TeamLease Services Q4 net profit jumps 34.4% at Rs 9 cr

NEW DELHI: HR firm TeamLease Services today reported net profit of Rs 9.14 crore, up 34.4 per cent year-on-year, for the March quarter of 2015-16.

The company had posted net profit of Rs 6.80 crore for the January-March period of 2014-15.

Total operating revenue stood at Rs 664.18 crore for the fourth quarter of last fiscal as compared to Rs 529.35 crore in the year-ago period, reflecting 25.5 per cent rise, a company statement said.

"We have witnessed another good year with a revenue growth of 25 per cent consistent with our past track record. This growth has been driven by robust performances across all verticals," TeamLease Services Managing Director Ashok Reddy said.

"We continue to believe in the large addressable market opportunities and towards that, have made considerable investments during the year in technology, people and leadership to harness the future potential," Reddy added.

For the year ended March 31, the net profit of the company stood at Rs 24.28 crore, while total operating revenue was at Rs 2,504.91 crore.

During fiscal year 2015-16 TeamLease's total client base increased to over 1,400, from 1,200 in the previous fiscal, spreading across all industries and verticals, the statement said.

Meanwhile, the apprenticeship programme, launched through TeamLease Education Foundation (TLEF), crossed 16,000 apprentice enrolments during financial year 2015-2016 of which about 4,000 trainees have been certified during the year, it added.