The company posted a profit after tax of ₹38 crore for the quarter, up from ₹28 crore in the same period last year. Revenue from operations stood at ₹2,858 crore, registering an 18% rise year-on-year, though slipping 2% sequentially due to scheduled attrition in its BFSI staffing vertical.
Annual revenue for FY25 rose 20% to ₹11,201 crore, while EBITDA for the year increased 6% to ₹138 crore. The company’s EBITDA margin improved to 1.7% in Q4, from 1.2% in the previous quarter and 1.5% a year ago, aided by catch-up billing in its Edtech business and contributions from recent acquisitions.
TeamLease’s consolidated headcount at the end of the year stood at 346,070, marking an 8% increase year-on-year but a 2% decline quarter-on-quarter, primarily due to sector-specific churn. The general staffing vertical, which remains the company’s largest, added around 25,000 associates during FY25, driven by demand in consumer and telecom segments.
The company reported a positive net cash position of ₹472 crore, including ₹310 crore in free cash.
The quarter saw the completion of TeamLease’s 80% acquisition in Singapore-based Ikigai Enablers Pte Ltd, which has since been renamed TeamLease Digital Singapore Pte Ltd. The move is aimed at expanding the company’s footprint in IT staffing across Asia and the Middle East.
Its specialized staffing unit, despite a year-on-year decline in headcount, benefited from a shift in its Global Capability Center (GCC) mix, with GCCs now contributing 60% of segment revenue.
The Degree Apprenticeship vertical, a growing area for TeamLease, saw modest headcount additions during the quarter. Approximately 34% of trainees were enrolled in structured learning programs, reflecting the company’s focus on integrated skilling and employment solutions.
In the HR services segment, the successful integration of TSR Darashaw HR Services and Crystal HR added ₹1 crore to Q4 EBITDA. Meanwhile, delayed billing collections from Edtech operations in prior quarters were recognized during Q4, resulting in a one-time profit boost.
“We closed FY25 with a mixed performance across our business segments,” said Ashok Reddy, Managing Director, TeamLease Services Ltd. “Despite sectoral headwinds in the second half, we added nearly 25,000 associates in general staffing. Our digital staffing and HR services units showed operational strength, and strategic acquisitions have expanded our geographic and service footprint.”
Reddy added that the company’s acquisition-led expansion in Singapore and the Middle East, alongside a completed integration of its recent HRTech platforms, positions TeamLease for scalable growth in FY26.
