Bls International Services Ltd

Profit before tax (PBT) stood at Rs 140.20, up 54.08%, compared with Rs 90.99 crore posted in Q3 FY24. During the quarter, EBITDA jumped 78.5% to Rs 158.1 crore as against Rs 88.6 crore recorded in the third quarter of FY24. EBITDA margin expanded 1,059 bps to 30.8% during the quarter, compared with 20.2% in Q3 FY24. Margin expansion was enhanced by the ongoing transition from partner run to self-managed model and integration of newly acquired businesses. Revenue from Visa & Consular Business grew by 3.1% growth to Rs 375.7 crore in Q3 FY25, compared with Rs 364.4 crore in Q3 FY24. During the quarter, net revenue per application stood at Rs 2,837 from Rs 2,250 in Q3 FY24, a robust growth of 26.2% YoY. Revenue from the digital business grew by 86.7% to Rs. 137.2 crore in Q3 FY25. EBITDA surged to Rs. 17.7 crore (which includes Rs 2.3 crore of EBITDA from Aadifidelis Solutions) during the quarter, compared to Rs 9.4 crore in Q3 FY24, reflecting an 88.1% increase. The EBITDA margin increased to 12.9% in Q3 FY25, up from 12.8% in Q3 FY24. Shikhar Aggarwal, joint managing director of BLS International Services, said, 'The company continues to report remarkable performance during this quarter as well, outlined by robust growth across all key financial and operational metrics. In line with the company's focus on improving EBITDA, we reported 78.5% YoY growth in Q3 FY25 and 78.3% YoY growth in 9 FY25. This growth was driven by strong operational efficiencies and supported by the transition to a self-managed model from the partner-run model, along with the integration of new businesses. During the quarter, we completed the acquisition of a controlling stake of 57% in Aadifidelis Solutions and its affiliates. With the total investment of over Rs 1,000 crore done in FY25 for the new acquisitions, which were primarily funded through internal accruals, the company still has a robust balance sheet with net cash of Rs. 690 crore as of 31 December 2024. The company is strategically positioning itself to increase its share in the industry by penetrating newer markets worldwide and leveraging the asset-efficient and tech-driven business model. We endeavor to continue to focus on delivering strong performances in the future and maintaining our strong balance sheet through a balanced mix of organic and inorganic growth routes.' Meanwhile, the company's board approved the voluntary delisting of its equity shares from the Metropolitan Stock Exchange of India (MSE), in accordance with Regulation 5 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, and the amendments thereto. BLS International Services is a global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments, including diplomatic missions, embassies, & consulates, and leverages technology and processes that ensure data security. Shares of BLS International Services slipped 5.62% to close at Rs 400.55 on the BSE.Powered by Capital Market - Live

Net profit of BLS International Services rose 42.72% to Rs 120.67 crore in the quarter ended December 2024 as against Rs 84.55 crore during the previous quarter ended December 2023. Sales rose 17.12% to Rs 512.85 crore in the quarter ended December 2024 as against Rs 437.88 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales512.85437.88 17 OPM %30.8220.23 - PBDT162.0597.25 67 PBT140.2090.99 54 NP120.6784.55 43 Powered by Capital Market - Live

BLS International Services will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

Rallis India Ltd, Sterling & Wilson Renewable Energy Ltd, Netweb Technologies India Ltd and Swan Energy Ltd are among the other losers in the BSE's 'A' group today, 20 January 2025.BLS International Services Ltd crashed 7.75% to Rs 462.85 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 6.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.82 lakh shares in the past one month.Rallis India Ltd tumbled 6.94% to Rs 269.65. The stock was the second biggest loser in 'A' group.On the BSE, 73781 shares were traded on the counter so far as against the average daily volumes of 13054 shares in the past one month.Sterling & Wilson Renewable Energy Ltd lost 6.77% to Rs 386.7. The stock was the third biggest loser in 'A' group.On the BSE, 7.45 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past one month.Netweb Technologies India Ltd shed 5.95% to Rs 2199.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 15408 shares in the past one month.Swan Energy Ltd slipped 5.74% to Rs 645.05. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.28 lakh shares were traded on the counter so far as against the average daily volumes of 1.45 lakh shares in the past one month.Powered by Capital Market - Live

BLS International Services has received revision in credit ratings for bank facilities aggregating Rs 300 crore as under: Long term rating - CRISIL A+/ Stable (upgraded from CRISIL A/ Positive) Short term rating - CRISIL A1 (reaffirmed) Powered by Capital Market - Live

Revenue from operations jumped 21.40% YoY to Rs 495.01 crore during the quarter. The growth was mainly driven by the Visa & Consular business which witnessed a robust revenue growth of 29.6%YoY. Profit before tax (PBT) for Q2 FY25 stood at Rs 163.96 crore, registering an 88.07% increase compared to Rs 87.18 crore in Q2 FY24. EBITDA jumped 89.1% to Rs 164 crore in Q2 FY25 as against Rs 86.7 crore recorded in the second quarter of FY24. EBITDA margin expanded by 1,186 bps to 33.1% during the quarter as compared with 21.3% in Q2 FY24. Revenue of the Visa & Consular business grew by 29.6% YoY to Rs 417.6 crore in Q2 FY25 (including around Rs 60 crore revenue from iDATA). During the quarter, number of visa applications increased by 41.1% during the quarter to 10.1 lakhs. This includes 1.64 lakhs of visa applications processed by iDATA. Revenue from digital business fell 6.05 YoY to Rs 84.62 crore during the quarter. EBITDA of the digital business was at Rs 12 crore during the quarter as compared to Rs 13.3 crore in Q2 FY24 while margin remained flat at 15.5% during Q2 FY25. The said business contributes approximately 16% of the total revenue. Shikhar Aggarwal, joint managing director, BLS International Services, said: 'We continue to witness strong growth momentum and achieved significant milestones with respect to financial and operational performance this quarter. We recorded highest ever revenue at Rs 495 crore, Operating Profit at Rs 164 crore and Profit after Tax at Rs 145.7 crore, for the quarter. The growth was driven by increased volume of visa applications, opening-up of new visa application centers in Columbia & Peru, and the acquisition of iDATA. The ongoing transition to a self-managed model from partner-run model and the acquisition of iDATA enhanced the operating margins by 1,186 bps to record all-time high of 33.1% in the quarter. We have also expanded our operations by acquiring 100% stake in Citizenship Invest which was completed in Oct'24 and the definitive agreement to acquire controlling stake of 57% in Aadifidelis Solutions, one of the largest loan distribution & processing companies in India, is expected to complete soon. With an objective to acquire a larger pie of the visa-outsourcing industry, along with expanding into untapped markets, the company is focused on offering its services across the globe. Operating on an asset-efficient and tech-driven model that prioritizes capital conservation, the company ensures strong cash flows. The strategic acquisitions will continue to drive sustainable growth for the company with a focus on maximizing stakeholder's value.' BLS International Services is global tech-enabled services partner for governments and citizens. It operates in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005. The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security. The scrip slipped 3.61% to Rs 405.80 on the BSE. Powered by Capital Market - Live

Net profit of BLS International Services rose 75.53% to Rs 138.23 crore in the quarter ended September 2024 as against Rs 78.75 crore during the previous quarter ended September 2023. Sales rose 21.40% to Rs 495.01 crore in the quarter ended September 2024 as against Rs 407.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales495.01407.74 21 OPM %33.1321.27 - PBDT181.6094.44 92 PBT163.9687.18 88 NP138.2378.75 76 Powered by Capital Market - Live

BLS International Services will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

BLS International today announced that it has successfully completed the acquisition of 51% stake in SLW Media. SLW Media is a prominent sports management company with over two decades of experience in the golf industry. The acquisition will position BLS International as a global lifestyle and service brand, seamlessly blending premium leisure experiences with its core expertise in government and travel services. From a branding perspective, the synergy between golf events and BLS International's visa and consular services creates a unique value proposition. This strategic combination highlights BLS International's ability to cater to elite, high-net-worth individuals and corporate clients, enhancing its reputation as a provider of luxury, convenience, and exclusivity. Shikhar Aggarwal, Joint Managing Director of BLS International, said, We are quite excited on closing another acquisition within a span of few weeks of completing an acquisition in Dubai. By associating with prestigious golf events across the globe, BLS will not only strengthen its brand identity in the luxury segment but will also extends its reach into the upscale sports and leisure market, aligning its image with sophistication, global access, and high-level service. This synergy would effectively elevates brand perception, associating BLS International with not just efficient government services, but also a premium lifestyle experience.Powered by Capital Market - Live

BLS International Services today announced the successful completion of its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries. BLS, through its wholly owned subsidiary BLS International FZE, UAE, acquired CI for a total purchase consideration of USD 31 million (Rs 260 crore), fully funded through internal accruals. All necessary government and regulatory approvals were obtained ahead of schedule. For the calendar year 2023, Citizenship Invest reported audited revenues of USD 9.6 million (Rs 81 crore) and an EBITDA of USD 4.4 million (Rs 37 crore), with a robust EBITDA margin of 45%. The company experienced notable growth in 2023, with a 28% increase in revenue and a 43% rise in EBITDA. Powered by Capital Market - Live