TeamLease Services Q1 Results: Profit Up 29.11%

Staffing company TeamLease Services Ltd. on Thursday reported a 29.11% rise in consolidated profit to Rs 25.01 crore during the June quarter.

The company's net profit stood at Rs 19.37 crore in the year-ago period, TeamLease Services said in a regulatory filing.

Revenue from operations of the company grew 12.07% during the quarter at Rs 2,891.40 crore compared to Rs 2,579.85 crore in the same period last year.

"Resilient demand from enterprise clients and tech profiles in non-tech companies and global capability centres, have helped sustain the growth momentum,"TeamLease Services Managing Director Ashok Reddy said.

Shares of Teamlease on Thursday closed at Rs 1,834.70, down 2.43% on NSE.