TeamLease Services Ltd

TeamLease Services Limited has decided to exercise its exit option from Crystal HR and Securities Solutions Private Limited, a joint venture, and will divest its entire 30% equity stake for Rs 10.12 crores in cash. The transaction, initiated on July 29, 2026, is part of a portfolio rationalization and capital allocation strategy and will result in Crystal HR ceasing to be a joint venture of TeamLease. Srividya V, a promoter of the buyer entity, is also participating in the acquisition.

TeamLease Services Limited will hold a board meeting on Tuesday, August 25, 2026, at 8.30 a.m. IST to consider and discuss the implementation of Employee Stock Option Plans (ESOP) and Restricted Stock Units (RSU) for its employees, subject to shareholder approval through a Postal Ballot process.

TeamLease Services Limited has entered into an Exit Agreement dated August 12, 2026, with Crystal HR and Securities Solutions Private Limited to divest its entire 30% equity stake in the joint venture company, Crystal HR and Securities Solutions Private Limited, for Rs 10.12 crore. The transaction, previously disclosed on July 29, 2026, is being undertaken as part of portfolio rationalization and capital allocation priorities and will result in the joint venture ceasing to be a joint venture of TeamLease.

Net profit of Team Lease Services rose 31.39% to Rs 34.87 crore in the quarter ended June 2026 as against Rs 26.54 crore during the previous quarter ended June 2025. Sales rose 4.96% to Rs 3034.69 crore in the quarter ended June 2026 as against Rs 2891.40 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales3034.692891.40 5 OPM %1.041.06 - PBDT49.6339.84 25 PBT36.2626.26 38 NP34.8726.54 31 Powered by Capital Market - Live

TeamLease Services Limited announced it will divest its entire 30% equity stake in Crystal HR and Securities Solutions Private Limited, a joint venture company, as part of a buyback agreement. The transaction, valued at Rs 10.12 crore, is subject to customary conditions precedent and regulatory approvals and will result in the joint venture ceasing to be associated with TeamLease. Srividya V, a promoter of Crystal HR, is involved as a buyer, and the divestment is being undertaken for portfolio rationalisation and capital allocation priorities.

TeamLease Services Limited, an India-based people supply chain company, announced its consolidated financial results for the first quarter of fiscal year 2027, reporting total revenue of Rs 3,056 crore, a 4% sequential increase and 6% year-over-year growth. The company added 127 new enterprise client logos during the quarter and completed a Rs 238 crore buyback of 14,87,500 equity shares, representing 8.87% of paid-up capital, with a record date of July 3, 2026. Profit before tax grew 38% year-over-year, while net free cash stood at Rs 350 crore after the buyback.

Team Lease Services will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Team Lease Services has fixed 03 July 2026 as record date for buyback of shares.

Net profit of Team Lease Services rose 25.60% to Rs 43.91 crore in the quarter ended March 2026 as against Rs 34.96 crore during the previous quarter ended March 2025. Sales rose 2.34% to Rs 2924.87 crore in the quarter ended March 2026 as against Rs 2857.92 crore during the previous quarter ended March 2025. For the full year,net profit rose 28.44% to Rs 139.69 crore in the year ended March 2026 as against Rs 108.76 crore during the previous year ended March 2025. Sales rose 5.69% to Rs 11790.67 crore in the year ended March 2026 as against Rs 11155.87 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2924.872857.92 2 11790.6711155.87 6 OPM %1.561.66 -1.331.24 - PBDT66.4853.21 25 212.28168.18 26 PBT51.6139.84 30 155.95114.50 36 NP43.9134.96 26 139.69108.76 28 Powered by Capital Market - Live

The company will buy back up to 14.87 lakh fully paid-up equity shares of face value Rs 10 each, representing up to 8.87% of its total paid-up equity capital. TeamLease also received income tax refunds worth Rs 143.1 crore (including interest of Rs 13 crore), taking net free cash to around Rs 600 crore. The company said the buyback would be funded entirely through existing free cash balances. The buyback is subject to shareholder approval through a special resolution and other statutory approvals. Promoters and promoter group entities are also eligible to participate in the proposed buyback. The actual number of shares bought back may vary upon completion of the process. The company's consolidated net profit climbed 25.6% to Rs 43.91 crore on a 2.34% jump in revenue from operations to Rs 2,924.87 crore in Q4 FY26 over Q4 FY25. Profit before tax in Q4 FY26 stood at Rs 51.61 crore, up by 29.54% from Rs 39.84 crore in Q4 FY25. EBITDA stood at Rs 46 crore, registering the de-growth of 4% compared with Rs 47.7 crore in Q4 FY25. EBITDA margin reduced to 1.5% in Q4 FY26 as against 1.7% in Q4 FY25. The company's headcount declined 2% YoY to 3,40,600 in Q4 FY26. However, it reported nearly 6,000 net headcount additions during the quarter, indicating sequential hiring momentum across sectors. Around 24% of gross associates hired were first-time job seekers, reinforcing its focus on employability. Suparna Mitra, managing director & CEO, TeamLease Services, said, FY26 was a year of disciplined execution. Full-year EBITDA growth of 14% and a 10 bps margin expansion over FY25 reflect the operating leverage we have built across the business. As I step into this role, my focus will be on accelerating profitable growth, deepening client relationships, and institutionalizing the platform that Manish and Ashok have built. Team Lease Services provides to its clients a gamut of HR services that include staffing services, temporary recruitment, permanent recruitment, payroll process outsourcing, regulatory compliance services, vocational training/education, and assessments. . Shares of Team Lease Services rose 2.83% to close at Rs 1,413.20 on the BSE.Powered by Capital Market - Live