TeamLease Services Ltd Q1FY22 consolidated PAT rises to Rs. 27.07 crores

TeamLease Services Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1381.34 crores during the period ended June 30, 2021 as compared to Rs.1349.79 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.27.07 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.18.91 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.15.83 for the period ended June 30, 2021 as compared to Rs.11.06 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 1381.34 crs	₹ 1349.79 crs	2.34%
Net Profit	₹ 27.07 crs	₹ 18.91 crs	43.15%
EPS	₹ 15.83	₹ 11.06	43.13%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1381.34 crores during the period ended June 30, 2021 as compared to Rs.1140.54 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.27.07 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.17.10 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.15.83 for the period ended June 30, 2021 as compared to Rs.10 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 1381.34 crs	₹ 1140.54 crs	21.11%
Net Profit	₹ 27.07 crs	₹ 17.10 crs	58.3%
EPS	₹ 15.83	₹ 10	58.3%

Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said, "We have managed to sustain our headcount during the second wave across all of our employment businesses. We believe the market opportunity rebounds post Covid and we would drive for aggressive growth through headcount addition. Our operating margin has reached pre-Covid levels, and we continue to focus on margin expansion. In our endeavor to the highest standards of corporate governance and board effectiveness, we are moving to a non-executive chairman and expanding our board with diverse independent directors."

Shares of TeamLease Services Ltd was last trading in BSE at Rs. 3889.9 as compared to the previous close of Rs. 4006.85. The total number of shares traded during the day was 894 in over 429 trades.

The stock hit an intraday high of Rs. 4018.35 and intraday low of 3833.55. The net turnover during the day was Rs. 3523436.

Source : Equity Bulls

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