TeamLease Services announces ₹600 crore net free cash and buyback plan

Business Desk — Wed, 20 May 2026 11:29:05 +0000

TeamLease Services Limited, one of India’s prominent staffing companies, has reported its consolidated financial results for the fourth quarter and the fiscal year ending March 31, 2026. The company has announced a significant net free cash position of ₹600 crore and a buyback plan.

In the fourth quarter of FY26, TeamLease reported an 8% quarter-on-quarter growth in EBITDA, amounting to ₹46 crore, despite a 2% decline in total revenue to ₹2,949 crore. Year-on-year, the EBITDA grew by 14%, reflecting improved operating leverage. The profit before tax (PBT) for the quarter increased by 5% sequentially and 30% year-on-year to ₹51.6 crore. The profit after tax (PAT) for the quarter stood at ₹46 crore, marking a 22% increase from the previous year.

The company added 109 new enterprise clients during the quarter, with 24% of gross associates hired being first-time job seekers. TeamLease also received an income tax refund amounting to ₹143.1 crore, which contributed to its net free cash position. The board has approved a buyback of up to 25% of free reserves, utilising existing free cash balances.

In terms of business segments, General Staffing saw the addition of 14 new client logos, with significant headcount growth across sectors. The Degree Apprenticeship segment added 10 new clients, with 30% of associates adopting integrated learning solutions. Specialized Staffing reported a 13% year-on-year revenue growth, with the GCC segment contributing over 67% of revenue.

Ms. Suparna Mitra, Managing Director & CEO of TeamLease Services, highlighted the disciplined execution throughout FY26, focusing on accelerating profitable growth and deepening client relationships.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Suparna Mitra | Business Upturn

TeamLease Services announces ₹600 crore net free cash and buyback plan