• Event Type: The document is a regulatory filing containing the transcript of the Q2 FY27 Earnings Conference Call hosted by HDFC Securities.
  • Event Date and Time: The earnings call was hosted on Thursday, November 05, 2026, at 05:00 P.M. IST.
  • Purpose of Event: The call was held to discuss the company's financial and operational performance for the second quarter of fiscal year 2027 (Q2 FY27).
  • Management Participants: The management team was represented by:
  • Ms. Suparna Mitra – Managing Director and Chief Executive Officer
  • Ms. Ramani Dathi – Chief Financial Officer and Chief Operating Officer
  • Ms. Neeti Sharma – Chief Executive Officer, Specialised Staffing
  • Mr. Balasubramanian A. – Senior Vice President, Staffing
  • Availability of Transcript: The transcript of the earnings call was made available on the company's website at https://group.teamlease.com/investor/earning-call-transcript/. This was filed with the stock exchanges pursuant to Regulation 30 of the SEBI LODR Regulations, 2015.
  • Financial Period Discussed: The call primarily discussed the results for Q2 FY27 (Quarter ended September 30, 2026) and the half-year H1 FY27.

Financial Highlights and Strategic Themes (As Disclosed)

Financial Performance for Q2 FY27:

  • Revenue: INR 3,086 crores (up 1% sequentially and 2% year-on-year).
  • Operating EBITDA: INR 44 crores (up 17% sequentially and 5% year-on-year). Operating EBITDA margin improved sequentially.
  • Reported EBITDA: INR 36 crores (margin of 1.2%). The difference from Operating EBITDA is due to unallocated costs, including investments in brand/marketing and buyback-related expenses.
  • Profit Before Tax (PBT): INR 30 crores (up 2% year-on-year). For H1 FY27, PBT was INR 66 crores (up 19%). This includes other income, such as interest on an income tax refund received in Q1.
  • Profit After Tax (PAT): INR 26 crores.
  • Headcount: Moderated to approximately 333,200 associates.
  • New Clients: Added 114 new logos, including 32 in general staffing.
  • Days Sales Outstanding (DSO): Held at 6 days.

Segment-wise Performance:

  • Specialized Staffing: Revenue was INR 190 crores. EBITDA grew 15% quarter-on-quarter. The India business earned a 7.6% EBITDA margin, and the global business margin was 4.3%. The segment now serves over 135 GCC clients (up from 110 at the end of last year), which contribute over 69% of its revenue.
  • HR Services: Revenue rose sequentially due to EdTech seasonality, achieving a segment EBITDA margin of 3%.

Strategic Priorities Outlined:

Management outlined three key priorities:

1. A sharper focus on higher-margin businesses, including international geographies.

2. Disciplined portfolio management, assessing every business on returns and strategic fit. The divestment of the 30% stake in Crystal HR was cited as an example.

3. Establishing TeamLease as a holistic talent solutions partner, offering recruitment, staffing, apprenticeship, and HR technology under one relationship.

Capital Allocation & Balance Sheet:

  • The company completed a INR 238 crores buyback in July 2026, leading to 8.87% of the pre-buyback paid-up capital being extinguished.
  • It divested its 30% stake in Crystal HR and recovered its full original investment with no loss on capital.
  • The balance sheet holds INR 350 crores of net free cash and about INR 160 crores of TDS receivable outstanding.
  • Funding exposure in staffing was 16%.

Additional Notes Section

  • Attachment: The regulatory filing had the transcript of the earnings call enclosed.
  • Financial Data: Significant financial data was disclosed in the transcript and is detailed in the summary above.
  • Compliance: The document is a standard regulatory filing to intimate the exchanges about the earnings call transcript. There is no specific statement regarding UPSI (Unpublished Price Sensitive Information) not being shared.