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

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