Bluspring Enterprises Limited, India's leading infrastructure management services company, has announced robust financial results for the second quarter of FY 2025-26, demonstrating significant growth across key metrics.

Financial Highlights

For Q2 FY26, Bluspring reported:

• Revenue of ₹837.00 crore, up 14% year-over-year (YoY) and 8% quarter-over-quarter (QoQ)
• EBITDA of ₹29.00 crore, a 1% YoY increase and a substantial 22% QoQ rise
• EBITDA margin improvement of 41 basis points QoQ to 3.5%
• Profit After Tax (PAT) of ₹16.00 crore, showing a strong 19% YoY and 38% QoQ growth
• Headcount increase to over 90,000, up 5% YoY and 3% QoQ

Segment Performance

Bluspring's diverse business segments all contributed to the company's growth:

Facility and Food Services

• Revenue: ₹514.00 crore (14% YoY growth)
• EBITDA: ₹21.00 crore with a 4% margin
• 14 new contracts added with an annual contract value (ACV) of ₹37.00 crore

Telecom and Industrial Services

• Revenue: ₹155.00 crore (11% YoY growth)
• EBITDA: ₹13.00 crore with an 8.3% margin
• Added 6 new contracts with an ACV of ₹40.00 crore

Security Services

• Revenue: ₹168.00 crore (19% YoY growth)
• EBITDA: ₹5.00 crore with a 3% margin
• Man-guarding headcount up by 16% YoY to over 23,000 guards
• 17 new clients added with an ACV 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

Strategic Developments

Bluspring has also announced the acquisition of an additional 2% stake in its subsidiary, Vedang Cellular Services Private Limited, for ₹4.16 crore. This move will increase Bluspring's shareholding in Vedang from 96.98% to 98.98%, further strengthening its position in the telecom network services sector.

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."

The company's strong performance and strategic moves indicate a positive outlook for Bluspring Enterprises, as it continues to expand its presence across various infrastructure management services sectors in India.

Bluspring Enterprises Limited , a leading infrastructure management services company, has announced the acquisition of an additional 2% stake in Vedang Cellular Services Private Limited. This move increases Bluspring's ownership in the telecom services provider from 96.98% to 98.98%, further solidifying its position in the telecom network services sector.

Transaction Details

The Board of Directors of Bluspring Enterprises approved the purchase of the additional equity shares from Mr. Ashish Kapoor for ₹4.16 crore. This transaction is in accordance with the Shareholder's Agreement dated October 25, 2017, and is expected to be completed within one month.

About Vedang Cellular Services

Vedang Cellular Services, incorporated on April 5, 2010, is a key player in the Telecom Network Operations & Maintenance space. The company provides training, consultancy, advisory, engineering, installation, and commissioning services in the cellular wireless telecom field. With a workforce of over 3,500 skilled technicians and engineers deployed across different client sites, Vedang has established a strong presence in 22 telecom circles across India.

Financial Performance

Vedang has shown significant growth in recent years:

This consistent revenue growth underscores Vedang's expanding footprint in the telecom services sector.

Strategic Implications

The increased stake in Vedang aligns with Bluspring's strategy to strengthen its position in the telecom network services industry. Vedang's strong industry relations, service offerings, and technical capabilities complement Bluspring's existing portfolio of infrastructure management services.

This acquisition is part of Bluspring's efforts to expand its presence in key sectors and enhance its service offerings. By increasing its ownership in Vedang, Bluspring aims to leverage synergies and potentially drive further growth in the telecom services segment.

The transaction, classified as a related party transaction, has been conducted on an arm's length basis, ensuring transparency and fairness in the deal structure.

As Bluspring Enterprises continues to evolve its business model and expand its market presence, this strategic move reinforces its commitment to the telecom sector and positions the company for potential future growth opportunities in this dynamic industry.