated On : 09 Nov 2023 | 3:15 PM IST

Indian auto sector to see 70-80% rise in demand for apprentices: Report

The anticipated boom in apprentice recruitment can be attributed to the auto sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments

Indian auto sector to see 70-80% rise in demand for apprentices: Report
Updated On : 18 Sep 2023 | 3:59 PM IST
Updated On : 28 Aug 2023 | 12:17 PM IST

Festive demand to see addition of 50,000 temporary jobs in BFSI: TeamLease

The second half of the ongoing calendar year is expected to see an addition of about 50,000 temporary jobs in the banking, financial services and insurance (BFSI) sectors ahead of the festive season, according to a report by staffing company TeamLease Services. The BFSI sector is already witnessing a remarkable surge in credit card sales, personal finance, retail insurance, driven by increased consumer spending and confidence in the economy, according to the report. "This increased activity is anticipated to generate about 50,000 temporary jobs in the second half of 2023, as BFSI firms are set to increase their workforce to meet the surge in finance products," it added. The TeamLease analysis is based on current market demand, industry job openings and the larger market or industry sentiment. From the BFSI sector's perspective, the demand for temporary workers during the festive season has shown a consistent rise not only in tier-I cities like Ahmedabad, Pune, Bengaluru and Kolkata

Festive demand to see addition of 50,000 temporary jobs in BFSI: TeamLease
Updated On : 16 Aug 2023 | 8:53 PM IST

Hiring for fresh talent rises 3% in HY23, shows job market optimism: Study

Hiring intent for all categories of jobseekers increased to 73%: TeamLease

Hiring for fresh talent rises 3% in HY23, shows job market optimism: Study
Updated On : 08 Aug 2023 | 10:44 PM IST

700,000 new gig jobs to come up between July and December: TeamLease

The upcoming festive season is expected to push demand on e-commerce platforms which will boost their need for gig workers like delivery and warehousing partners

700,000 new gig jobs to come up between July and December: TeamLease
Updated On : 01 Aug 2023 | 1:15 PM IST

Teamlease sees drop in profit again as rising costs, IT slowdown bite

The company, which hires and trains people in various skills before supporting their placements, said consolidated net profit fell 0.5% to 264 million rupees ($3.22 million) in the April-June quarter

Teamlease sees drop in profit again as rising costs, IT slowdown bite
Updated On : 26 Jul 2023 | 4:12 PM IST

5G subscribers in India likely to jump over 2,000% in next 5 years: Report

Most companies, however, believe that employees will have to be upskilled and re-skilled to fully leverage the 5G technology: TeamLease Services

5G subscribers in India likely to jump over 2,000% in next 5 years: Report
Updated On : 14 Jun 2023 | 4:13 PM IST

TeamLease co-founder & executive director Rituparna Chakraborty steps down

However, she said that post her break she will continue to be focused on creating more formal jobs

TeamLease co-founder & executive director Rituparna Chakraborty steps down
Updated On : 01 Jun 2023 | 10:51 PM IST