TeamLease Services on Wednesday announced a buyback programme worth Rs 238 crore. The board approved the plan to repurchase 14.88 lakh shares at Rs 1,600 apiece, which represents 8.87% equity, according to an exchange filing. However, the buyback is subject to approval from the shareholders and all other applicable statutory approvals.
The buyback will be managed by Nuvama Wealth Management Ltd. It will be conducted through a tender offer route.
Promoter entities, who currently hold 31.11% in TeamLease, have expressed interest to participate in the proposed buyback.
Foreign institutions hold 7.16% stake, mutual funds hold 49.07%, and others including public and public bodies hold 12.66%.
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According to SEBI norms, 15% of the tender offer is reserved for the small shareholder category — resident individuals holding nominal share capital up to Rs 2 lakh.
TeamLease Q4 Result Highlights
TeamLease net profit rose 5.2% at Rs 43.9 crore in the fourth quarter of the previous fiscal. This is in comparison to profit of Rs 41.7 crore in the third quarter of fiscal 2026, according to its stock exchange notification on Wednesday.
Consolidate revenue of the company declined by 2.2% quarter-on-quarter for the three months ended March, reaching Rs 2,925 crore in comparison to Rs 2,990 crore. Operating income, or earnings before interest and taxes rose 7.9% to Rs 45.6 crore from Rs 42.3 crore. Margins expanded to 1.6% from 1.4% in the previous quarter.
TeamLease Share Price Today
The earnings were announced after market close on Wednesday. The scrip closed 2.85% higher at Rs 1,413 apiece, this compares to a 0.17% advance in the NSE Nifty 50 index. During the day, the stock rose as much as 4.67% to Rs 1,438 per share.
It has fallen 26.84% in the last 12 months and 9.25% year-to-date.
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