TeamLease Services Limited — Earnings Release 2022

Nov 12, 2021

®Te am Lea sePutting India to WorkNovember 12, 2021
To	To
Listing Department	Listing Department
BSE Limited,	National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor,
Dalal Street, Fort,	Plot no. C/1, G Block,
Mumbai - 400 001	Bandra Kurla Complex, Bandra(E),Mumbai - 400 051

Dear Sir/Madam,

Sub: Press Release of TeamLease Services Limited (TeamLease/the Company) pertaining to the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021

With reference to the captioned subject, please find enclosed Press Release of TeamLease Services Limited pertaining to the Un-Audited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2021.

Kindly take the above said information on record as per the requirement of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Thanking You. Yours faithfully, For TeamLease Services Limited

Alaka Chanda Company Secretary and Compliance Officer Encl: As above

Press Release- Q2FY22

Strong Organic Growth with 25k headcount addition in Q2FY22

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						Tea m Lea sePutting India to Work
Press Release- Q2FY22
					Strong Organic Growth with 25k headcount addition in Q2FY22
Bengaluru, India, November 12, 2021- TeamLease Services Limited (NSE: TEAMLEASE, BSE: 539658), one of
India's largest staffing companies, today announced its results for the second quarter (Q2FY22) of the financial
year ending March 31, 2022.
Summary of Consolidated financial results:
			QoQ		(all numbers in Rupees' Crores except headcount & margins)YoY			YoY
Particulars	Q2FY22	QiFY22	Growth %	Q2F Y21	Growth %	H1FY22	H1iFY21	Growth %
Headcount	2,51,200	2,26,000	11%	1,95,950	28%	2,51,200 1,95,950		28%
Total Revenue	1,529.0	1,381.3	11%	1,140.6	34%	2910.3	2,281.1	28%
EBITDA .(Before exceptional)	34.2	29.5	16%	22.7	50%	63.7	47.0	35%
EBITDA margin*	2.2%	2.1%		2.0%		2.2%	2.1%
PBT	27.0	24.0	12%	21.0	29%	51.1	38.6	32%
(Before exceptional)PBT margin	1.8%	1.7%		1.9%		1.8%	1.7%
Net Profit						22.4	7
(After exceptional)	(49.3)	26.9		18.6		(22.4)	35
PAT marginEPS- Rs.	-3.2%-28.9	2.0%15.7		1.6%10.9		-0.8%-13.1	1.6%20.9

Summary of Consolidated financial results:

includes exceptional provision of Rs.75cr towards stressed investments in PF Trust (Refer Note 3 of the LODR results) and Q1FY22 includes exceptional gain Rs.2.6cr towards Fair value gain and TDS write off.

Highlights of Q2FY22 performance:

• 1. General Staffing: headcount up by 28% on YoY basis and 9% on QoQ basis with highest ever quarterly net addition of 14K associates. Revenue up 34% YoY and 10% on QoQ basis. Core to Associate ratio is highest since IPO at 365.
• 1. IT Staffing: headcount up by 21% on YoY basis and 11% on QoQ basis. Revenue up 36% YoY and 17% on QoQ basis with a net addition of 900 associates in Q2FY22.
• 1. Degree Apprenticeship (NETAP): headcount up by 59% on YoY basis and 18% on QoQ basis with highest ever quarterly net addition of 10K apprentices.
• 1. 204 new logos added during Q2FY22 with largest contribution from IT, Auto, Manufacturing, Ecommerce, Telecom and Consumer verticals.
• 1. EBITDA has improved both on YoY and QoQ basis in terms of absolute and percentage margin.
• 1. Operating cash flow conversion to EBITDA is 100% for H1FY22. We continue to remain debt free with funding exposure at 14% and DSO at 18 days.
• 1. Renamed Avantis to TeamLease RegTech and TL eHire to TeamLease HR Tech.

Press Release- Q2FY22

Management Comment

About TeamLease Services Limited

TeamLease Services is a leading HR services company offering a range of solutions to 3500+ employers for their hiring, productivity, and scale challenges. A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 18 lakhs+ people over the last 19 years. One of India's fastest growing employers, TeamLease also operates India's first Vocational University and India's fastest growing PPP National Employability through Apprenticeship Program (NETAP). The Company offers solutions to large, medium, and small clients across the 3Es of employment (over 1.8 lakhs employees), employability (over 2.5 lakhs students) and Ease-of-doing Business (over 1000 employers).

Press Release- Q2FY22	")s®eTea m Lea sePutting India to Work
Management Comment
Mr. Ashok Reddy, Managing Director, TeamLease Services Limited commenting on the quarterly results said,"Our investments across sales, marketing, structure and talent have helped deliver strong headcountgrowthvolumegoodbusinessesmajorandHRpipeline forServices,buildyear.withtheincontribution from EdTech, has turned profitable. We continue our investments in digitization, hiringand talent pipeline for long term growth and sustenance."
About TeamLease Services Limited
TeamLease Services is a leading HR services company offering a range of solutions to 3500+ employers fortheir hiring, productivity, and scale challenges. A Fortune India 500 company listed on the NSE & BSE,TeamLease has hired 18 lakhs+ people over the last 19 years. One of India's fastest growing employers,TeamLease also operates India's first Vocational University and India's fastest growing PPP NationalEmployability through Apprenticeship Program (NETAP). The Company offers solutions to large, medium, andsmall clients across the 3Es of employment (over 1.8 lakhs employees), employability (over 2.5 lakhs students)and Ease-of-doing Business (over 1000 employers).Investor contact
Ramani Dathi	Renu Praveen
Chief Financial Officer	Adfactors
Tel: +91 80 6824 3330Fax: +91 80 6824 3001E-mail: ramani.dathi@teamlease.com	Tel: +91 9742279654Fax: +91 80 6824 3001E-mail: renu.praveen @adfactorspr.com