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TeamLease Plans ₹238 Crore Share Buyback
20 May
Summary
- Company announced a share buyback of up to ₹238 crore.
- Net profit rose 25.6% year-on-year for the March quarter.
- TeamLease added 109 new enterprise clients and 6,000 headcount.
TeamLease Services revealed plans for a substantial share buyback, authorizing up to ₹238 crore on May 20. The company's board greenlit the repurchase of nearly 14.87 lakh equity shares at ₹1,600 per share, pending shareholder approval. This buyback represents 8.87% of the company's equity capital as of March 31, 2026.
The company's fourth-quarter financial performance showcased a 25.6% year-on-year surge in net profit, reaching ₹43.9 crore from ₹35 crore in the prior year. Revenue climbed 2.3% to ₹2,924.9 crore. However, EBITDA experienced a slight decline of 3.9% to ₹45.7 crore.
For the fiscal year 2026, Managing Director and CEO Suparna Mitra highlighted "disciplined execution," with full-year EBITDA growth of 14% and margin expansion. The company also strengthened its market presence by acquiring 109 new enterprise clients and adding approximately 6,000 net employees.
Further bolstering its financial position, TeamLease received income tax refunds totaling ₹143.1 crore, contributing to net free cash reserves of around ₹600 crore. The approved share buyback will be fully funded by these existing cash balances.
