TeamLease Services Limited Q4’FY25 Results and Completion of term of Independent Directors and changes in Board Composition
TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658), one of India’s largest staffing companies, today announced its results for the fourth quarter (Q4FY25) and for the financial year ending March 31, 2025.
Highlights of Q4FY25:
* At the group level, net impact of ~7k headcount on account of scheduled BFSI headcount attrition. As a result, revenue declined by 2% QoQ but overall maintained 20% topline growth for the year.
* EBITDA grew by 37% QoQ, backed by catch up billing in Edtech and inorganic contribution.
* Net cash stands at Rs.472cr, including free cash of Rs.310cr.
* General Staffing:
* ~25,000 associates got added in general staffing during the year largely led by Consumer and Telecom.
* EBITDA in Staffing & Allied services was flat on account of DA NEEM headcount attrition impact in H1 and in H2 on account of flat headcount addition.
* Degree Apprenticeship (DA):
* DA saw a marginal headcount addition for the quarter.
* 34% of the total trainee base is covered under the learning program.
* Specialized Staffing:
* Completed the 80% acquisition in Ikigai Enablers Pte. Renamed the Company to TeamLease Digital Singapore Pte Ltd.
* GCC now accounts for 60% of the total specialized Staffing revenue and 40% in terms of the headcount.
* HR Services:
* The catch-up billing for Edtech was completed in Q4FY25, which led to a sharp recovery in the profits.
* The integration of TSR Darashaw HR Services and Crystal HR is completed and contributed ~Rs.1cr in EBITDA for Q4FY25.
Management Comment
Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, We closed FY25 with a mixed performance across our business segments. In Staffing, we added approximately 25,000 associates inspite of the headwinds in H2 of FY25 from certain sectors. In IT Services, we made notable gains in operating efficiency and improved our Global Capability Center (GCC) mix. Strategically, we made significant strides to strengthen our service offerings and geographic reach. The acquisition of Ikigai Enablers will bolster our IT staffing footprint in Singapore and the Middle East. Additionally, the integration of TSR Darashaw and Crystal HR positions us to scale our HRTech capabilities more effectively.
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