Team Lease Services Ltd's Q4FY18 consolidated net profit rises 15.3% qoq to Rs21cr : Beats Estimates

India Infoline Research Team | May 16, 2018 15:28 IST

The company’s consolidated revenue stood at Rs977.48 cr, up 6.5% qoq and 19.6% yoy.

Team Lease Services Ltd Q4FY18

Consolidated Results Q4FY18: (Rs in cr)

Q4FY18 QoQ (%)
Revenue 977.48 6.5
EBITDA 22.74 27.2
EBITDA Margin (%) 2.3 38
Net Profit (adjusted) 21.22 15.3
***EBITDA margin change is bps
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Reco. Price

2769

Last updated on

15-May-2018

TeamLease Services Ltd reported better than estimated numbers on all fronts for Q4FY18. The top-line grew by 19.6% yoy and 6.5% qoq to Rs977cr against consensus estimates of Rs966cr. EBITDA came in at Rs22.7cr, up 85.2% yoy and 27.2% qoq against consensus estimates of Rs20.3cr. EBITDA margin expanded by 82bps yoy and 38bps qoq to 2.3%. Reported PAT declined by 36% yoy but was up 15.3% qoq to Rs21.2cr against consensus estimates of Rs21cr.
  • General Staffing and Allied Services revenue grew by 13.1% yoy and 5.1% qoq. EBIT margins improved by ~7bps yoy but declined by ~26bps qoq to 1.7%.
  • Specialised Staffing Services revenue grew by 211.1% yoy and 24% qoq. EBIT margins declined by ~709bps yoy and ~196bps qoq.
  • Other HR Services were up 67.1% yoy and 14.4% qoq.
  • EBITDA margin expansion on yoy basis was on account of 103bps yoy decline in employee cost as a percentage of sales. This may be owing to better pricing.
  • PAT was lower on yoy basis because of tax reversal of Rs13.7cr in Q4FY17 vs. current quarter tax reversal of Rs0.5cr.


Technical View:

Team Lease Services Ltd is currently trading at Rs. 2,730, down by 22.6 points or 0.82% from its previous closing of Rs. 2,752.60 on the BSE.
The scrip opened at Rs. 2,738.10 and has touched a high and low of Rs. 2,920 and Rs. 2,703.75 respectively. So far 1,69,880 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.


***Note: This is a NSE Chart

 

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