Earnings With ET Now: TeamLease Q1: Slight Beat On Revenue Front. Staffing Contract Pushbacks to continue? Hike for core employees hurt margins. Expect pick-up Margins Ahead? Ramani Dathi, Chief Financial Officer, TeamLease Services on ET Now.

#teamleaseq1 #teamleaseearnings #businessnews
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TeamLease Q1: Slight Beat On Revenue Front | Ramani Dathi | Business News

Although India had 40,000 job openings for cybersecurity professionals as of May 2023, 30% of these vacancies could not be filled due to huge skill shortage, reported TeamLease Digital, a subsidiary of TeamLease Services.

‘India unable to fill 30% of cybersecurity jobs due to skill gap’: Report

According to the report by staffing company TeamLease Services, over 80 per cent of respondents believe that IT and banking and Financial Services will benefit from the 5G technology in terms of job creation and upskilling.

5G adoption to unlock wealth of opportunities for India’s tech talent pool: Report

5G Users in India: Most companies, however, believe that employees will have to be upskilled and re-skilled to fully leverage the 5G technology: TeamLease Services

5G subscribers in India likely to jump over 2000% in next 5 years: Report

Brokerage firm Motilal Oswal Securities has upgraded TeamLease Services Ltd with a buy rating from neutral earlier and increased its target price to Rs 2890 a share, up 34 percent from its current market price.

Motilal Oswal upgrades TeamLease to buy; increases target price by 34%

More than 40% of job profiles across industries have less than 5% salary difference, shows TeamLease Services’ Jobs and Salaries Primer report FY2022-23.

Pay gap between permanent and temp roles narrows, shows TeamLease study

The company reported a fall in net profit by 22.42% at Rs 23.94 crore, failing to meet the Bloomberg estimate of Rs 28.72 crore.

Teamlease Services Shares Fall After Q4 Profit Misses Estimates

Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year.

TeamLease Services Q4 net profit dips by 22.92% to Rs 24.37 crore

India crossing China in population is an opportunity because it will create a large domestic market thanks to the young people who are ready to offer their services and labour to the world, said Manish Sabharwal, vice chairman, TeamLease Services.

‘India’s demographic profile an opportunity’ | The Financial Express

Fast food giant McDonald's has temporarily shut its offices in the U.S this week as it gears up to lay off several employees as part of the restructuring plan amid the global economic meltdown, according to Wall Street Journal.
India's unemployment rose to a three-month high in March to 7.8% as the country's labour markets deteriorated, according to data from the Centre for Monitoring Indian Economy or CMIE. This despite manufacturing sector expanding at its quickest pace in three months in March on improved output and new orders. But why? On India Development, ET NOW's Tamanna Inamdar speaks with Garima Kapoor, Chief Economist, Elara Capital; Sashi Kumar, MD, Indeed; Rituparna Chakraborty, Co-Founder & ED, TeamLease Services Limited; and Samir Parikh, Founder, Naman HR.
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India's Unemployment At 3-Month High, Now McDonald's Plans Job Cuts | India Development Debate

TeamLease Services had announced a share buyback of 3,27,869 shares having face value of Rs 10 each at a price of Rs 3,050 per shares by way of tender offer.

TeamLease Services shares to turn ex-buyback; Dhampur Sugar Mills board to mull dividend

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

TeamLease Services Limited provides human resource services to various industries. The Company operates through Staffing, Recruitment and Training segments.