BLS International Services , a global leader in visa and consular services, has reported strong financial results for the first quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company's consolidated revenue for Q1 FY '26 reached Rs. 710.00 crores, marking an impressive 44% year-on-year growth compared to Rs. 493.00 crores in the same quarter last year. This substantial increase was driven by strong performance in both the visa and consular services segment and the digital services segment.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a robust growth of 53% year-on-year, reaching Rs. 204.00 crores. The EBITDA margin expanded by 171 basis points to 28.70%, reflecting improved operational efficiency and cost management.

Profit After Tax (PAT) for the quarter stood at Rs. 181.00 crores, representing a significant 50% increase compared to the same period last year.

Segment Performance

Visa and Consular Services

The visa and consular services segment, which remains the core business for BLS International, delivered strong results:

• Revenue increased by 11% year-on-year to Rs. 461.00 crores
• Net revenue grew by 60% year-on-year to Rs. 360.00 crores
• EBITDA margin improved significantly to 40.40%, up from 29.30% in Q1 FY '25
• Processed 11.40 lakh applications, representing a 33.60% year-on-year growth

The company attributed this growth to the transition from partner-run to self-managed centers across many locations and the consolidation of iDATA, a recent acquisition.

Digital Services

The digital services segment witnessed exceptional growth:

• Revenue surged by 218% year-on-year to Rs. 250.00 crores
• EBITDA reached Rs. 18.00 crores

This growth was primarily driven by the consolidation of Aadifidelis Solutions and expansion in the Business Correspondent (BC) services.

Strategic Developments

BLS International has made significant strides in expanding its digital footprint:

• Signed a definitive agreement to acquire Customer Service Points (CSPs) of SBI and HDFC Bank from Sub-K IMPACT Solutions
• Onboarded over 10,000 retailers and entered into strategic partnerships with Bajaj FinServ and HDFC Bank
• Expanded services to include digitizing sub-registrar offices in Chhattisgarh and launching Aadhaar Enrollment Centers in Rajasthan

Management Commentary

Shikhar Aggarwal, Joint Managing Director of BLS International, commented on the results: "We have commenced FY '26 on a strong note. This quarter's performance reflects the strength of our operating model and the impact of our strategic execution. We have yet again achieved highest-ever quarterly financials."

Aggarwal also highlighted the company's future outlook, stating, "We are confident in our trajectory and are committed to delivering sustained value to all our stakeholders. We aim to maintain 20-25% growth in profitability and revenue over the next 3-4 years, with clear revenue visibility for 4-7 years ahead."

Financial Position

Despite investing over Rs. 1,000.00 crores in various strategic acquisitions during the previous financial year, BLS International maintains a strong net cash position of Rs. 1,126.00 crores as of June 30, 2025.

The company's robust Q1 performance underscores its successful growth strategy, focusing on scalability, margin expansion, and diversification across geographic and service lines. With its strong market position and continued focus on innovation and expansion, BLS International appears well-positioned for sustained growth in the coming years.

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.