Q1 2025 TeamLease Services Ltd Earnings Call Transcript
Key Points
- TeamLease Services Ltd (BOM:539658) reported a 6% quarter-on-quarter and 19% year-on-year revenue growth.
- The company added approximately 12,700 headcount during the quarter, including 6,000 new trainees.
- General staffing saw a net addition of over 15,450 associates, marking the highest number reported in the last 10 quarters.
- The company signed 43 new logos, primarily in the Consumer Financial Services and Manufacturing segments.
- Digital transformation efforts have significantly improved operational efficiency, supporting an expanded customer base with the current workforce.
- EBITDA declined due to seasonality, delayed university billing in the EdTech business, and annual appraisals of core employees.
- Specialized staffing demand from IT services companies has not increased remarkably, impacting revenue growth.
- The EdTech business faced a significant impact on Q1 profitability due to delayed billing cycles.
- Despite volume growth, absolute EBITDA has remained flat over the last four years.
- The company experienced a 5% sequential headcount drop in specialized staffing due to exiting low-margin mandates.
Ladies and gentlemen, good day, and welcome to the TeamLease Q1 FY 20 Earnings Call hosted by FDA. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the presentation. Should I need any assistance during the conference call, please signal an operator by pressing star then zero. Please note that this conference is being recorded.
The conference over to Mr. Amit Chandra from yes, over to you, sir.
Thank you, operator.
Good evening, participants. On behalf of HDFC Securities, I welcome you all to the TeamLease Q1 FY 25 earnings call. Today, we have with us the management team of the move to presented by Mr. Ashok Reddy, MD and CEO, Mr. Kartik, Narayen, CEO staffing and it, I mean that is CFO.
And now Hans, I will now hand over the call to the management to start off with the initial commentary and post that we'll open up the floor for questions. Thank you, and over to you, sir.
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