TeamLease Services Limited delivered a solid performance in Q3, reporting strong growth in profitability along with steady revenue expansion. The company’s results highlight improved operating efficiency and better margin management during the quarter.
For the quarter under review, TeamLease reported a 46.8% YoY rise in net profit, which stood at ₹41.7 crore, compared with ₹28.4 crore in the corresponding quarter last year. The sharp increase in bottom-line performance was supported by higher EBITDA and improved margins, reflecting tighter cost control and operational leverage.
Revenue for Q3 grew by 3% YoY to ₹3,013 crore, up from ₹2,921.3 crore in the same period last year. While topline growth remained moderate, the company was able to translate this into stronger profitability through better execution and efficiency gains.
EBITDA registered a healthy 21.8% YoY growth, rising to ₹42.4 crore from ₹34.8 crore last year. As a result, EBITDA margin improved to 1.4%, compared with 1.2% in the year-ago quarter, indicating gradual margin expansion despite a competitive operating environment.
