BLS International FY26 PAT rises 34% to INR724 crores

BLS International Services Limited reported a robust financial performance for the year ended March 31, 2026 (FY26), with revenue rising 37% year-on-year to INR2,998 crores. Profit after tax (PAT) for the full year increased by 34% to INR724 crores, while EBITDA grew 30% to INR819 crores, maintaining a margin of 27.3%. The strong results were driven by higher application volumes, multiple contract wins, and an increase in net revenue per application in the Visa business, alongside a significant surge in the Digital Services segment.

Financial Highlights

The company delivered its highest ever performance across key parameters in FY26. Revenue, EBITDA, and PAT grew by 37%, 30%, and 34% respectively. Over the past three years, the company has reported a CAGR of 34% in revenue, 54% in EBITDA, and 49% in PAT. For the fourth quarter of FY26, revenue increased 18% year-on-year to INR815 crores, with PAT growing 29% to INR187 crores.

Metric	FY26	FY25	YoY Growth
Revenue	INR2,998 crores	INR2,193 crores	37%
EBITDA	INR819 crores	INR629 crores	30%
PAT	INR724 crores	INR540 crores	34%
Q4 Revenue	INR815 crores	INR693 crores	18%
Q4 PAT	INR187 crores	INR145 crores	29%

Segment Performance

The Visa & Consular Services segment grew by 11% to INR1,840 crores in FY26. EBITDA for this segment rose sharply by 30% to INR738 crores, with margins improving to 40.1% from 34.5% in the previous year. The company processed over 44.1 lakh applications during the year, up from 37.5 lakh, with net revenue per application increasing 14% to INR3,302. In Q4 FY26, the segment recorded revenue of INR472 crores, a 7% growth, driven by a 10% increase in visa application volumes.

The Digital Services business witnessed significant momentum, with revenue more than doubling to INR1,158 crores, registering a year-on-year growth of 114%. This growth was primarily attributed to the Business Correspondent (BC) business, including loan distribution, and increased scale in assisted digital and citizen service offerings. The Gross Transaction Value (GTV) for the BC business exceeded INR 1.1 lakh crores during the year.

Strategic Developments and Outlook

During the quarter, the company partnered with IACCIA to offer trade document attestation services and with Sypha AI to modernize its Visa & Consular business through AI-powered solutions. The company continues to maintain a strong balance sheet with a net cash balance of INR1,434 crores as of March 31, 2026. In line with its policy of rewarding shareholders, the Board has recommended a final dividend of INR0.5 per equity share, taking the total dividend for the year to 250% of face value.

Management stated that the company targets a growth of 20% to 25% on an increased base in FY27. The company is currently deploying the INR2,500 crores UIDAI Aadhaar project, which is expected to ramp up over the next 1 to 1.5 years. The contract has a tenure of 6 years and is expected to deliver EBITDA margins of 15% to 20%.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.04%	-3.76%	-11.04%	-20.86%	-33.07%	+691.78%

BLS International Services Limited has announced its audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. The company delivered a robust performance, with Revenue from Operations for FY26 growing by 36.7% year-on-year to Rs. 2,998.22 Crores, compared to Rs. 2,193.30 Crores in the previous year.

Financial Performance

For the financial year ended March 31, 2026, the company reported a consolidated net profit of Rs. 723.80 Crores, an increase of 34.12% compared to Rs. 539.65 Crores in FY25. EBITDA surged to Rs. 818.9 Crores, registering a growth of 30.12% YoY. For the quarter ended March 31, 2026, net profit stood at Rs. 186.90 Crores, while revenue from operations was Rs. 814.56 Crores. The Q4 EBITDA margin stood at 25%, compared to 25.13% in the same quarter of the previous year.

Particulars (Rs. Crores)	Q4FY26	Q4FY25	YoY	FY26	FY25	YoY
Revenue from Operations	814.56	692.77	17.6%	2,998.22	2,193.30	36.7%
EBITDA	203.56	174.1	17.1%	818.9	629.3	30.1%
EBITDA Margin	25%	25.13%	—	—	—	—
Net Profit	186.90	145.22	28.7%	723.80	539.65	34.1%

Operational Highlights

The Visa & Consular Services business witnessed strong profitability, with segment EBITDA margins reaching 40.1% in FY26. The company processed 44.1 lakh applications during the year, a growth of 17.6% YoY. The Digital Services business revenue grew by 114.4% YoY to Rs. 1,157.9 Crores, primarily driven by the consolidation of Aadifidelis Solutions. The Business Correspondent segment recorded a Gross Transaction Value (GTV) of Rs. 1,11,000+ Crores during the year.

Balance Sheet & Cash Flows

The company's net cash balance increased to Rs. 1,434 Crores in FY26 from Rs. 928 Crores in the previous year. Shareholders' funds rose to Rs. 2,422.3 Crores as of March 31, 2026, up from Rs. 1,689.7 Crores in the prior year. Total assets stood at Rs. 3,770.1 Crores, while total liabilities were recorded at Rs. 3,770.1 Crores.

Board Decisions

The Board of Directors, in its meeting held on May 19, 2026, recommended a final dividend of Rs. 0.50 per equity share. This is in addition to the interim dividend of Rs. 2.0 per share already paid during the year, making the total annual dividend payout approximately Rs. 103 Crores for FY26. The Board also approved the re-appointment of M/s. Nangia & Co. LLP as Internal Auditors for FY 2026-27 and appointed Mr. Gaurav Aggarwal as President-Business Development.