TeamLease Q3 net profit rises 47% on GCCs' demand for skilled staff; shares up 3%

TeamLease Q3 net profit rises 47% on GCCs' demand for skilled staff; shares up 3%

• TeamLease Q3 profit surged 47 percent to Rs 42 crore, driven by GCC staff demand
• Shares rose 11.8 percent intraday, closing up 3 percent at Rs 1,473 each
• Specialized staffing revenue rose 32.5%, raising total revenue to Rs 3,013 crore.

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Staffing firm TeamLease Services reported a nearly 47% surge in third-quarter profit on February 4, driven by demand from global capability centres (GCC) for specialised staff.

Its consolidated net profit rose to Rs 42 crore for the three months ended December 2025, from Rs 28.5 crore a year earlier.

Its shares jumped as much as 11.8% after the results, and closed up 3% at Rs 1,473 apiece.

GCCs, which are Indian hubs of international firms, require software, finance, and R&D personnel for their operations. These hubs currently employ more than 1.9 million people, according to government data, and are expanding their workforce.

The company's revenue from the specialised staffing division, its second-largest vertical, rose 32.5%, lifting total revenue by about 3% to Rs 3,013 crore.

Revenue from the general staffing business, which contributes to over 90% of the total, rose 1.2% and was impacted by insourcing by a client in the banking and financial services division, the company said. The general staffing vertical provides contractual roles across non-IT sectors, including manufacturing, retail and telecom.

"Despite general slowness in the economy, our new logo acquisition is stable, including the GCC wins...Full impact of BFSI (banking, financial services and insurance) headcount loss will be absorbed by Q1FY27," Managing Director Ashok Reddy said in a statement.

Last week, peer Quess Corp reported a 32% quarterly profit growth.

Analysts previously said that staffing firms will benefit in the medium to long term from new labour codes, as simplified compliance norms will help reduce administration costs and could lead to more formalisation of India's workforce, leading to increased business.

TeamLease said its profit for the period was not impacted as the impact of the changes in labour codes for billable employees is recoverable from customers and doesn't impact its bottom line.