Published on 29/01/2019 5:00:51 PM | Source: Dion Global Solutions Ltd.

TeamLease Service Q3 net profit jumps 40.78% at Rs 25.34 cr

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The company reported standalone net profit of Rs 25.34 crore for the quarter ended December 31, 2018 as compared to Rs 18.00 crore in the same period last year, registering a year-on-year growth of 40.78 per cent. Net revenue of the company rose substantially by 26.89 per cent at Rs 1,090.42 crore in October-December quarter of this fiscal as against Rs 859.35 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 26.39 per cent to Rs 1,070.88 crore from Rs 847.27 crore in year ago period.

Other Income dipped by 3.62 per cent at Rs 6.39 crore versus (Dec'17 Rs 6.63 crore). Operating Profit surged by 61.75 per cent to Rs 19.54 crore as against Rs 12.08 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.95 per cent in December quarter. Interest grew by 56.67 per cent y-o-y to Rs 0.47 crore, while Taxation decreased by 20.00 per cent at Rs -0.36 crore (Dec'17 Rs -0.45 crore).