TeamLease Services established in 2002, is one ofIndia’s leading human resource service companiesin the organized segment.Consolidated revenue for the 3rd quarter rose by27.69% to Rs. 11722.33 mn from Rs. 9180.63 mn,in the corresponding period of the previous year.During Q3 FY19, consolidated EBIDTA was Rs.281.43 mn as against Rs. 221.11 mn in thecorresponding period of the previous year.Consolidated PBT of the company stood at Rs.243.31 mn in Q3 FY19 as compared to Rs. 188.97mn in Q3 FY18.Consolidated net profit rose by 37.30% at Rs.252.60 mn in the current quarter as against Rs.183.98 mn in the corresponding period of theprevious year.EPS of the company for Q3 FY19 stood at Rs.14.77 as compared to Rs. 10.76 per share in thecorresponding previous year.Teamlease Services Ltd nine months revenue grewby 24.09% at Rs. 32842.22 mn as against Rs.26466.38 mn in 9M FY18.Net Profit was Rs. 720.07 mn for 9M FY19 asagainst Rs. 522.40 mn reflecting YoY growth of37.84% on nine months basis.The company’s total employee/ trainee headcount is211,000 as of December 31, 2018 reflecting anincrease of 34,000 on YoY basis and 11,300 onQoQ basis.Company’s current associate employee headcountis 152,600 and NETAP trainee headcount is 52,500.The company has completed acquisition of stake inAvantis RegTech effective November 1, 2018.Net Sales and PAT of the company are expected togrow at a CAGR of 21% and 28% over 2017 to2020E, respectively.
Stock DataSector Sp. Consumer ServicesBSE Code 539658Face Value 10.0052wk. High / Low (Rs.) 3338.85/1990.10Volume (2wk. Avg.) 1222Market Cap (Rs. in mn.) 46751.20
f) Deferred Tax Assets 248.43 399.22 550.92 688.65g) Income Tax Assets 508.13 998.93 1398.51 1818.06h) Other Non Current Assets 9.35 20.16 3.40 2.55Sub - Total Non- Current Assets 2594.59 3997.89 5041.15 6149.04
2) Current Assetsa) Financial Assets
i) Investments 103.12 323.15 413.63 517.04ii) Trade Receivables 1729.40 2234.86 2637.14 3059.08iii) Cash and Cash Equivalents 255.65 729.30 933.50 1176.21iv) Bank Balances other than Cash Equivalents 1345.86 695.04 556.03 472.63v) Loans 25.66 13.95 11.44 9.72vi) Others 607.68 714.31 821.46 920.03
b) Other Current Assets 92.57 129.90 175.37 219.21c) Assets Classified as held for Sale 22.17 22.17 23.28 24.21Sub - Total Current Assets 4182.11 4862.69 5571.86 6398.15
Total Assets (1+2) 6776.70 8860.58 10613.01 12547.19EQUITY AND LIABILITIES1) EQUITY
a) Equity Share Capital 170.97 170.97 170.97 170.97b) Other Equity 3492.51 4245.70 5235.44 6455.63
Total Equity 3663.48 4416.67 5406.41 6626.602) Non Current Liabilities
a) Financial Liabilitiesi) Borrowings 0.00 0.00 0.00 0.00
b) Provisions 375.09 437.21 502.79 553.07c) Other Non-Current Liabilities 48.73 48.91 51.35 52.89
Sub - Total Non Current Liabilities 423.82 486.12 554.14 605.963) Current Liabilities
b) Provisions 141.29 224.18 309.37 396.00c) Income Tax Liabilities 11.22 0.00 0.00 0.00d) Other Current Liabilities 886.20 1856.75 2320.93 2730.90e) Assets Classified as held for Sale (Liabilities) 2.10 2.10 2.21 2.14Sub - Total Current Liabilities 2689.40 3957.79 4652.46 5314.62
Total Equity and Liabilities (1+2+3) 6776.70 8860.58 10613.01 12547.19
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