Teamlease Services

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 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 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

Sunil Chemmankotil to step down as CEO of TeamLease Digital Pvt Ltd

Neeti Sharma would be the new CEO of TeamLease Digital with effect from March 26

Intent to hire freshers improves by 6% for first half of 2024: Report

Intent to hire freshers in the first half of this year has improved by 6 per cent compared to the same period a year ago, as employers' confidence grows in the country, a report said on Tuesday. There is an increase of 6 per cent for the first half of 2024 compared to H1 of 2023 for freshers' hiring in India, TeamLease EdTech's Career Outlook Report HY1 (January-June) report said. "Employers played the conservative card for some time now and hiring had slowed down amidst global turmoil. However, our recent report reveals employer confidence in India's growth story. "Organisations are more confident about their future paths, which reflects in their high confidence to recruit fresh talent and strengthen their talent pool," TeamLease EdTech founder and CEO Shantanu Rooj said. The TeamLease EdTech's Career Outlook Report HY1 (January-June) report is based on a survey among 377 freshers and 149 employers conducted during July-September 2023. The report further revealed that the top thr

TeamLease Q3 results: Profit rises 7% on strong general staffing business

Overall consolidated revenue from operations rose nearly 22% to 24.45 billion rupees

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

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

Average salary in e-commerce, tech start-ups at a five-year low: Report

The average salary in the hospitality sector also fell to a five-year low in FY22: TeamLease report

PLI schemes will drive job creation in next two years: TeamLease report

60% of employers in survey express hiring intent; pharma has the highest positive hiring sentiment (68%) followed by white goods (67%) and textile products (62%)

Near-term headwinds likely to keep staffing solution companies muted

But valuations have turned attractive after sharp corrections since January

Rajasthan the top beneficiary of EPFO-linked central job scheme

The government had launched ABRY to incentivise employers for creation of new jobs and restoration of retrenched workers during Covid-19

TeamLease Services plunges 18%, hits two-year low on margin concerns

The management said that the headwinds in the IT industry have started impacting the specialized staffing growth and may continue for a while

'Salary in certain sectors to reach pre-pandemic level by fiscal-end'

Salary level in certain sectors are expected to be restored to the pre-pandemic mark by the end of this financial year aided by the recovery in economic activities, according to TeamLease HRTech CEO Sumit Sabharwal said. Hit by the pandemic, organisations across sectors resorted to pay cuts and layoffs to reduce their labour costs, Sabharwal told PTI. "After analysis of data from our client base, we found that the workers in the formal sector witnessed a 3.6 per cent wage cut while informal workers experienced a much sharper fall at 22.6 per cent. The pandemic has shown us the importance of the format sector in the economy," he noted. He said, as normalcy returned and the economy gradually recovered companies began giving increments that helped in narrowing the salary gap to the 2019 level. However, there is still a little gap of around 7-14 per cent from the 2019 wage level in certain sectors. "We expect the recovery to reach the 2019 level by the end of this financial year," he .

TeamLease Services surges 11% as hiring intent highest in Q3

The company said hiring intent has touched its zenith mark at 41 per cent in October-December quarter

TeamLease Services posts net loss of Rs 49 crore for Sept quarter

The leading staffing firm on Friday reported a net loss

TeamLease Services shares close nearly 6% higher after Q4 earnings

Shares of staffing company TeamLease Services on Wednesday jumped nearly 6 per cent after the firm reported a consolidated profit after tax (PAT) of Rs 19.64 crore for the quarter ended March 2021.

TeamLease Services posts consolidated fourth quarter profit of Rs 19.64 cr

Revenue from operations went up marginally by 1 per cent

TeamLease Services rallies 17%, hits new high post March quarter results

The company said that its general staffing is back to pre-Covid levels of headcount and has surpassed pre-Covid revenue run rate

Covid-19 impact: Ed-Tech boom may create more opportunities for women

Teamlease Services alone has seen ed-tech companies post more than 20,000 jobs on the job portal in the last three months