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Indian staffing firm Teamlease`s profit drops again as rising costs, IT slowdown bite India's Teamlease Services reported a lower profit for a third straight quarter on Wednesday, on weak demand for its specialised staffing services in the IT industry and as rising costs outweighed growth in its general staffing business. The company, which hires and trains people in various skills before supporting their placements, said consolidated net profit fell 0.5% to 264 million rupees ($3.22 million) in the April-June quarter. Overall revenue rose 15.5% year-on-year to 21.72...
Indian staffing firm Teamlease`s profit drops again as rising costs, IT slowdown bite
Indian staffing firm Teamlease`s profit drops again as rising costs, IT slowdown bite
Source: Reuters
26/07/2023 3:28:25 PM
Buy TeamLease Services Ltd For Target Rs.2,890 - Motilal Oswal Turning positive on attractive valuation and long term growth outlook   The staffing industry remains under-penetrated and is set to deliver consistent growth on account of formalization and the implementation of labor law reforms over the medium term. Due to concerns about growth moderation, especially in the specialized staffing vertical, and margin pressure, the stock has seen significant de-rating (down ~59% from the peak). We expect revenue growth to accelerate to 21% YoY in F...
Buy TeamLease Services Ltd For Target Rs.2,890 - Motilal Oswal
Buy TeamLease Services Ltd For Target Rs.2,890 - Motilal Oswal
Source: Motilal Oswal Financial Services
9/06/2023 4:01:10 PM
Add TeamLease Services Ltd For Target Rs.2847 - ICICI Securities Near-term slowdown in demand, valuations attractive TeamLease Services (TEAM) reported revenue of Rs19.55bn, modest growth of 4% QoQ in Q2FY23. General staffing revenue (Rs17.8bn) growth was soft at 4.7% QoQ led by moderation in headcount addition. General staffing headcount grew 2.6% QoQ and Degree Apprenticeship headcount grew 3.6% QoQ. Degree Apprenticeship business has been impacted by uncertain regulatory environment. Management does not expect significant increase in headcount in thi...
Add TeamLease Services Ltd For Target Rs.2847 - ICICI Securities
Add TeamLease Services Ltd For Target Rs.2847 - ICICI Securities
Source: ICICI Securities Ltd
13/12/2022 12:51:48 PM
Hold TeamLease Services Ltd For Target Rs.2491 - ICICI Direct Cautious outlook for next few quarters… About the stock: TeamLease Ltd (TLL) is one of the leading providers of human resource services in the organised segment with ~6% share in flexi staffing. * Employment services include temporary staffing solutions, IT staffing, regulatory consultancy for labour law compliance and training & skills * Net debt free and healthy double digit RoCE (>14%) key positives Q2FY23 Results: TeamLease reported decent margin numbers. * Re...
Hold TeamLease Services Ltd For Target Rs.2491 - ICICI Direct
Hold TeamLease Services Ltd For Target Rs.2491 - ICICI Direct
Source: ICICI Direct Ltd
12/12/2022 11:16:29 AM
TeamLease Service Q1 net profit up 5.81% at Rs 23.30 cr The company reported standalone net profit of Rs 23.30 crore for the quarter ended June 30, 2022 as compared to Rs 22.02 crore in the same period last year, registering a year-on-year growth of 5.81 per cent. Net revenue of the company rose substantially by 30.27 per cent at Rs 1,616.31 crore in April-June quarter of this fiscal as against Rs 1,240.78 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 31.24 per cent to Rs 1,602.37 crore ...
TeamLease Service Q1 net profit up 5.81% at Rs 23.30 cr
TeamLease Service Q1 net profit up 5.81% at Rs 23.30 cr
Source: Dion Global Solutions Ltd
27/07/2022 3:28:45 PM
TeamLease Service Q4 net profit up 20.37% at Rs 28.48 cr The company reported standalone net profit of Rs 28.48 crore for the quarter ended March 31, 2022 as compared to Rs 23.66 crore in the same period last year, registering a year-on-year growth of 20.37 per cent. Net revenue of the company rose substantially by 24.76 per cent at Rs 1,541.62 crore in January-March quarter of this fiscal as against Rs 1,235.63 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 24.70 per cent to Rs 1,520.3...
TeamLease Service Q4 net profit up 20.37% at Rs 28.48 cr
TeamLease Service Q4 net profit up 20.37% at Rs 28.48 cr
Source: Dion Global Solutions Ltd
18/05/2022 5:06:40 PM
Neutral TeamLease Services Ltd For Target Rs.4320 - Motilal Oswal Valuation factoring in long term growth potential Demand outlook remains favorable, but margin pickup to take time * TEAM delivered a strong operational performance in 2QFY22, with revenue up 10.7% QoQ on broad based growth across all three verticals. It also added 25k associates (record high) in 2Q, benefitting from a strong demand environment as well as seasonality and flow through from a COVID-impacted 1QFY22. EBITDA margin inched up by 10bp QoQ to 2.2% on strong growth in the S...
Neutral TeamLease Services Ltd For Target Rs.4320 - Motilal Oswal
Neutral TeamLease Services Ltd For Target Rs.4320 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/12/2021 10:29:57 AM
Buy TeamLease Services Ltd For Target Rs.5,000 - ICICI Securities Great proxy to play India economic recovery Reorganising the sales team around six key clusters seem to be bearing fruit. In conjunction with the strong pick-up in demand as Covid 2nd wave subsides, Teamlease’s growth outlook sounded unusually upbeat. New logo addition (47) in general staffing was robust – led by verticals like e-commerce, telecom and consumer. Progress on achieving higher fulfilment ratio was encouraging. Commentary around specialized staffing was strong to...
Buy TeamLease Services Ltd For Target Rs.5,000 - ICICI Securities
Buy TeamLease Services Ltd For Target Rs.5,000 - ICICI Securities
Source: ICICI Securities
2/09/2021 12:29:01 PM
Buy TeamLease Services Ltd For Target Rs.4,200 - Motilal Oswal Expect a strong business recovery in FY22 Long term outlook optimistic * TEAM’s operating performance was a beat on our estimates, with total revenue increasing 2.7% QoQ. Revenue growth was led by 17%/22% QoQ growth in Specialized Staffing/Other HR Services, offset by a 1% growth in the General Staffing business. Margin in 1QFY22 inched up by 20bp QoQ to 2.1%, led by strong growth in the Specialized Staffing business and partial reversal in provisions in Other HR Services. It repo...
Buy TeamLease Services Ltd For Target Rs.4,200 - Motilal Oswal
Buy TeamLease Services Ltd For Target Rs.4,200 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
31/08/2021 10:49:23 AM
Buy TeamLease Ltd : Revenues to improve in coming quarters - ICICI Direct Buy TeamLease Ltd For Target Rs.4550 Revenues to improve in coming quarters… About the stock: Teamlease Ltd (TLL) is one of the leading providers of human resource services in the organised segment with ~6% share in flexi staffing. * Employment services include temporary staffing solutions, IT staffing, regulatory consultancy for labour law compliance and training & skills * Net debt free and healthy double digit RoCE (>14%) key positives   Q1FY22 Results:...
Buy TeamLease Ltd : Revenues to improve in coming quarters - ICICI Direct
Buy TeamLease Ltd : Revenues to improve in coming quarters - ICICI Direct
Source: ICICI Direct
21/08/2021 9:56:26 AM
Buy TeamLease Services Ltd For Target Rs. 4,210 - ICICI Securities Downbeat commentary on margins While provision for bad debts had hitherto been a recurring problem, it is comforting to note that, for FY21, most of these provisions were reversed and cash collections were not impacted. Despite good increase in headcount (+5% QoQ), revenue (+6% QoQ) and productivity (from 334 in Dec-20 to 352), normalised general staffing EBITDA margin was largely stagnant. This was driven by the discounts-led pressure on mark-ups, which is likely to continue through FY22....
Buy TeamLease Services Ltd For Target Rs. 4,210 - ICICI Securities
Buy TeamLease Services Ltd For Target Rs. 4,210 - ICICI Securities
Source: ICICI Securities
9/07/2021 10:37:10 AM
Buy TeamLease Services Ltd For Target Rs.4000 - Motilal Oswal Near term impact to be manageable Long term outlook optimistic * TEAM delivered an in line performance in 4QFY21, with total revenue increasing 5% QoQ. Revenue growth was led by the General Staffing business (+5.5% QoQ) – general staffing and NETAP trainee headcount increased by 16k (+8% QoQ). Margin in 4QFY21 were stable, despite an impressive improvement in FTE productivity (352 v/s 334 in 2Q), led by continued customer discounts. It reported an adjusted PAT of INR268m, implying...
Buy TeamLease Services Ltd For Target Rs.4000 - Motilal Oswal
Buy TeamLease Services Ltd For Target Rs.4000 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/06/2021 11:34:48 AM
Buy TeamLease Services Ltd For Target Rs. 4205 - ICICI Direct General staffing revenues surpass pre-Covid levels… TeamLease Services’ (TLS) revenues increased 5.1% QoQ (up 0.8% YoY) mainly led by 5.5% QoQ growth in general staffing and 32.9% QoQ growth in other HR services, partially offset by 3.5% QoQ decline in specialised staffing. EBITDA margins were flat QoQ at 1.9% in Q4FY21 (vs. our expectation of 2.0%). General staffing core to associate ratio also improved from 334 to 352.   Higher outsourcing, formalisation to drive ...
Buy TeamLease Services Ltd For Target Rs. 4205 - ICICI Direct
Buy TeamLease Services Ltd For Target Rs. 4205 - ICICI Direct
Source: ICICI Direct
21/06/2021 11:45:56 AM
Buy Teamlease Services Ltd For Target Rs.3,170 - HDFC Securities Strong rebound Teamlease registered strong recovery in growth (+13% QoQ), while the margin performance was below expectation. A sharp recovery in core staffing (+13.8% QoQ. 91% of revenue) was led by recovery in hiring activity in stressed verticals (Manufacturing and Infra) and strong festive demand (Consumer Durables and BFS). The core staffing headcount jumped 8.5% QoQ, led by core/NETAP additions (+4.8/21.1% QoQ) and have reached pre-COVID levels. Core Staffing margin contracted 17bps ...
Buy Teamlease Services Ltd For Target Rs.3,170 - HDFC Securities
Buy Teamlease Services Ltd For Target Rs.3,170 - HDFC Securities
Source: HDFC Securities Ltd
29/01/2021 11:44:18 AM
Margins remain healthy despite challenging quarter - ICICI Direct Buy Team Lease Ltd For Target Rs.2,840 Margins remain healthy despite challenging quarter… TeamLease Services’ (TLS) results were broadly in line with our expectations. Revenues and margins posted marginal decline QoQ. Revenues declined 0.6% QoQ at | 1,129 crore (vs. our | 1,138 crore estimate) while margins fell 13 bps QoQ to 2.0% (vs. our estimate of 2.1%). General staffing core to associate ratio also improved from 283 to 300.   Revenues to improve in coming ...
Margins remain healthy despite challenging quarter - ICICI Direct
Margins remain healthy despite challenging quarter - ICICI Direct
Source: ICICI Direct
21/01/2021 11:19:17 AM