BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We are optimistic about TeamLease Services Ltd. given-
TeamLease is gaining market share (32% YoY growth in associate addition in nine months-FY22) in strong demand environment where intent of hiring continues to improve,
strong operating metrics in terms of new logo additions and improving FTE productivity,
yield shortfall of 1% in provident fund trust amounting to ~Rs 15 crore is provided for in Rs 75 crore provision made in Q2 FY22 and should not result in a recurring liability and
stock price has corrected by ~20% since our last result report.
TeamLease is also evaluating option of migrating PF Trust to Employees' Provident Fund Organisation.
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