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Motilal Oswal Recommends TeamLease Buy, Sets Rs 1850 Target
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Motilal Oswal Recommends 'Buy' on TeamLease, Sets Target at INR 1850
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Moneycontrol
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06-02-2026, 16:56
Motilal Oswal Recommends 'Buy' on TeamLease, Sets Target at INR 1850
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Motilal Oswal reiterates 'BUY' rating for TeamLease with a target price of INR 1850.
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TeamLease's 3QFY26 revenue growth of 4% YoY was below Motilal Oswal's estimate of 12% YoY.
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General Staffing declined 1.0% QoQ, while Specialized Staffing grew 2% QoQ.
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EBITDA margin of 1.4% was in line with expectations, with EBITDA improving 11% QoQ.
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Adjusted PAT at INR480m was up 69% YoY/73% QoQ, excluding one-time labor code costs.
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