Bluspring Enterprises , a leading infrastructure management services company in India, has reported robust financial results for the second quarter ended September 30.

Key Financial Highlights

• Revenue surged by 14% year-over-year to ₹837.00 crore
• EBITDA increased by 22% quarter-on-quarter to ₹29.00 crore
• EBITDA margin improved by 41 basis points sequentially to 3.50%
• Profit After Tax (PAT) grew by 19% year-over-year to ₹16.00 crore
• Headcount expanded by 5% year-over-year to over 90,000

Segment Performance

The company's growth was driven by strong performances across its key business segments:

Facility and Food Services

• Added 14 new contracts with an annual contract value of ₹37.00 crore

Telecom and Industrial Services

• Strong growth in Industrials, securing 6 new contracts worth ₹40.00 crore in annual contract value

Security Services

• Man-guarding headcount increased by 16% year-over-year to over 23,000 guards

Management Commentary

Kamal Pal Hoda, Executive Director & CEO of Bluspring Enterprises, commented on the results: "We delivered a robust quarter of 14% year-on-year growth in revenues alongside a 19% increase in Adj. PAT with margins improving by 43 bps sequentially this quarter. Our leadership investments and improved operational efficiencies are now reflected in margin expansion and client additions. With 37 new clients onboarded at better margins and reduced client mobilization time, we expect these trends to continue driving robust growth and profitability."

About Bluspring Enterprises Limited

Bluspring Enterprises Limited is committed to delivering operational excellence through smart, sustainable, and secure experiences. With a nationwide workforce of over 90,000 professionals, Bluspring unifies six powerhouse brands – Avon, Indya Foods, Terrier, Hofincons, Vedang, and foundit – into a single, integrated ecosystem. The company provides services across various sectors, including educational institutes, airports, hospitals, manufacturing and industrial sites, public utilities, and corporate campuses.

Bluspring Enterprises Limited, recently demerged from Quess Corp, held its first earnings call as an independent entity, reporting a 13% year-on-year revenue growth to INR 777.00 crores. However, the company faced margin pressures, with EBITDA declining 11% to INR 24.00 crores.

Segment Performance

Facilities and Food Services

• Revenue grew 13% year-on-year to INR 476.00 crores
• Contributed 60% of total revenue
• Added 22 new contracts with an Annual Contract Value (ACV) of INR 73.00 crores
• Seasonal softness in the food business due to educational institutions' closure in June and July

Telecom and Industrial Services

• Revenue increased 20% year-on-year to INR 152.00 crores
• Telecom vertical alone grew 32% year-on-year
• Slight quarter-on-quarter dip due to seasonal factors and delayed network rollouts

Security Services

• Revenue grew 8% year-on-year to INR 149.00 crores
• Headcount increased 10% year-on-year and 3% quarter-on-quarter
• Now holds PSARA licenses across 24 states

Foundit (AI-powered job search platform)

• Revenue grew 6% quarter-on-quarter to INR 20.00 crores
• Organic job postings grew to 131%
• Recruitment search and six-month active users grew 11% and 9% respectively

Financial Highlights

Strategic Initiatives and Outlook

• Targeting EBITDA margin improvement from 3.10% to 4.00% by year-end
• Long-term goals include 6% EBITDA margins and 20% return on equity
• Investing in new central kitchen in Bangalore, expected to be operational by Q3
• Launched "Smart Homes" program and a new training center for security guards
• Revamped foundit product with improved UI/UX and search relevance
• Aiming for foundit to breakeven by Q3 FY26

Management Commentary

Kamal Pal Hoda, CEO of Bluspring Enterprises, stated, "With the demerger now behind us, we are stepping forward with a renewed sense of purpose, a sharper vision, and a strong commitment to create long-term value."

Regarding margin pressure, Hoda explained, "The decline is due to seasonal softness in our high-margin Food and Telecom business, the impact of wage inflation, and strategic investments in leadership teams post-demerger."

The company remains committed to delivering growth at 3x of GDP, achieving 6% EBITDA margins, and 20% return on equity in the long term.

Bluspring Enterprises aims to position itself as a diversified infrastructure management company, leveraging its national reach and breadth of services to drive growth and profitability in the coming quarters.