TeamLease Services Launches ₹238 Crore Share Buyback Plan at ₹1,600 Per Share, Reports 26% Rise in Q4 Net Profit

TeamLease Services Announces Share Buyback Proposal

TeamLease Services, a leading recruitment and human resource services company, has announced that its board has approved a share buyback proposal. The proposal involves repurchasing over 14.87 lakh equity shares from existing shareholders through a tender offer route on a proportionate basis. The company has fixed the buyback price at ₹1,600 per share, with the total buyback consideration amounting to up to ₹238 crore.

The buyback size represents 8.87% of the company's total paid-up equity share capital as of March 31, 2026. The buyback will be funded through the company's existing free cash balances and is equivalent to up to 25% of its free reserves. A committee has been constituted by the board to oversee and execute the proposed buyback process.

The process, record date, timelines, and other requisite details of the buyback shall be set out in the public announcement and the letter of offer, in accordance with the Buyback Regulations.

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Company's Stock Performance

The announcement comes at a time when the stock has continued to underperform on the bourses. TeamLease shares have declined 26% over the past one year and are down 10% on a year-to-date basis. Just today, the stock is down 3% to its day's low of ₹1,370.90 per share on BSE. The stock had hit its 52-week high of ₹2,499 in May 2025 and 52-week low of ₹1,063.40 in March 2026.

Q4 Earnings and Operational Performance

Alongside the buyback announcement, TeamLease Services reported its financial results for the March quarter of FY26. The company posted a net profit of ₹44 crore for Q4FY26, registering a 26% increase compared with ₹35 crore in the corresponding quarter last year.

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Revenue from operations during the quarter rose 2.34% year-on-year to ₹2,925 crore from ₹2,858 crore in Q4FY25. On a sequential basis, profit after tax increased 5% from ₹42 crore reported in Q3FY26, although revenue declined 2% from ₹2,990 crore in the October-December quarter.

For the full financial year FY26, the company reported revenue of ₹11,791 crore compared with ₹11,156 crore in FY25, while net profit increased 28% during the same period. EBITDA for the March quarter stood at ₹46 crore, down 4% from ₹48 crore in the year-ago quarter. However, EBITDA rose 8% sequentially from ₹43 crore in Q3FY26. EBITDA margin for the quarter came in at 1.5%, compared with 1.4% in the previous quarter and 1.7% in the corresponding quarter last year.

Operationally, the company added 109 new enterprise client logos during the quarter. It also said that around 24% of gross associates hired during the period were first-time job seekers, reinforcing its employability focus. TeamLease further reported approximately 6,000 net headcount additions during the quarter, with hiring growth spread across sectors.