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TeamLease Services posts consolidated fourth quarter profit of Rs 19 64 cr

Staffing company TeamLease Services on Wednesday reported a consolidated profit after tax (PAT) of Rs 19.64 crore for the quarter ended March 2021. The company had posted a loss of Rs 29.43 crore during the corresponding period of 2019-20, TeamLease Services said in a BSE filing. Revenue from operations went up marginally by 1 per cent to Rs 1,340.52 crore, as compared to Rs 1,330.29 crore in Q4 FY20. For the full fiscal 2020-21, the company s PAT more than doubled to Rs 78.47 crore compared to Rs 34.97 crore in FY20. However, revenue from operations for FY21 dropped 6.13 per cent to Rs 4,881.45 crore as against Rs 5,200.72 crore in the previous fiscal.

TeamLease Services shares close nearly 6% higher after Q4 earnings

Read more about TeamLease Services shares close nearly 6% higher after Q4 earnings on Business Standard. Shares of staffing company TeamLease Services on Wednesday jumped nearly 6 per cent after the firm reported a consolidated profit after tax (PAT) of Rs 19.64 crore for the quarter ended March 2021.

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