TeamLease Q4 results: Net profit rises 14% on general staffing strength

India’s TeamLease Services reported a 14.8% rise in fourth-quarter profit on Wednesday, led by growth in its general staffing business.

The company said consolidated net profit came in at 274.8 million rupees ($3.30 million) for the three months ended March 31.

Total revenue rose 20% to 24.32 billion rupees ($292.07 million), with the company’s general staffing business that accounts for roughly 92% of the total, up 21%.

Revenue from its specialised IT staffing business increased 4.7%, compared with a 12.3% rise in the previous quarter.