BLS International Services (BLS) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly revenue of INR 891 crores (up 25.3% YoY), highest ever EBITDA of INR 252 crores, and PAT of INR 202 crores, reflecting robust growth across visa/consular and digital segments.

• Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with strong year-over-year growth in revenue and profit.

• Growth driven by diversified business model, global footprint in over 100 countries, and disciplined execution, with both segments contributing to performance.

• Strategic initiatives included new contracts (e.g., Belarus visa in Mumbai), technology enhancements (AI-powered VoiceBot), and expansion in digital services.

• Appointed Mr. Manoj Joshi as Additional Non-Executive Independent Director and re-appointed Mr. Shikhar Aggarwal as Joint Managing Director.

Financial highlights

• Consolidated revenue rose 25.3% year-on-year to INR 891 crores; EBITDA up 23.6% to INR 252 crores; PAT up 11.4% to INR 202 crores.

• EBITDA margin stable at 28.3% year-on-year; visa/consular segment margin at 40.3%; digital segment margin improved to 8.2%.

• Net cash position of INR 1,617 crores as of June 30, 2026; asset-light model supports strong cash conversion.

• Net profit for the quarter was ₹22,099.27 lakhs, compared to ₹17,715.34 lakhs in the same quarter last year.

• Basic and diluted EPS for the quarter were ₹4.62 and ₹4.60, respectively, up from ₹4.15 in the prior year.

Outlook and guidance

• Organic revenue growth guidance of 15%-20% annually for the next five years, with Q1 performance exceeding this at 25%.

• Aggressive bidding for new tenders, geographic expansion, and continued investment in technology and brand building planned.

• Target to maintain consolidated EBITDA margin at 28.3%, with visa business at 40% and digital at 8%.

• Full revenue from Aadhaar project expected by Q4 FY 2027 to Q1 FY 2028.

• Shareholders approved changes in IPO fund utilization, supporting inorganic growth and technology upgrades.