BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
TeamLease Services Ltd. delivered a strong operational performance in Q4 FY22, with revenue up 3% QoQ on broad-based growth across verticals.
It also added ~12,000 associates after a very strong hiring in recent quarters, benefitting from a strong demand environment. Ebitda margin rose 12 basis points QoQ to 2.26% due to higher core employee addition.
The management remains positive on its growth outlook, as supportive macro and new logo additions boosts demand for associates.
We expect TeamLease to report good revenue growth in all verticals on continued improvement in general staffing, a pickup in human resource services, increased manpower demand, and higher margin replacements in the IT staffing business.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
