Bengaluru, India - TeamLease Services Limited (NSE: TEAM LEASE, BSE: 539658), one of India’s largest staffing companies, today announced its results for the first quarter (Q1FY22) of the financial year ending March 31, 2022.
Summary of Consolidated financial results:
(all numbers in Rupees’ Crores except headcount & margins)
Particulars |
Q1FY22 |
Q1FY21 |
YoY |
Q4FY21 |
QoQ |
Headcount # |
2,26,000 |
1,88,610 |
20% |
2,28,150 |
-1% |
|
|
|
|
|
|
Total Revenue |
1,381.3 |
1,140.55 |
21% |
1,349.8 |
2% |
Operating Revenue |
1,376.8 |
1,136.45 |
21% |
1,340.5 |
3% |
EBITDA (before exceptional) |
29.5 |
24.3 |
21% |
26.0 |
14% |
EBITDA margin |
2.1% |
2.1% |
|
1.9% |
|
PBT (before exceptional) |
24.0 |
17.6 |
36% |
25.4 |
-5% |
PBT margin |
1.7% |
1.5% |
|
1.9% |
|
PBT (after exceptional) * |
26.6 |
17.6 |
51% |
25.4 |
5% |
Profit After Tax |
26.9 |
17.1 |
57% |
19.6 |
37% |
PAT margin |
2.0% |
1.5% |
|
1.5% |
|
EPS (Basic and Diluted) - Rs. |
15.7 |
10.0 |
57% |
11.5 |
37% |
* Net impact of exceptional items to the tune of Rs. 2.6cr in Q1FY22.
Highlights of Q1FY22 performance:
Management Comment
Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, “We have managed to sustain our headcount during the second wave across all of our employment businesses. We believe the market opportunity rebounds post Covid and we would drive for aggressive growth through headcount addition. Our operating margin has reached pre-Covid levels, and we continue to focus on margin expansion. In our endeavor to the highest standards of corporate governance and board effectiveness, we are moving to a non-executive chairman and expanding our board with diverse independent directors.”
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