TeamLease Q1FY27 Results: Revenue Up 6% YoY to ₹3,056 Cr, PAT Grows 38% YoY to ₹34 Cr
TeamLease Services reported Q1FY27 results with revenue at ₹3,056 Cr (up 6% YoY) and PAT at ₹34 Cr (up 38% YoY). The company completed a ₹238 Cr buyback in July 2026. Specialized Staffing revenue grew 21% YoY, driven by GCC demand. New MD & CEO Suparna Mitra took charge.
The results show a solid year-on-year growth in key financial metrics and strategic business developments like the buyback and segment performance driven by GCCs. This indicates a positive but not transformative impact on the company's overall standing.
The company reported strong year-on-year growth in revenue and PAT, along with positive business highlights like a completed buyback and growth in specialized staffing driven by GCCs, indicating a positive financial performance and strategic direction.
TeamLease Services Limited announced its financial results for the first quarter of FY27 (Q1FY27), reporting a consolidated total revenue of ₹3,056 crore, marking a 6% year-on-year (YoY) increase and a 4% quarter-on-quarter (QoQ) rise. The company's Profit After Tax (PAT) surged by 38% YoY to ₹34 crore, while Profit Before Tax (PBT) also grew by 38% YoY to ₹36 crore. EBITDA stood at ₹32 crore, a 3% YoY increase, though it saw a 31% decrease QoQ. The EBITDA margin was reported at 1.05%, down 3 basis points YoY and 52 basis points QoQ.
Key business highlights include a completed buyback of ₹238 crore in July 2026, involving 14.87 lakh shares at ₹1,600 per share. The company reported a net free cash of ₹350 crore as of the quarter-end, supported by a ₹38 crore income-tax refund. Business EBITDA grew 18% YoY, primarily driven by specialized staffing and operational efficiencies. The Regtech business is showing positive signs and is expected to contribute meaningfully to the bottom line.
In terms of segment performance, General Staffing and Allied Services revenue increased by 5% YoY to ₹2,797 crore, with an EBITDA margin of 1.0%. Specialised Staffing Services revenue grew by 21% YoY to ₹188 crore, maintaining a strong EBITDA margin of 6.2%. Other HR Services revenue saw a 12% YoY increase to ₹50 crore, though it reported a negative EBITDA of ₹2 crore.
The company highlighted the impact of the four Labour Codes, noting that the formalization thesis favors organized players like TeamLease. The growth in Global Capability Centres (GCCs) is identified as a significant driver of incremental staffing demand, with specialized staffing revenue from GCCs contributing 67% to the segment's revenue. TeamLease added 127 new logos in Q1FY27, with 4,000+ employers served across the group. A total of 75,000 gross hires were made in the quarter.
Ms. Suparna Mitra recently took charge as the new MD & CEO in 2026. The company also announced the divestment of a 30% stake in Crystal HR as part of portfolio rationalization.
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