TeamLease Q4 Review - Well Positioned To Gain Market Share In Staffing: Prabhudas Lilladher

Employees work in an office area  in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg).

TeamLease Q4 Review - Well Positioned To Gain Market Share In Staffing: Prabhudas Lilladher

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

Teamlease Services Ltd. reported slight miss on revenue, up 5% QoQ (our estimate: 6.5% QoQ) due to impact of Covid-19 in March 2021.

Growth was led by strong general staffing and National Employability Through Apprenticeship Program trainees’ headcount, up 8% QoQ, 4% YoY surpassing pre-Covid levels.

Specialised staffing declined by 3.3% QoQ due to reduction of low margin accounts but saw strong demand for high margin mandates like artificial intelligence, machine learning, cyber security, devops in IT services.

Human resource services also grew improved sequentially but was down 34.4% YoY due to exit from permanent hiring business and government training business.

Click on the attachment to read the full report:

Prabhudas Lilladher TeamLease Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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