2024-11-07 11:11:42 :
Teamlease Services second quarter results live release: Teamlease Services reported second quarter results on November 6, 2024, showing mixed results for the quarter. The company’s revenue increased by 23.07% year-on-year, but its profit fell by 9.86% year-on-year.
Compared with the previous quarter, Teamlease Services revenue increased by 8.41% and profit increased by 18.23%. Although profits were down year-on-year, this indicated a positive trend quarter-on-quarter.
The company also reported a significant increase in selling, general and administrative expenses, which increased by 10.45% month-on-month and 24.38% year-over-year. Increased expenses may be a factor in lower profit margins.
In terms of operating income, Teamlease Services showed impressive growth, with a month-on-month increase of 114.22% and a slight year-on-year increase of 3.93%. Such substantial quarterly growth highlights the company’s ability to effectively manage its operations in the near term.
Second quarter earnings per share (EPS) were $14.66, a year-on-year decrease of 9.84%. The drop in earnings per share further highlighted the company’s challenges in maintaining profitability amid rising costs.
Teamlease Services returned 1.57% over the past week. However, the stock has lost 10.82% in the past six months and has returned -10.99% year-to-date. The current market capitalization is $4771.8 Cr, 52-week high $3700 and lowest price $2422.85.
As of November 7, 2024, analysts remain divided on the company’s prospects. Of the nine analysts covering Teamlease Services, two have a Strong Sell rating, one has a Sell rating, one has a Hold rating and two have “Buy” rating, and three analysts gave “Strong Buy” rating.
As of November 7, 2024, the analyst consensus recommendation is a “hold” on the stock, reflecting the company’s cautious optimism in navigating challenges while maintaining revenue growth.
Teamlease Services Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 2796.83 | 2579.85 | +8.41% | 2272.6 | +23.07% |
| Total Selling/General/Administrative Expenses | 2730.02 | 2471.68 | +10.45% | 2194.86 | +24.38% |
| Depreciation/Amortization | 13.87 | 13.11 | +5.8% | 12.91 | +7.44% |
| total operating expenses | 2777.25 | 2570.71 | +8.03% | 2253.76 | +23.23% |
| operating income | 19.58 | 9.14 | +114.22% | 18.84 | +3.93% |
| net income before tax | 25.91 | 20.19 | +28.33% | 29.4 | -11.87% |
| net income | 24.58 | 20.79 | +18.23% | 27.27 | -9.86% |
| Diluted normalized earnings per share | 14.66 | 12.4 | +18.23% | 16.26 | -9.84% |
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