Teamlease Services Ltd Q2 FY2023 consolidated net profit higher at Rs. 31.91 crores

Teamlease Services Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1966.8758 crores during the period ended September 30, 2022 as compared to Rs. 1891.6532 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 31.9183 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 26.5251 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 18.67 for the period ended September 30, 2022 as compared to Rs. 15.51 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 1966.8758 crs	₹1891.6532 crs	3.98%
Net Profit	₹31.9183 crs	₹26.5251 crs	20.33%
EPS	₹18.67	₹15.51	20.37%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 1966.8758 crores during the period ended September 30, 2022 as compared to Rs.1528.9585 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.31.9183 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-49.4780 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.18.67 for the period ended September 30, 2022 as compared to Rs.-28.94 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 1966.8758 crs	₹1528.9585 crs	28.64%
Net Profit	₹31.9183 crs	₹-49.4780 crs	164.51%
EPS	₹18.67	₹-28.94	164.51%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.3858.5290 crores during the 6 Months period ended September 30, 2022 as compared to Rs.2910.3014 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.58.4434 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-22.4058 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.34.18 for the 6 Months period ended September 30, 2022 as compared to Rs.-13.11 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹3858.5290 crs	₹2910.3014 crs	32.58%
Net Profit	₹58.4434 crs	₹-22.4058 crs	360.84%
EPS	₹34.18	₹-13.11	360.72%

Shares of Teamlease Services Limited was last trading in BSE at Rs. 2848.40 as compared to the previous close of Rs. 2848.65. The total number of shares traded during the day was 454 in over 323 trades.

The stock hit an intraday high of Rs. 2865.00 and intraday low of 2830.00. The net turnover during the day was Rs. 1290154.00.

Source : Equity Bulls

Keywords

TeamleaseServices Q2FY23 H1FY23 ResultUpdate