India's Teamlease jumps after higher March-quarter profit

Teamlease Services

22/05/2025 07:17

** Shares of Teamlease Services TLSV.NS jump 4.8% to 2,082.1 rupees

** Employment services provider reports 27% rise in Q4 profit, driven by steady demand for staffing services

** Emkay maintains "add" rating, while Motilal Oswal reiterates "buy"

** Both remain positive on long-term prospects due to labour market formalization

** However, Motilal trims fiscal 2026 and 2027 earnings estimates by 4%-6%, and Emkay by 7%-8%, citing weak hiring in BFSI and IT

** TLSV down 32.2% YTD, underperforming Nifty Total Market Index .NIFTYTOTALMKT, which is up 0.6%

** Avg rating of 11 analysts is "buy", median TP 2,820 rupees, a 35% upside from current levels - LSEG data

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))