Key Financial Figures - Consolidated Results

Income Statement (₹ in Crores):

  • Revenue from operations: ₹3,034.69 (Q1 FY27) vs ₹2,869.36 (Q1 FY26) - 6% YoY growth
  • Total income: ₹3,056.20 (Q1 FY27) vs ₹2,881.99 (Q1 FY26)
  • Employee benefits expense: ₹2,904.00
  • Profit before tax: ₹36.26 vs ₹26.26 (Q1 FY26) - 38% YoY growth
  • Income tax expense: ₹1.81
  • Net profit attributable to owners: ₹34.87
  • Basic EPS: ₹20.79 vs ₹15.83 (Q1 FY26)

Segment Performance (₹ in Crores):

  • General Staffing revenue: ₹2,796.50, segment result: ₹25.34
  • Specialised Staffing revenue: ₹187.82, segment result: ₹11.09
  • Other HR Services revenue: ₹50.37, segment result: (₹5.22) loss

Key Financial Figures - Standalone Results

Income Statement (₹ in Crores):

  • Revenue from operations: ₹2,761.08
  • Total income: ₹2,761.08
  • Profit before tax: ₹25.03
  • Net profit: ₹24.29
  • Basic EPS: ₹14.49

Corporate Actions

Buyback Completion:

  • On May 20, 2026, Board approved buyback of up to 1,487,500 equity shares (8.87% of paid-up capital)
  • Buyback price: ₹1,600 per share
  • Aggregate amount: ₹238 crores (excluding taxes and expenses)
  • Shareholders approved via special resolution on June 29, 2026
  • Tender period: July 9-15, 2026
  • Settlement completed: July 21, 2026

Legal and Regulatory Matters

Income Tax Dispute - Section 80JJAA:

  • Company claiming deduction under Section 80JJAA for net additional associate employees since FY2016-17
  • Tax authorities disallowed deduction for FY2018-19 (AY2019-20) and issued reassessment notices for FY2016-17 and FY2017-18
  • Company filed appeals with National Faceless Appeal Centre and writ petitions before Karnataka High Court
  • During Q1 FY27, Karnataka High Court allowed tax authorities' appeal, setting aside previous favorable order
  • Company filed revised writ petition - matter pending final resolution

Provident Fund Demand - NEEM Trainees:

  • Regional PF Department, Vadodara issued demand of ₹395 crores for period July 2014 to June 2022
  • Demand claims NEEM trainees should receive social security benefits under EPF Act
  • During Q1 FY27, TeamLease Skills University filed special civil application with Gujarat High Court against PF commissioner's order
  • Matter pending final resolution

Exceptional Items:

  • Impact of New Labour Codes: ₹5.68 crores recognized as exceptional item in FY2026 for increased gratuity and leave liability
  • Impairment allowance: ₹6.42 crores recognized in FY2026 for investment in TeamLease HRTech Private Limited

Subsidiaries and Investments

Subsidiaries included in consolidation:

1. TeamLease Digital Private Limited

2. TeamLease Foundation

3. TeamLease HRTech Private Limited

4. TeamLease Edtech Limited

5. TeamLease Regtech Private Limited

6. TSR Darashaw HR Services Private Limited

7. TeamLease Digital Singapore Pte. Ltd

8. TeamLease Consulting FZCO

9. TeamLease Digital Consulting Pte. Ltd

10. TeamLease Edtech Foundation

11. TeamLease Digital Solutions Pte. Ltd (w.e.f. September 1, 2025)

Joint Venture:

  • Crystal HR & Security Solutions Private Limited

Investment Details:

  • Investments in subsidiaries/joint venture: ₹358.93 crores (net of impairment allowance)
  • Outstanding loans to subsidiaries: ₹10.40 crores as at June 30, 2026
  • Goodwill on consolidation: ₹185.57 crores
  • Intangible assets on consolidation: ₹11.87 crores

Operational Highlights from Press Release

Financial Metrics:

  • YoY Revenue growth: +6%
  • PBT growth: +38%
  • 127 new logos added in Q1 FY27
  • Net free cash: ₹350 crore post-buyback
  • Outstanding TDS receivable: ~₹145 crore

Headcount Details:

  • Degree Apprenticeship: 43,200
  • Specialised Staffing: 7,630
  • Net addition of over 700 associates during quarter
  • 4,130 net additions across General and Specialised Staffing
  • Planned Degree Apprenticeship exits: 5,500 trainees

Segment Performance Highlights:

  • General Staffing: 28 new logos, 65% under variable engagement model
  • Specialised Staffing: Gross revenue grew 21% YoY, serves 120+ GCC clients
  • HR Services: Revenue declined 34% QoQ due to EdTech seasonality
  • RegTech digital business reached 500 billable customers

Management Commentary

Ms. Suparna Mitra, MD & CEO: "Our business EBITDA has improved 18% YoY backed by GCC specialised staffing and operational efficiency. While overall hiring trends are softer in general staffing, our new logo addition and hiring productivity are on upward trajectory."