TeamLease Services Limited hosted a Q4 FY26 Earnings Conference Call on Wednesday, May 20, 2026, at 04:00 P.M. IST. The call was moderated by Mr. Arjun Savla from HDFC Securities.

Management Participants:

  • Ms. Suparna Mitra – Managing Director and Chief Executive Officer
  • Mr. Ashok Reddy – Executive Vice Chairman
  • Ms. Ramani Dathi – Chief Financial Officer and Chief Operating Officer
  • Ms. Neeti Sharma – Chief Executive Officer, Specialised Staffing
  • Mr. Balasubramanian A. – Senior Vice President Enterprise

The purpose of the event was to discuss the company's Q4 FY26 and full-year FY26 financial results and business performance. The call occurred after the earnings announcement and results upload to BSE and NSE, which was delayed due to Board deliberations on the buyback.

The company stated that the transcript of the earnings call is available on the company website at https://group.teamlease.com/investor/earning-call-transcript/ in compliance with SEBI LODR Regulations, 2015. The disclosure explicitly references Regulation 30 of SEBI LODR Regulations, 2015.

Financial Highlights Discussed:

  • Q4 FY26 Operating Revenue: INR2,925 crores (2% sequential decline)
  • Q4 FY26 EBITDA: grew 8% sequentially
  • Q4 FY26 PBT: grew 30% year-on-year
  • Q4 FY26 PAT: grew 22% year-on-year
  • Full Year FY26 Revenue Growth: 6%
  • Full Year FY26 EBITDA Growth: 14%
  • Full Year FY26 PBT Growth: 36%
  • Full Year FY26 PAT Growth: 33%
  • Full Year EPS: INR83 (28% higher than previous year)
  • Q4 EBITDA Margin: 1.5% (up 10 basis points from Q3)
  • Full Year EBITDA Margin: 1.34% (10 basis points higher than FY25)

Key Business Updates:

  • General Staffing headcount: 2.87 lakh associates in Q4 (net sequential addition of 4,500)
  • Underlying business added 14,000 associates for the full year adjusting for NBFC client insourcing
  • Specialised Staffing: 7,500 associates (net addition of 1,000 year-on-year)
  • PAPM realization in specialised staffing increased by 17%
  • Degree Apprenticeship: net addition of 1,000 apprentices in Q4
  • Cash position: INR600 crores net free cash
  • Income tax refund: INR143 crores received (including INR13.1 crores interest income)
  • Outstanding TDS receivable: INR149 crores

Capital Allocation:

  • Board approved buyback of up to 25% of free reserves at INR1,600 per share

Forward-looking Statements:

  • Focus on profitable growth, deepening client relationships, and operating leverage for FY27
  • Targeting over 20% EBITDA growth for FY27
  • 20,000 open positions at the start of FY27
  • Planned exit of 10,000 headcount in low-margin mandates in Q1-Q2 FY27
  • Positive headcount expected by H1 FY27 end

Additional Notes Section

The document represents a regulatory filing containing the transcript of the earnings conference call. No unpublished price sensitive information (UPSI) was indicated to be shared during the call. The document includes detailed financial data and business performance metrics as disclosed in the earnings call.