TeamLease Services Ltd — earnings calls

TeamLease reported consolidated Q1 FY27 revenue of INR3,056 crores, up 6% year-on-year and 4% sequentially, with PBT and PAT both growing 38% year-on-year to INR36 crores and INR34 crores respectively. Management attributed a 31% sequential decline in EBITDA to EdTech seasonality and the annual appraisal cycle, while business EBITDA excluding corporate costs grew 18% year-on-year led by specialized staffing and HR services. The company completed a INR238 crores buyback funded from internal accruals and disclosed a Board decision to exercise a put option to divest its 30% stake in Crystal HR.

TeamLease reported Q4 FY26 operating revenue of Rs 2,925 crore, down 2% sequentially, mainly due to the full-quarter impact of an NBFC client in-sourcing that had been flagged in the previous quarter. EBITDA grew 8% sequentially and PBT grew 30% year-on-year for the quarter, while for the full year EBITDA grew 14%, PBT grew 36% and EPS came in at Rs 83, up 28% over the prior year. The Board approved a buyback of up to 25% of free reserves at Rs 1,600 per share, and management outlined a planned exit of about 10,000 headcount across staffing and Degree Apprenticeship businesses in Q1 and Q2 of FY27.