TeamLease Services Q2 Net Profit at Rs 9 Crore
Staffing services firm TeamLease Services has reported a net profit of Rs 9.03 crore for the quarter ended September 30, 2016, a jump of 58 percent compared to the year-ago period. The company had reported a net profit of Rs 5.72 crore in the quarter ended September 2015, a company statement said.
"The steps towards staffing vertical growth has gained momentum with the closure of acquisitions of ASAP Info Systems and Nichepro in the IT staffing space," TeamLease Services Managing Director Ashok Reddy said.
Gross revenue of the company stood at Rs 840.88 crore for the second quarter of this fiscal with 14 percent yearly jump.
"The continued focus on productivity, margin improvement and client acquisitions has seen good traction. We stay true to our core objectives and metrics of...