TeamLease Services Reports Q4FY26 and FY26 Results; EBITDA Grows 14% Year-on-Year
Bengaluru, India - May 20, 2026: TeamLease Services Limited, one of India's largest staffing companies, announced its consolidated financial results for the fourth quarter (Q4FY26) and the twelve months ended March 31, 2026 (FY26). The company reported a 14% year-on-year growth in EBITDA and announced a substantial buyback of up to 25% of free reserves.Consolidated Financial Overview
The consolidated financial results provide an overview of the company's performance across the fiscal year. All figures are presented in ₹ Crores, except for headcount and margin percentages.| Particulars | Q4FY26 | Q3FY26 | QoQ | Q4FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|---|---|
| Headcount | 3,40,600 | 3,35,165 | 2% | 3,46,070 | -2% | 3,40,600 | 3,46,070 | -2% |
| General Staffing | 2,86,500 | 2,82,000 | 2% | 2,92,150 | -2% | 2,86,500 | 2,92,150 | -2% |
| Degree Apprenticeship | 46,600 | 46,000 | 1% | 47,300 | -1% | 46,600 | 47,300 | -1% |
| Specialized Staffing | 7,500 | 7,165 | 5% | 6,620 | 13% | 7,500 | 6,620 | 13% |
| Total Revenue (₹ Cr) | 2,949 | 3,014 | -2% | 2,868 | 3% | 11,859 | 11,201 | 6% |
| Operating Revenue (₹ Cr) | 2,925 | 2,990 | -2% | 2,858 | 2% | 11,791 | 11,156 | 6% |
| EBITDA (₹ Cr) | 46.0 | 42.5 | 8% | 47.7 | -4% | 158.0 | 138.3 | 14% |
| EBITDA Margin | 1.5% | 1.4% | 1.7% | 1.34% | 1.24% | |||
| Profit before Tax* (₹ Cr) | 51.6 | 49.1 | 5% | 39.8 | 30% | 155.9 | 114.5 | 36% |
| PBT Margin | 1.8% | 1.6% | 1.4% | 1.3% | 1.0% | |||
| Profit after Tax* (₹ Cr) | 46.0 | 48.2 | -4% | 37.9 | 22% | 147.1 | 110.5 | 33% |
| PAT Margin | 1.6% | 1.6% | 1.3% | 1.2% | 1.0% | |||
| EPS (₹ per share) | 26.2 | 24.9 | 20.9 | 83.3 | 64.9 |
Key Operational Highlights
The company highlighted several key performance drivers during the quarter. EBITDA grew 8% quarter-over-quarter (QoQ) and 14% full-year (YoY). Margins expanded 15 basis points (bps) over Q3FY26 and 10 bps over FY25, demonstrating improved operating leverage.Profit before Tax (PBT) grew 5% sequentially and 30% year-on-year, primarily attributed to EdTech seasonality and disciplined cost management.
In the Core Segment Momentum, full-year Revenue and EBITDA for HR Services each grew 23%. Specialized Staffing also delivered strong growth, with gross revenue up 13% YoY and full-year EBITDA climbing 15%.
During the quarter, the company added 109 new enterprise client logos. Furthermore, it reinforced its employability mandate by ensuring that 24% of gross associates hired were first-time job seekers.
Financially, the company received an Income Tax refund totaling ₹143.1 crore (including interest of ₹13 crore). This brought the net free cash to ₹600 crore. The Board approved a buyback of up to 25% of free reserves, which will be funded from existing free cash balances, accounting for 8.87% of the equity share capital.
Business Segment Performance Details
Specialized StaffingThis segment saw gross revenue grow 2% QoQ and 13% YoY. Full-year EBITDA grew 15%, with margins expanding 12 bps over FY25. The Global Capability Centre (GCC) segment remains the primary contributor, generating over 67% of revenue and serving a platform that now caters to over 110 GCC clients across various verticals, including Life Sciences, Telecom, Consulting, Engineering, BFSI, Consumer, and IT. During the quarter, the segment added 335 net headcount, including 11 from TLD Global.
HR Services
The HR Services portfolio demonstrated significant scaling potential. EBITDA margin for the quarter improved to 17%, boosted by EdTech seasonality billing. Full-year Revenue and EBITDA each rose 23% and 22% respectively. The HCM business segment now manages over 3.5 lakh monthly employee records.
General Staffing
The segment added 14 new logos during the quarter, with over 70% of these onboarded under the variable engagement model. The company maintained a receivables discipline, holding DSO at 6 days and funding exposure at 14%, consistent with the previous quarter.
Degree Apprenticeship (DA)
The DA segment added 10 new client logos in the quarter. A notable trend is the strong momentum in the Global Capability Centre (GCC) segment, driven by increasing enterprise demand for Apprentices Act compliance. Furthermore, 30% of the total associate base has fully adopted integrated learning solutions.
Management Commentary
Ms. Suparna Mitra, Managing Director & CEO of TeamLease Services Limited, noted that "FY26 was a year of disciplined execution." She stated that the 14% full-year EBITDA growth and 10 bps margin expansion over FY25 reflect the operating leverage built across the business. She added that her focus moving forward would be on accelerating profitable growth, deepening client relationships, and institutionalizing the platform developed by Manish and Ashok.About TeamLease Services Limited
TeamLease Services Limited is recognized as a leading people supply chain company in India. It provides end-to-end workforce solutions to over 4,000 employers through services covering hiring, productivity, and scale. Listed on NSE and BSE, TeamLease has a history of placing over 24 lakh professionals across more than 25 years, operating across three core pillars: Employment (managing approximately 3.4 lakh associates and trainees), Employability (supporting over 7 lakh students), and E-Workforce (serving more than 1,000 employer clients on its platform).TEAMLEASE Stock Price Movement
Today, Teamlease Services Limited shares edged higher to settle at ₹1412.6, gaining 2.85% in post-market trading. The equity saw substantial interest today, with the stock settling on a volume of 70,286 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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