BLS International Services (BLS) Q3 24/25 earnings summary

Executive summary

• Achieved record financial performance in Q3 FY25 with consolidated revenue of INR 513 crores (up 17% YoY) and PAT of INR 128 crores (up 47% YoY); 9M FY25 revenue reached INR 1,501 crores and PAT INR 394 crores.

• Surpassed full-year FY24 EBITDA and PAT within 9M FY25, with EBITDA at INR 455 crores.

• Major acquisitions included iDATA, Citizenship Invest, Aadifidelis, SLW Media, and BLS UK Hotels, strengthening core and digital businesses.

• Integration of acquisitions and a shift to a self-managed model significantly improved margins.

• Net cash position stood at INR 690 crores as of December 31, 2024.

Financial highlights

• Q3 FY25 revenue: INR 513 crores (up 17% YoY); 9M FY25 revenue: INR 1,501 crores (up 22% YoY).

• Q3 FY25 EBITDA: INR 158 crores (up 79% YoY); 9M FY25 EBITDA: INR 455 crores (up 78% YoY).

• Q3 FY25 profit after tax: INR 128 crores (up 47% YoY); 9M FY25 PAT: INR 394 crores (up 64% YoY).

• Earnings per share for Q3 FY25: INR 2.93 vs INR 2.05 in Q3 FY24.

• PAT margin improved to 24.9% in Q3 FY25 and 26.3% in 9M FY25.

Outlook and guidance

• Management aims to maintain current margin levels as the new base, focusing on organic and inorganic growth.

• Aggressive bidding, geographic expansion, and acquisitions are key strategies.

• IPO proceeds from BLS E-Services Limited are earmarked for technology, growth, and general corporate purposes, with significant unutilized funds in term deposits.