TeamLease Q3 profit dips 5% YoY, board to consider share buyback next week

The company's revenue grew 14% YoY to Rs 2,108 cr in the quarter ended December, from Rs 1,767 crore a year ago. EBITDA fell 16% to Rs 32 crore in Q3

Staffing firm TeamLease Services Ltd on Wednesday reported a dip in its net profit for the third quarter of FY23 at Rs 29 crore. This is a 9 per cent quarter-on-quarter (QoQ) decline from Rs 32 crore in Q2 and a 5 per cent year-on-year (YoY) decline from the same period last financial year, which saw a profit of Rs 30 crore.  

The company’s revenue grew 14 per cent YoY to Rs 2,108 crore in the quarter ended December, from Rs 1,767 crore a year ago. EBITDA for the firm fell 16 per cent to Rs 32 crore in Q3