Bluspring Enterprises Limited, a leading provider of business services, has reported a robust performance for the second quarter of fiscal year 2026, with significant growth across its key business segments.

Financial Highlights

• Revenue: ₹837.00 crores, up 14% year-on-year and 8% quarter-on-quarter
• EBITDA: ₹29.00 crores, up 1% year-on-year and 22% quarter-on-quarter
• EBITDA Margin: Improved from 3.1% in Q1 to 3.5% in Q2
• PAT: ₹16.00 crores, up 19% year-on-year and 38% sequentially

Segment-wise Performance

Key Operational Highlights

• Secured 36 new contracts worth ₹110.00 crores across facilities, maintenance, food, and industrial verticals in H1 FY26
• Achieved highest-ever quarterly headcount addition of 1,300 guards in the security business
• Expanded into new segments such as sports & leisure, serving as the exclusive hospitality partner for the World Para Athletics Championship

Business Outlook

Kamal Pal Hoda, Executive Director and CEO of Bluspring Enterprises, commented on the company's performance and future outlook: "We are confident of maintaining this growth trajectory. Our focus for the second half of the year will be on sustaining healthy double-digit revenue growth while expanding EBITDA margins further to 4% by the end of this year."

Challenges and Strategies

The company faced some challenges in cash flow management due to delays in contract novations following the demerger. This led to an increase in Days Sales Outstanding (DSO) to 105 days from the usual 90 days. However, management expects to bring the net debt position to sub-100 levels by year-end through improved collections.

foundit Performance

The company's job search platform, foundit, showed signs of improvement:

• Revenue grew 4% quarter-on-quarter to ₹21.00 crores
• Cost base reduced from ₹43.50 crores to ₹33.00 crores
• Recruiter search and six-month active users grew by 49% and 8% quarter-on-quarter, respectively

Bluspring Enterprises continues to focus on product upgrades, cost optimization, and sales acceleration for foundit, aiming to approach break-even by the end of the fiscal year.

The company's strategic investments in leadership, sales teams, and technology are beginning to yield results, positioning Bluspring Enterprises for sustained growth and margin expansion in the coming quarters.

Bluspring Enterprises Limited, India's leading infrastructure management services company, has announced robust financial results for the second quarter of fiscal year 2026, ended September 30, 2025. The company demonstrated significant growth across key financial metrics, showcasing its resilience and strategic execution in a competitive market.

Financial Highlights

• Revenue reached ₹837.00 crore, marking a 14% year-over-year increase and an 8% quarter-on-quarter growth.
• EBITDA stood at ₹29.00 crore, with the EBITDA margin improving by 41 basis points quarter-on-quarter to 3.5%.
• Profit After Tax (PAT) grew by 19% year-over-year to ₹16.00 crore, with a 38% increase quarter-on-quarter.
• The company's headcount expanded to over 90,000, reflecting a 5% year-over-year increase.

Segment-wise Performance

Facility and Food Services

• Revenue: ₹514.00 crore, up 14% year-over-year
• EBITDA: ₹21.00 crore, with a margin of 4%
• Added 14 new contracts with an annual contract value of ₹37.00 crore

Telecom and Industrial Services

• Revenue: ₹155.00 crore, up 11% year-over-year
• EBITDA: ₹13.00 crore, with an improved margin of 8.3%
• Strong growth in Industrials, securing 6 new contracts worth ₹40.00 crore in annual contract value

Security Services

• Revenue: ₹168.00 crore, up 19% year-over-year
• EBITDA: ₹5.00 crore, with a margin of 3%
• Man-guarding headcount increased by 16% year-over-year to over 23,000 guards
• Added 17 new clients with an annual contract value of ₹19.00 crore

foundit (Investment)

• Revenue: ₹21.00 crore
• EBITDA: ₹(12.00) crore
• Implemented cost optimization measures, reducing the quarterly cost base from ₹44.00 crore to ₹33.00 crore

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."

Strategic Developments

The company's Board of Directors has approved the purchase of an additional 2% equity stake in Vedang Cellular Services Private Limited, a subsidiary, for ₹4.16 crore. This acquisition will increase Bluspring's shareholding in Vedang from 96.98% to 98.98%, further consolidating its position in the Telecom Network Services sector.

Outlook

Bluspring Enterprises' strong performance across its diverse business segments, coupled with strategic investments and operational improvements, positions the company well for continued growth. The management's focus on margin expansion, client acquisition, and operational efficiency is expected to drive sustainable long-term value for shareholders.

As Bluspring continues to expand its presence in key sectors such as facility management, telecom, industrial services, and security, it remains committed to delivering operational excellence through smart, sustainable, and secure experiences across its nationwide workforce of over 90,000 professionals.