BLS International Services (BLS) Q4 14/15 earnings summary

Executive summary

• FY2014-15 consolidated revenue was ₹4,500,195,214 and net profit was ₹235,803,617, versus ₹3,859,942,645 and ₹204,623,449 in FY2013-14.

• Standalone turnover reached ₹136,217,065; net profit was ₹6,956,402, compared with ₹99,713,207 and ₹6,781,876 in FY2013-14.

• Visa and passport processing remained the core business, with a stated focus on growing the international client base.

Financial highlights

• Consolidated EBITDA was ₹290,290,952 versus ₹243,292,482; profit before tax was ₹239,208,443 versus ₹208,036,235.

• Consolidated tax expense was ₹3,404,826 versus ₹3,412,786; net profit after tax was ₹235,803,617 versus ₹204,623,449.

• Standalone PBT before tax and depreciation was ₹28,080,282 versus ₹20,831,255; tax liability was ₹3,404,826.

Outlook and guidance

• Outlook was described as bright in prevailing market conditions; plans focused on international client expansion, supported by key hires.

• Opportunities identified included international government tenders, joint visa application centres, e-Governance, visa consultancy and expansion of India’s electronic travel visa access.