Latest news about Bluspring Enterprises
Bluspring Enterprises
58.67
-0.98(-1.64%)
Company Performance:
View Company Insights1D-1.64%
1M-10.88%
6M-35.98%
1Y-30.61%
5Y-30.61%
More news about Bluspring Enterprises
06Nov 25
Bluspring Enterprises Expands Stake in Vedang Cellular Services to 98.98%
Bluspring Enterprises Limited has acquired an additional 2% stake in Vedang Cellular Services Private Limited for ₹4.16 crore, increasing its ownership from 96.98% to 98.98%. The transaction, approved by Bluspring's Board of Directors, is expected to be completed within a month. Vedang Cellular Services, a key player in Telecom Network Operations & Maintenance, has shown significant revenue growth over the past years, with ₹326.10 crores projected for FY 2025.
06Nov 25
Bluspring Enterprises Posts Strong Q2 Results with 14% Revenue Growth
Bluspring Enterprises, an Indian infrastructure management services company, reported robust Q2 FY24 results. Revenue increased by 14% year-over-year to ₹837.00 crore, while EBITDA grew 22% quarter-on-quarter to ₹29.00 crore. Profit After Tax rose 19% year-over-year to ₹16.00 crore. The company saw growth across all segments: Facility and Food Services (14% YoY revenue growth), Telecom and Industrial Services (11% YoY revenue growth), and Security Services (19% YoY revenue growth). The company added 37 new clients and expanded its workforce to over 90,000 employees.
07Aug 25
Bluspring Enterprises Reports 13% Revenue Growth in Inaugural Earnings Call Post-Demerger
Bluspring Enterprises, recently demerged from Quess Corp, reported a 13% year-on-year revenue growth to INR 777.00 crores in its first earnings call as an independent entity. Despite growth, the company faced margin pressures with EBITDA declining 11% to INR 24.00 crores. Facilities and Food Services segment grew 13% to INR 476.00 crores, Telecom and Industrial Services increased 20% to INR 152.00 crores, and Security Services grew 8% to INR 149.00 crores. The company aims to improve EBITDA margin from 3.10% to 4.00% by year-end, with long-term goals of 6% EBITDA margins and 20% return on equity. CEO Kamal Pal Hoda expressed commitment to creating long-term value and explained that margin decline was due to seasonal softness and strategic investments.
31Jul 25
Bluspring Enterprises Reports 13% Revenue Growth to ₹777 Cr in Q1, EBITDA Declines
Bluspring Enterprises announced Q1 financial results with consolidated revenue up 13% YoY to ₹777.00 crores. EBITDA decreased 11% to ₹24.00 crores with a 3.1% margin. Adjusted PAT fell 5% to ₹13.00 crores. Facility & Food Services and Telecom & Industrials segments showed strong revenue growth, while Security Services grew moderately. The company added new contracts across segments and increased its total headcount by 4% YoY to 87,378. Bluspring aims for long-term objectives of 3x GDP organic growth, 6% EBITDA margin, and 20% ROE.
31Jul 25
Bluspring Enterprises Reports Q1 Net Loss Despite Revenue Growth
Bluspring Enterprises Limited reported a consolidated net loss of 48.00 million rupees in Q1, compared to a 6.00 million rupees profit in the same period last year. However, the company's revenue increased by 10.69% to 7.97 billion rupees from 7.20 billion rupees year-over-year. The contrasting financial results indicate strong demand for services but suggest increased costs or operational challenges affecting profitability.
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