This company has reported Q4Fy18 results, revenue from operation rose by 19.1% (Y-o-Y) & 6.1% (Q-o-Q) basis, EBITDA margin expanded by 70 bps (Y-o-Y). Net profit fell by 36% (Y-o-Y) but was up 15.3% (Q-o-Q) to Rs 212 million. Full-year basis, revenue from operations rose by 18.8% (Y-o-Y), EBITDA rose by 85% to Rs. 685 million and net profit increased by 28% (Y-o-Y) to Rs. 735 million. PAT was lower on Y-o-Y basis because of tax reversal of Rs 137 million in Q4 FY17 vs current quarter tax reversal of Rs 5 million.
EBITDA margin expansion on yearly basis was on account of 103 bps yearly basis decline in employee cost as a percentage of sales. This may be owing to better pricing. General Staffing and Allied Services revenue grew by 13.1% on yearly basis and 5.1% on quarterly basis. Specialised Staffing Services revenue grew by 211.1% on yearly basis and 24% on quarterly basis. Other HR Services were up 67.1% on yearly basis and 14.4% on quarterly basis.
Teamlease had forayed into digital space through acquisitions of Freshers World and Schoolguru. Integration of telecom service and IT staffing business is done and will start contributing towards revenue from this year, both the telecom business & IT staffing business are high margin businesses. Teamlease has reported free cash flow of Rs 1200 million in FY 2018, which will be used for M&A activity going forward.