BLS International Services (BLS) Q1 25/26 earnings summary

Executive summary

• Achieved 44% year-over-year revenue growth in Q1 FY26, reaching INR 710.6 crores, driven by organic expansion, strategic acquisitions, and a shift to a self-managed model.

• EBITDA grew 53% YoY to INR 204.2 crores, with margin expanding to 28.7% due to operational efficiencies.

• Profit after tax increased 50% YoY 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, and made key board appointments.

• Celebrated 20th anniversary and scheduled 41st AGM for September 16, 2025.

Financial highlights

• Q1 FY26 consolidated revenue reached INR 710.6 crores (up 44% YoY); EBITDA INR 204.2 crores (up 53% YoY); PAT INR 181 crores (up 50% YoY).

• Net cash position stood at INR 1,126 crores as of June 30, 2025, up from INR 928 crores on March 31, 2025.

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

• FY25 revenue was INR 2,193.3 crores, EBITDA INR 629.3 crores, and PAT INR 539.6 crores.

• Paid-up equity share capital remained at INR 4,117.41 lakhs.

Outlook and guidance

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

• Aggressive bidding for new tenders, expansion into new geographies, and focus on digital and value-added services.

• Confident in maintaining current margin levels, with growth driven by new contracts and M&A.

• Many major contracts up for renewal in the next two years, representing a USD 1–2 billion opportunity.

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