Q2 2026 TeamLease Services Ltd Earnings Call Transcript

Nov 5, 2025 / 11:30 AM GMT

Release Date Price: ₹1687.9

Transcript

Key Points

Positve

TeamLease Services Ltd (BOM:539658) reported a 24% growth in EBITDA and a 10% growth in PBT for Q2 FY26.
The company added over 140 new logos in the quarter, demonstrating strong client acquisition capabilities.
There was a net addition of over 11,000 headcount, with a 3% quarter-on-quarter growth in headcount.
The specialized staffing segment saw a sequential growth of 18% and a year-on-year growth of 17%.
The degree apprenticeship program added about 2,600 apprentices, reflecting a growing interest in vocational education.

Negative

The general staffing business continues to perform in a benign fashion, with margins remaining flat.
Despite revenue growth, the absolute EBITDA for the general staffing business has been constant over several quarters.
The IT hiring environment remains selective and cautious, impacting the specialized staffing segment.
The broader IT hiring market remains uneven, with limited recovery in Tier 1 IT services companies.
The HR tech business requires continued investment in sales and marketing, delaying profitability improvements.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TLSV.NS - TeamLease Services Ltd
Q2 2026 TeamLease Services Ltd Earnings Call
Nov 05, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Team Lee's Q2 FY26 earnings conference call hosted by HDFC Securities. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone.

Please note that this conference is being recorded. I now hand the conference over to Mr. Ait Chandra from HDFC Securities.

Thank you and over to you, sir.

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Unidentified_2 [2]
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