BLS International Services Limited , a global leader in outsourcing of visa, passport, consular, and citizen services, has reported robust financial performance for the second quarter of fiscal year 2026, alongside securing a significant government contract.

Financial Highlights

BLS International delivered impressive results for Q2 FY26:

The company's visa and consular services segment, which forms the core of its operations, showed solid growth:

Visa application volumes increased by 12% year-on-year, reaching 11.3 lakh applications in Q2 FY26, up from 10.1 lakh in the same period last year. The net revenue per application also saw a 12% increase, rising from ₹2,883 to ₹3,223.

Digital Services Expansion

The company's digital services segment experienced substantial growth, with revenue surging from ₹77 crores in Q2 FY25 to ₹278 crores in Q2 FY26, marking a 259% year-on-year increase. This growth was primarily attributed to the consolidation of Aadifidelis Solutions, acquired in November 2024.

Major Contract Win

In a significant development, BLS International secured a contract worth approximately ₹2,000 crores from the Unique Identification Authority of India (UIDAI). The six-year agreement involves establishing district-level Aadhaar Seva Kendras, reinforcing the company's position in executing large-scale e-governance and public service delivery projects.

Strategic Partnerships

The company has been actively expanding its partner ecosystem in the digital services sector. Notable partnerships were formed with Aditya Birla Capital and Piramal Finance in July 2025, aimed at broadening service offerings and enhancing customer reach.

Business Expansion

BLS International's digital service network now exceeds 147,000 touchpoints, underlining its commitment to financial inclusion and digital service enhancement across India. The company processed around 3.5 crore transactions in its BC (Business Correspondent) operations during the quarter, with gross transactional value surpassing ₹27,300 crores.

Challenges and Outlook

While the company faces a temporary ban from the Ministry of External Affairs on new tenders due to customer complaints, management remains confident of resolving the issue soon. The ban does not affect existing contracts or operations.

Looking ahead, BLS International aims to maintain its growth trajectory, focusing on both its core visa services and expanding digital business. The company's strategic acquisitions and partnerships, coupled with its growing global footprint, position it well for continued success in the outsourcing services sector.

BLS International Services , a leading tech-enabled services provider, has announced a significant expansion of its international portfolio by securing a five-year global contract with the Slovak Republic. This strategic move is set to strengthen the company's position in the government services sector.

Contract Details

The newly secured contract with the Slovak Republic spans a five-year period, highlighting the long-term nature of this partnership. While specific financial details of the deal have not been disclosed, this agreement is expected to contribute positively to BLS International's global service offerings.

Implications for BLS International

This contract marks an important milestone for BLS International Services, as it:

1. Expands the company's international service portfolio
2. Reinforces its position in the government services sector
3. Demonstrates the company's capability to secure long-term contracts with sovereign nations

Company Background

BLS International Services specializes in providing tech-enabled services, particularly in the realm of government and diplomatic missions. This new contract aligns with the company's core competencies and its strategy for global expansion.

Investor Relations Update

In related news, BLS International has also announced an upcoming investor/analyst meet:

The company has emphasized that no unpublished price-sensitive information will be shared during this meeting. Discussions will focus on the company's published financial and operational performance.

Outlook

While it's too early to quantify the exact impact of this new contract on BLS International's financial performance, the five-year duration suggests a stable revenue stream for the foreseeable future. The agreement with the Slovak Republic not only expands BLS International's geographical reach but also potentially opens doors for similar contracts with other European nations.

As BLS International continues to strengthen its global presence, investors and industry observers will be keenly watching how this new contract influences the company's growth trajectory and market position in the government services sector.