Team Lease Services Ltd's Q3FY25 Quarter Results
- 30 Jan 2025
Result Summary
- Team Lease Services Ltd reported a 4.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 19.4%.
- Its expenses for the quarter were up by 4.4% QoQ and 19.7% YoY.
- The net profit increased 14.2% QoQ and decreased 8.8% YoY.
- The earnings per share (EPS) of Team Lease Services Ltd stood at 16.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2931.49 | 2807.52 | 2455.37 | 4.4% | 19.4% |
Total Expenses | 2902.93 | 2781.61 | 2425.94 | 4.4% | 19.7% |
Profit Before Tax | 28.56 | 25.91 | 32.94 | 10.2% | -13.3% |
Tax | 0.19 | 1.06 | 1.82 | -82.1% | -89.6% |
Profit After Tax | 28.37 | 24.85 | 31.12 | 14.2% | -8.8% |
Earnings Per Share | 16.90 | 14.70 | 18.50 | 15.0% | -8.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Team Lease Services Ltd is a well-known player in the staffing and human resources services industry within India. The company primarily offers a range of HR services including temporary staffing, permanent recruitment, payroll and compliance outsourcing, training, and skill development. Team Lease has established itself as a significant contributor to the organized employment sector, bridging the gap between talent and employment. As of the latest available data, Team Lease has not disclosed any major developments or changes in its business operations. Information on recent strategic initiatives or expansions is not provided in the current dataset.
Revenue
For the third quarter of fiscal year 2025, Team Lease Services Ltd reported a total income of ₹2931.49 crores. This reflects a quarter-over-quarter (QoQ) increase of 4.4% from ₹2807.52 crores reported in Q2FY25. Year-over-year (YoY), the total income has grown by 19.4% compared to ₹2455.37 crores in Q3FY24. This consistent growth in revenue suggests steady operational performance over the periods. However, detailed insights into the components of revenue, such as contributions from different business segments, are not provided in the available data.
Profitability
The profitability metrics for Team Lease Services Ltd in Q3FY25 show a mixed performance. The company recorded a profit before tax (PBT) of ₹28.56 crores, marking a QoQ increase of 10.2% from ₹25.91 crores in Q2FY25. However, this is a 13.3% decline YoY compared to ₹32.94 crores in Q3FY24. The tax expense for Q3FY25 was significantly lower at ₹0.19 crores, an 82.1% decrease QoQ and an 89.6% reduction YoY, contributing to a profit after tax (PAT) of ₹28.37 crores. This PAT represents a 14.2% QoQ increase but an 8.8% YoY decrease. Earnings per share (EPS) for the quarter stood at ₹16.90, up 15.0% QoQ but down 8.6% YoY.
Operating Metrics
Analyzing the operating metrics, Team Lease Services Ltd's total expenses for Q3FY25 were ₹2902.93 crores, which increased by 4.4% QoQ from ₹2781.61 crores in Q2FY25, and by 19.7% YoY from ₹2425.94 crores in Q3FY24. This rise in expenses corresponds with the revenue growth, maintaining a stable expense-to-income ratio. The overall financial data highlight a consistent trend in controlling operational expenses relative to the growth in income. The provided data does not include specific operating metrics like the number of employees, client acquisition, or other key performance indicators that would typically be used to assess operational efficiency.
