TeamLease Services shines on the back of stellar Q3FY17 performance
Bhagyashree Vivarekar / 02 Feb 2017
The company's total sales for Q3FY17 amounted to Rs 814.67 crore., which represents a 12.75 per cent sequential increase and 29.09 per cent YoY increase.
TeamLease Services Ltd. declared its results for the quarter ended December 31, 2016 today.
The company's total sales for Q3FY17 amounted to Rs 814.67 crore., which represents a 12.75 per cent sequential increase and 29.09 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs. 13.75 crore and it reported EBIT margin of 1.69 per cent.
The company's PAT of Rs 11.5 crore represents a sequential QoQ increase of 27.49 per cent and a YoY increase of 131.85 per cent.
The company's stock opened at Rs 895 on the BSE and rose 10 per cent after the results were declared and closed at Rs 973.5.
TeamLease Services Ltd is a provider of human resource services in the organised sector delivering a broad range of human resource services to various industries and diverse functional roles across India. The company provides these services to meet the needs of small and large business clients as well as those of qualified job seekers.
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