BLS International Reports 44% Revenue Growth in Q1, Appoints New Chairman
By ScanX News Team
BLS International Services Limited reported impressive Q1 financial results with a 44.2% YoY increase in consolidated revenue to Rs. 710.60 crores. EBITDA grew by 53.4% to Rs. 204.20 crores, and net profit surged 49.8% to Rs. 181.00 crores. The company's Visa and Consular Services segment saw an 11.2% revenue increase, while the Digital Services segment experienced a 218.2% revenue growth. The Board approved the appointment of Mr. Diwakar Aggarwal as Chairman-Executive Director and re-appointed Mr. Nikhil Gupta as Managing Director, both for three-year terms.
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BLS International Services Limited , a leading global tech-enabled services partner for governments and citizens, has reported strong financial results for the first quarter, along with key leadership appointments.
Financial Highlights
BLS International's consolidated revenue from operations surged by 44.2% year-over-year to Rs. 710.60 crores, compared to Rs. 492.70 crores in the same quarter last year. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw an impressive growth of 53.4%, reaching Rs. 204.20 crores, up from Rs. 133.20 crores in the previous year's corresponding quarter. The EBITDA margin expanded by 171 basis points to 28.7%.
Net profit for the quarter stood at Rs. 181.00 crores, marking a significant increase of 49.8% from Rs. 120.80 crores in the corresponding quarter of the previous year. The company's profit after tax (PAT) margin improved by 95 basis points to 25.5%.
Segment Performance
Visa and Consular Services
This segment reported revenue of Rs. 460.70 crores, an 11.2% increase from the previous year. The segment's EBITDA grew by 53.4% to Rs. 186.00 crores, with the EBITDA margin improving to 40.4% from 29.3% in the previous year's corresponding quarter.
Digital Services
The Digital Services segment witnessed substantial growth, with revenue increasing by 218.2% year-over-year to Rs. 249.90 crores. This segment's EBITDA rose to Rs. 18.30 crores, marking a 53.4% increase from the previous year.
Key Appointments
The Board of Directors has approved the appointment of Mr. Diwakar Aggarwal as Chairman-Executive Director for a term of three years, effective August 5, 2025, subject to shareholder approval. Mr. Aggarwal brings over three decades of experience in providing technology-enabled services to governments and citizens.
Additionally, the Board has re-appointed Mr. Nikhil Gupta as Managing Director for another three-year term, starting February 1, 2026, also subject to shareholder approval. Mr. Gupta has over four decades of experience in audit, consulting, finance, and leadership roles in multinational corporations and Indian conglomerates.
Other Developments
The company's subsidiary, BLS E Services Ltd. (BLSE), which was listed on BSE/NSE on February 6, 2024, has utilized Rs. 9,241.87 lakhs out of the Rs. 27,774.50 lakhs raised through its IPO. The funds are being used for strengthening technology infrastructure, setting up BLS Stores, and general corporate purposes.
BLS International has made several strategic acquisitions in the previous year, including Citizenship Invest, DMCC, UAE, and iDATA Danismanlik ve Hizmet Dis Ticaret Anonim Sirketi, which have contributed to the company's growth and expanded its global footprint.
The 41st Annual General Meeting of the company is scheduled for September 16, 2025, to be held through video conferencing or other audio-visual means.
With these strong financial results and strategic leadership appointments, BLS International Services Limited appears well-positioned for continued growth in the global tech-enabled services sector.
Historical Stock Returns for BLS International Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.94% | +7.20% | +5.88% | -9.89% | +14.19% | +1,708.74% |
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