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https://group.teamlease.com BSE: 539658 | NSE: TEAMLEASE | ISIN: INE985S01024 https://group.teamlease.com | Wednesday , July 29, 2026 Investor Update Q1FY27 TEAMLEASE SERVICES LIMITED © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com Contents 01 Quarter at a Glance Q1FY27 headline performance & updates 02 Industry Context Formalization, Labour Codes, GCC growth, 03 Financial Performance P&L, key metrics 04 Segment & Operational Performance General Staffing, Specialised Staffing, Other HR Services 05 Company Overview & Governance Profile, board, shareholding © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com Q1FY27: Headline Performance Consolidated figures, ₹ Cr except margins & per-share data | Quarter ended 30 June 2026 ₹3,056 Cr Total Revenue +6% YoY , 4% QoQ ₹32Cr EBITDA +3% YoY , -31% QoQ 1.05% EBITDA Margin -3bps YoY , -52 bps QoQ ₹36Cr PBT +38% YoY , -30% QoQ ₹34 Cr PAT +38% YoY , -25% QoQ ₹21 EPS +31% YoY , -21% QoQ Capital & Balance Sheet Position https://group.teamlease.com •Completed a ₹238 Cr buyback (14.87 lakh shares at ₹1,600/share) in July 2026 •Net free cash of ₹350 Cr as of quarter-end, aided by a ₹38 Cr income-tax refund including interest of Rs.8.2cr •TDS receivable outstanding of ~₹145 Cr; DSO in staffing at 6 days, funding exposure 16% •Divestment of 30% stake in Crystal HR on account of portfolio rationalisation. Business call outs •Business EBITDA grew 18% YoY , mainly backed by specialised staffing and operational efficiency •Staffing continues to get impacted by BFSI headwinds and softer hiring trend •Regtech business has turned positive and will start making meaningful contribution to the bottomline © TeamLease Services Limited | Company Private & Confidential
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02 Industry Context Why the demand environment matters as much as the quarter's numbers © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com Regulatory Watch: The Four Labour Codes The most consequential regulatory shift for organized staffing in a generation 21 Nov 2025 All four Labour Codes (Wages, Industrial Relations, Social Security, OSH) notified as law, replacing 29 earlier central statutes 8 May 2026 Ministry of Labour & Employment notifies the Central Rules under all four Codes State rules Vary by state , some finalized, others still in draft; labour remains a concurrent subject Ongoing Employers restructuring CTC to the new uniform wage definition; single central OSH licence for staffing firms replaces state-by-state registration Reading it both ways Structural positive: a single central licence, uniform wage definitions, and mandatory formal appointment letters raise the compliance bar in a way that favours large, organized players like TeamLease over unorganized contractors, the core "formalization" thesis for the sector. Near-term cost/complexity: the 50%-of-CTC wage definition raises PF/gratuity cost per associate and requires payroll-system and contract rework across the client base; a real, if temporary, cost and change-management burden this year. Source: Ministry of Labour & Employment notifications; DLA Piper GENIE legal alerts, May 2026. © TeamLease Services Limited | Company Private & Confidential
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Growth Vector: Global Capability Centres GCCs are now the single largest driver of incremental staffing demand in India 67% of specialised staffing revenue originated from GCCs 13% YoY employment growth in specialised staffing, Q1FY27 outpacing general staffing What this means for TeamLease's portfolio • Specialised Staffing revenue grew 21% YoY in Q1FY27 with EBITDA margin held at ~6%; the segment best positioned to capture GCC and technical-role demand. • Degree Apprenticeship: driven by increasing enterprise demand for Apprentices directly on-trend with the industry's GCC skew. • RegTech's growing Digital and Services demand caters to the compliance requirements that come with GCC and Apprentices linked hiring. • Watch-item: GCC linked demand is more discretionary to global technology capex cycles than blue-collar general staffing , a slowdown in global IT/tech spend is the main risk to this vector. https://group.teamlease.com © TeamLease Services Limited | Company Private & Confidential
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03 Financial Performance P&L, margin walk, and per-share value creation © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com All Numbers are in ₹ Crores except for margins © TeamLease Services Limited | Company Private & Confidential Consolidated Financial Performance Particulars Q1FY27 Q4FY26 QoQ Q1FY26 YoY Headcount 341,330 340,600 0% 351,000 -3% Total Revenue 3,056 2,949 4% 2,882 6% Operating Revenue 3,035 2,925 4% 2,869 6% EBITDA 32 46 -31% 31 3% EBITDA margin 1.0% 1.6% 1.1% PBT 36 52 -30% 26 38% PBT margin 1.2% 1.8% 0.9% Profit after Tax 34 46 -25% 25 38% PAT margin 1.1% 1.6% 0.9% EPS - Rs. 21 26 16
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https://group.teamlease.com © TeamLease Services Limited | Company Private & Confidential Consolidated Segment Results Particulars Q1FY27 Q4FY26 QoQ Q1FY26 YoY Revenue: General Staffing and Allied Services 2,797 2,671 5% 2,669 5% Specialised Staffing Services 188 177 6% 155 21% Other HR Services 50 77 -34% 45 12% Total Income from Operations 3,035 2,925 4% 2,869 6% EBITDA: General Staffing and Allied Services 29 30 -5% 28 3% Specialised Staffing Services 12 13 -10% 11 5% Other HR Services (2) 13 (7) Total operating EBITDA 38 56 -32% 32 18% Unallocated (6) (10) (1) Total group EBITDA 32 46 -31% 31 3% Operating EBITDA Margin 1.3% 1.9% 1.1% General Staffing and Allied Services 1.0% 1.1% 1.0% Specialised Staffing Services 6.2% 7.3% 7.2% Other HR Services -4.7% 16.5% -15.3% All ]Numbers are in ₹ Crores except for margins
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https://group.teamlease.com © TeamLease Services Limited | Company Private & Confidential Other HR All Numbers are in ₹ Crores
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https://group.teamlease.com Client & Hiring Momentum The demand-side signals behind the headline numbers 127 New logos added, Q1FY27 30% of gross associate hires were first-time job seekers 4,000+ Employers served across the group 20k Temping PR 75k gross hiring in Q1FY27 ● General Staffing added 28 new logos in the quarter, with over 65% onboarded under the variable-engagement model; a risk-sharing structure that should support margin resilience if demand softens. ● Degree Apprenticeship added 18 new client logos, with continued momentum specifically in the GCC segment. ● Specialised Staffing added 40 new client logos including 15 GCCs during the quarter. © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com Company Profile TeamLease has established itself as an end-to-end people supply chain solutions provider, delivering integrated workforce solutions across the employee lifecycle. Our staffing solutions span manpower sourcing, talent acquisition, workforce digitization, productivity enhancement, and compliance management. Our ISO 27001-certified integrated IT platform supports 3.5 lakh associates and apprentices and offers unique benefits plans that help manage attrition. We help businesses build agile, compliant, and future-ready workforces through scalable, technology-driven solutions across the 3Es: Employment, Employability, and E-workforce. 25 Years Founded 2000 | IPO 2016 4,000+ Employers served across the group 26 Lakh+ People placed to date 3.4 Lakh+ Associates & trainees 7.5 Lakh+ Students 28 States 7,500+ locations TeamLease delivers across three pillars: Employment ~3.4 lakh associates & trainees across General and Specialised Staffing Employability 7.5 lakh+ students through DA and TL EdTech E-Workforce 1,000+ employer clients engaged digitally across the platform © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com Our Journey 25 years from a four-office start-up to India's largest private-sector employer ambition 2000-02 Started operations from four offices, 20 clients, 40 employees 2011-16 First PE investment (Gaja Capital); acquired ASAP Info Systems & Nichepro to enter IT staffing 2016 Listed on BSE and NSE 2017-20 Built out RegTech (Avantis), EdTech (Schoolguru), I.M.S.I (IT Infra), Freshersworld (E-Hire) verticals via acquisition 2021 Became India's largest IT staffing company by headcount 2024-25 Acquired TSR Darashaw, entered HR TECH space; expanded to Singapore and UAE 2026 ₹238 Cr buyback completed; new MD & CEO (Suparna Mitra) takes charge © TeamLease Services Limited | Company Private & Confidential
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https://group.teamlease.com © TeamLease Services Limited | Company Private & Confidential Manish Sabharwal Non-Executive, Non-Independent Director Ashok Reddy Executive Vice Chairman & Whole-Time Director Narayan Ramachandran Chairman & Non-Executive Non-Independent Director Our Board of Directors Mekin Maheshwari Independent Director Subramaniam Somasundaram Independent Director & AC Chairman Meenakshi Nevatia Independent Director Rajnarayan Ramakrishnan Independent Director Ms. Suparna Mitra Managing Director & CEO
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https://group.teamlease.com © TeamLease Services Limited | Company Private & Confidential Shareholding Structure
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