Moneycontrol
Last Updated : Jan 30, 2018 03:52 PM IST | Source: CNBC-TV18

On good wicket for margin improvement, says TeamLease

TeamLease Services is on our radar after the company posted a good set of Q3 earnings. The net profit has nearly doubled for this quarter and margins have also expanded. In an interview to CNBC-TV18, Ashok Reddy, MD of the company discussed the company's Q3 performance.

CNBC TV18 @moneycontrolcom

TeamLease Services is on our radar after the company posted a good set of Q3 earnings. The net profit has nearly doubled for this quarter and margins have also expanded. In an interview to CNBC-TV18, Ashok Reddy, MD of the company discussed the company's Q3 performance.

Reddy said that general staffing business is a low margin business but through the element of productivity we have been improving the margin.

He further said that quarter-on-quarter we have been able to increase the ratio of associates to core employees, which helps to improve the margins and that roadmap is on track.

“We have taken margin from 1.1 percent to 2 percent between last year and this year, so we are on a good wicket for margin improvement as a productivity play and vertical play. We have ceded the margin vertical well and potential for growth is there in those verticals and we will continue to focus on that,” he said.

Watch accompanying video for more details…
First Published on Jan 30, 2018 03:46 pm
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