InvestorQ : Why did Teamlease rally so sharply after the results of Mar-21 quarter?
NISHA Nayak made post

Why did Teamlease rally so sharply after the results of Mar-21 quarter?

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Priyanka N answered.
1 week ago
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Teamlease stock was up 17% on 09 June on the back of very encouraging set of results posted for Mar-21 quarter. The net profit at Rs.19.6 crore was due to healthy operating performance against net loss of Rs.-29.4 crore in Mar-20 quarter.

Revenues were flat at Rs.1,350 crore but EBITDA margins grew from 1.50% to 1.90%. the good news for the company was that the General Staffing business was back to pre-Covid levels even as specialized staffing was still short. Teamlease strengthened its digitalization strategy.
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