Transcript of Q1 FY26 Earnings Call
TEAMLEASE · price
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TeamLease reported a strong Q1 FY26 with group-level net headcount addition of about 5,000 and over 110 new client logos across its three businesses (General Staffing, Specialized Staffing, Degree Apprenticeship). Group revenue grew 12% year-on-year and EBITDA grew 39% year-on-year (34% excluding inorganic contribution), with PBT and PAT both up around 30% YoY. General staffing added 3,000+ net headcount with 11% revenue growth, while Specialized Staffing added 115 resources, with GCC clients contributing ~46% of headcount and 64% of net revenue. The company holds Rs. 310 crore in free cash, group DSO of 17 days, and continues to see recovery signs in NBFCs and consumer verticals for Q2. Global business (Singapore, UAE) contributed Rs. 14 crore in gross revenue and Rs. 1 crore in net revenue.
Positive for shareholders as management guided for sustained 30%+ EBITDA growth for the remaining quarters, specialized staffing margins to recover to 7-7.2% by year-end, and HR Tech to turn EBITDA positive by mid-next year. Strong cash position and improving operating leverage from fixed cost absorption should support continued profit expansion despite sectoral headwinds in BFSI and IT.