India's Teamlease Services falls as broker cuts estimate after quarterly results

Teamlease Services

21/05/2026 05:28

** Shares of India's TeamLease Services TLSV.NS fall 1.95% to 1,385 rupees

** The staffing firm's fourth-quarter consol net profit rose 25.6% to 439.1 million rupees ($4.54 million), aided by higher other income

** Consol revenue from operations up ~2.3% y/y

** However, total headcount down ~1.6% y/y, dragged by a a ~1.9% fall in general staffing headcount

** Company also declared share buyback of up to 2.38 billion rupees

** Emkay ("buy", PT: 1,800 rupees) trims FY27 and FY28 EPS estimates by 1%-3% on weak core growth, softer outlook and accounting changes

** TeamLease rated "strong buy" on average by 11 analysts, median PT as 1,837.50 rupees - LSEG-compiled data

** YTD, stock down ~10%

($1 = 96.8200 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))