Bluspring Enterprises

Bluspring Enterprises Limited held its first earnings call as an independent entity following its demerger from Quess Corp. The company reported quarterly revenue of INR 777 crores, representing 13% year-on-year growth, though EBITDA declined 11% to INR 24 crores. The facilities and food services segment, contributing 60% of revenue, grew 13% year-on-year to INR 476 crores. Telecom and industrial services revenue increased 20% year-on-year to INR 152 crores, while security services grew 8% to INR 149 crores. The company added 46 new clients with an annual contract value of INR 93 crores. CEO Kamal Pal Hoda attributed margin pressure to seasonal softness in high-margin food and telecom businesses, wage inflation, and strategic investments in leadership teams post-demerger. The company operates through multiple brands including Avon for facilities, Indya Foods for catering, Hofincons for industrial services, Vedang for telecom, and Terrier for security services. Bluspring maintains a 70% stake in foundit, an AI-powered job search platform that reported INR 20 crores in revenue. Management targets moving from current 3.1% EBITDA margins to 4% by year-end, with long-term goals of 6% margins and 20% return on equity.