Teamlease board approves share buyback worth Rs 238 crore; to buy over 14.87 lakh shares via tender offer route

The board of recruitment & human resource services company Teamlease Services on Wednesday approved a share buyback proposal to buy over 14.87 lakh equity shares from its existing shareholders on a proportionate basis via a tender offer route. It set the buyback price at Rs 1,600 per share. The amount will be paid in cash for an aggregate amount up to Rs 238 crores representing 8.87% of the total paid-up capital of the company as of March 31, 2026. The Board also constituted a committee for the proposed buyback.

The decision to buy back the company's shares comes amid continued underperformance in the stock. Teamlease shares have plunged 26% in the past year while slipping 10% year-to-date.

The announcement was made along with the company's Q4FY26 earnings where it reported a net profit of Rs 44 crore versus Rs 35 crore in the year-ago period, implying a 26% growth. Revenue from operations in the March-ended quarter stood at Rs 2,925 crore, rising 2.34% over Rs 2,858 crore in the year-ago period. However, PAT increased 5% sequentially from Rs 42 crore in Q3FY26 while the topline fell 2% compared to Rs 2,990 crore in the October-December quarter of FY26. The topline for the full financial year stood at Rs 11,791 crore versus Rs 11,156 crore in FY25. The bottom line increased 28% in the same period.


The company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the quarter under review stood at Rs 46 crore, down 4% from Rs 48 crore in Q4FY25 while rising 8% sequentially from Rs 43 crore in Q3FY26. Meanwhile, EBITDA margin in the reported quarter stood at 1.5% versus 1.4% in Q3FY26 and 1.7% in Q4FY25.

New client momentum & employability impact The company added 109 new enterprise client logos during the quarter, while successfully reinforcing the employability mandate with 24% of gross associates hired being first-time job seekers. The quarter saw approximately 6,000 net headcount additions, broad-based across sectors.

The buyback is up to 25% of free reserves and will be funded from existing free cash balances which accounts for 8.87% of the equity share capital.

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