TeamLease Services trades jubilantly on reporting 31% rise in Q3 consolidated net profit

TeamLease Services is currently trading at Rs. 4126.80, up by 328.30 points or 8.64% from its previous closing of Rs. 3798.50 on the BSE.

TeamLease Services
TeamLease Services

The scrip opened at Rs. 3948.00 and has touched a high and low of Rs. 4190.00 and Rs. 3857.45 respectively. So far 4239 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 5544.10 on 11-Oct-2021 and a 52 week low of Rs. 2676.45 on 02-Feb-2021.

Last one week high and low of the scrip stood at Rs. 4190.00 and Rs. 3721.05 respectively. The current market cap of the company is Rs. 7061.73 crore.

TeamLease Services The promoters holding in the company stood at 32.51%, while Institutions and Non-Institutions held 56.09% and 11.39% respectively.

TeamLease Services has reported a rise of 13.63% in its net profit at Rs 24.92 crore for the quarter ended December 31, 2021 as compared to Rs 21.93 crore for the same quarter in the previous year. Total income of the company increased by 29.81% at Rs 1,532.19 crore for Q3FY22 as compared Rs 1,180.33 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 30.84% in its net profit at Rs 30.25 crore for the quarter ended December 31, 2021 as compared to Rs 23.12 crore for the same quarter in the previous year. Total income of the company increased by 37.49% at Rs 1,767.18 crore for Q3FY22 as compared Rs 1,285.27 crore for the corresponding quarter previous year.

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