TeamLease Services Q2 FY27 Profit Falls 7% to ₹26 Crore, Revenue Up 2%

TeamLease Services Limited reported consolidated profit after tax of ₹26 crore for Q2 FY27, down 7% year-on-year, while total revenue rose 2% to ₹3,086 crore for the quarter ended September 30, 2026. The results show revenue growth alongside a decline in quarterly net profit for the organised workforce provider.

What did TeamLease Services report for Q2 FY27?

TeamLease Services reported total consolidated revenue of ₹3,086 crore in Q2 FY27, compared with a year earlier period, representing 2% year-on-year growth. Revenue from operations stood at ₹3,076 crore, also up 2% year-on-year. Operating EBITDA increased 5% year-on-year to ₹44 crore.

Profit before tax was ₹30 crore, up 2% year-on-year. However, profit after tax declined 7% year-on-year to ₹26 crore. Basic earnings per share for the quarter was ₹15. The company released the results for the quarter and half year ended September 30, 2026.

The quarterly update comes after revenue from operations of ₹3,035 crore in the June 2026 quarter. The available quarterly data shows that TeamLease's revenue has remained near the ₹3,000 crore level in recent quarters, reflecting the large scale of its staffing and human-resource services operations.

How did TeamLease Services perform in the first half of FY27?

TeamLease Services recorded total consolidated revenue of ₹6,142 crore for the half year ended September 30, 2026, an increase of 4% year-on-year. Revenue from operations for the six-month period was ₹6,111 crore, also 4% higher year-on-year.

Operating EBITDA for the first half rose 11% year-on-year to ₹82 crore. Profit before tax increased 19% to ₹66 crore, while profit after tax grew 14% to ₹60 crore. Basic earnings per share for the half year was ₹36.

The half-year figures present a different trend from the standalone second-quarter profit comparison. While Q2 profit after tax fell year-on-year, the first-half profit after tax was higher than in the corresponding period of the prior year. The disclosed figures do not provide a detailed explanation for the difference between the quarterly and half-year profit movements.

Which business segments contributed to the quarter?

TeamLease said its General Staffing business added 32 new client logos during the quarter, and 30% of hires were first-time job seekers. The company describes its operating focus through employment, employability and education, while also addressing regulatory requirements for businesses.

The Degree Apprenticeship business added 13 new client logos. These additions provide an operating indicator of client acquisition across the company's staffing and training-related activities, although the company did not disclose revenue from these specific additions.

Specialised Staffing revenue grew 1% sequentially and 18% in the first half year-on-year, according to the result update. EBITDA in this business grew 15% sequentially. HR Services revenue increased 15% sequentially, with the company attributing the growth to EdTech.

These segment updates matter because the company's consolidated revenue growth was 2% year-on-year in the quarter. The disclosures show differing growth rates across business lines, with Specialised Staffing and HR Services reporting specific sequential improvements while the broader consolidated revenue base grew at a lower rate.

What do the results mean for TeamLease Services investors?

TeamLease's Q2 FY27 results show a 2% increase in revenue and a 5% increase in operating EBITDA, but a 7% reduction in profit after tax. For investors, the distinction is relevant because earnings after tax moved differently from revenue and operating EBITDA during the quarter.

The company had reported revenue of ₹3,035 crore for the June 2026 quarter. The September-quarter total revenue of ₹3,086 crore was therefore higher sequentially. Earlier available data also shows revenue of ₹3,032 crore in the September 2025 quarter, consistent with the reported 2% year-on-year increase.

Profitability has shown movement across recent quarters. Available quarterly data lists operating profit of ₹31 crore in June 2026, while the announced Q2 FY27 operating EBITDA was ₹44 crore. The figures are reported under different presentations in the supplied data, so direct comparison should be made with care.

The results were reviewed by statutory auditors S.R. Batliboi & Associates LLP. The auditor's review stated that nothing had come to its attention to indicate that the financial statements were materially misstated or not prepared in accordance with applicable accounting standards and regulations.

What corporate developments accompanied the Q2 FY27 update?

TeamLease incorporated TL Business Solutions Inc., a US-based subsidiary, on September 23, 2026. The incorporation was disclosed on September 24 and represents the company's stated step to establish a presence in international markets.

At the company's 26th annual general meeting on September 18, 2026, Manish Sabharwal was reappointed as a director. Suparna Mitra moved into the role of Managing Director and Chief Executive Officer, marking a leadership change disclosed during the period.

TeamLease had announced on October 14 that its board would meet on November 5, 2026, to approve unaudited Q2 FY27 results. The trading window was closed until November 9. Management also scheduled a conference call for November 5 at 5:00 PM IST, with Mitra, Chief Financial Officer and Chief Operating Officer Ramani Dathi, and other executives expected to discuss the results and outlook.

Conclusion

TeamLease Services delivered modest Q2 FY27 revenue growth of 2% to ₹3,086 crore and a 5% rise in operating EBITDA to ₹44 crore, while profit after tax declined 7% to ₹26 crore. Its first-half performance was stronger, with profit after tax rising 14% to ₹60 crore on 4% revenue growth.

Investors will watch management's comments on the November 5 results call, including segment-level demand, the expansion of Specialised Staffing and HR Services, and the role of the newly incorporated US subsidiary. The company has disclosed the call as the next scheduled forum for management's discussion of results and outlook.