TeamLease Services Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 05:23 am EST
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TeamLease Services Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 24,453.6 million compared to INR 20,082.8 million a year ago. Revenue was INR 24,553.7 million compared to INR 20,182.5 million a year ago. Net income was INR 310 million compared to INR 289.6 million a year ago. Basic earnings per share from continuing operations was INR 18.49 compared to INR 16.94 a year ago. Diluted earnings per share from continuing operations was INR 18.49 compared to INR 16.94 a year ago.
For the nine months, sales was INR 68,895.6 million compared to INR 58,427.2 million a year ago. Revenue was INR 69,266.5 million compared to INR 58,767.8 million a year ago. Net income was INR 846.7 million compared to INR 874 million a year ago. Basic earnings per share from continuing operations was INR 50.26 compared to INR 51.12 a year ago. Diluted earnings per share from continuing operations was INR 50.26 compared to INR 51.12 a year ago.
TeamLease Services Limited is an India-based company engaged in the business of providing manpower services. The Company is primarily focused on providing a gamut of HR services that include staffing services, temporary recruitment, permanent recruitment, payroll process outsourcing, regulatory compliance services, vocational training/education and assessments, technology-led specialized academic services, and end-to-end hiring technology driven services. Its segments include General Staffing and Allied Services, Specialised Staffing Services, and Other HR Services. Its General Staffing and Allied Services segment comprises staffing operations, temporary recruitment, payroll, and the National Employability Through Apprenticeship Program (NETAP). The Specialised Staffing Services segment comprises information technology (IT) staffing and telecom staffing operations. Its Other HR Services segment comprises permanent recruitment, regulatory compliance, and training operations.
TEAMLEASE SERVICES LIMITED 
