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Teamlease Services Q2 Results Live : Teamlease Services declared their Q2 results on November 6, 2024, revealing a mixed performance for the quarter. The company reported a topline growth of 23.07% year-over-year, but profit saw a decline of 9.86% compared to the same period last year.
In comparison to the previous quarter, Teamlease Services experienced an 8.41% growth in revenue, while profit increased by 18.23%. This indicates a positive trend on a quarter-to-quarter basis, despite the year-over-year decline in profit.
The company also reported a significant rise in selling, general & administrative expenses, which climbed by 10.45% quarter-over-quarter and 24.38% year-over-year. This increase in expenses could be a contributing factor to the decline in profit margins.
In terms of operating income, Teamlease Services showed impressive growth, with a 114.22% increase quarter-over-quarter and a modest 3.93% increase year-over-year. Such a substantial quarterly increase highlights the company’s ability to manage its operations effectively in the short term.
Earnings per share (EPS) for Q2 stood at ₹14.66, reflecting a decrease of 9.84% year-over-year. This decline in EPS further emphasizes the challenges faced by the company in maintaining profitability amidst rising costs.
Over the past week, Teamlease Services has delivered a return of 1.57%. However, the stock has seen a decline of 10.82% over the last six months and a year-to-date return of -10.99%. The current market capitalization stands at ₹4771.8 Cr, with a 52-week high of ₹3700 and a low of ₹2422.85.
As of November 7, 2024, analysts remain divided in their outlook on the company. Out of nine analysts covering Teamlease Services, two have issued a ‘Strong Sell’ rating, one has a ‘Sell’ rating, one has a ‘Hold’ rating, two have ‘Buy’ ratings, and three analysts recommend a ‘Strong Buy’.
The consensus recommendation among analysts as of November 7, 2024, is to ‘Hold’ the stock, reflecting a cautious optimism as the company navigates its challenges while maintaining revenue growth.
Teamlease Services Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2796.83 | 2579.85 | +8.41% | 2272.6 | +23.07% |
| Selling/ General/ Admin Expenses Total | 2730.02 | 2471.68 | +10.45% | 2194.86 | +24.38% |
| Depreciation/ Amortization | 13.87 | 13.11 | +5.8% | 12.91 | +7.44% |
| Total Operating Expense | 2777.25 | 2570.71 | +8.03% | 2253.76 | +23.23% |
| Operating Income | 19.58 | 9.14 | +114.22% | 18.84 | +3.93% |
| Net Income Before Taxes | 25.91 | 20.19 | +28.33% | 29.4 | -11.87% |
| Net Income | 24.58 | 20.79 | +18.23% | 27.27 | -9.86% |
| Diluted Normalized EPS | 14.66 | 12.4 | +18.23% | 16.26 | -9.84% |
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