BLS International Services (BLS) investor relations material

Executive summary

• Achieved 44% year-over-year revenue growth in Q1 FY26, reaching INR 710.6 crores, driven by organic expansion, innovation, and consolidation of recent acquisitions.

• EBITDA grew 53% year-over-year to INR 204 crores, with margin expansion to 28.7% due to operational efficiencies and a shift to a self-managed model.

• Profit after tax rose 50% year-over-year to INR 181 crores, with PAT margin improving to 25.5%.

• Board approved unaudited standalone and consolidated financial results for Q1 ended June 30, 2025, with strong year-over-year growth in revenue and profit.

• Multiple acquisitions and key board appointments supported expansion and operational control.

Financial highlights

• Q1 FY26 consolidated revenue reached INR 710.6 crores, up 44% year-over-year from INR 493 crores; EBITDA at INR 204 crores (up 53% YoY); PAT at INR 181 crores (up 50% YoY).

• EBITDA margin expanded to 28.7% from 27.0% YoY; PAT margin improved to 25.5% from 24.5%.

• Net cash position at INR 1,126 crores as of June 30, 2025; net cash balance as of March 2025: INR 928 crores.

• Basic and diluted EPS for Q1 FY26 stood at INR 4.15, compared to INR 2.77 in Q1 FY25.

• FY25 revenue: INR 2,193.3 crores (up 30.8% YoY); FY25 EBITDA: INR 629.3 crores (up 82.1% YoY); FY25 PAT: INR 539.6 crores (up 65.7% YoY).

Outlook and guidance

• Confident in maintaining 20–25% annual growth in profitability and revenue over the next 3–4 years.

• Clear revenue visibility for the next 4–7 years due to recent contract renewals and wins.

• Focus on aggressive bidding for new tenders, geographic expansion, and diversification into digital and value-added services.

• Continued investment in technology, scalability, and inorganic growth opportunities.

• IPO proceeds from subsidiary BLS E Services Ltd. are being deployed for technology, organic and inorganic growth, and general corporate purposes.