BLS International Services (BLS) Q1 25/26 earnings summary

Executive summary

• Achieved 44% year-over-year revenue growth in Q1 FY26, reaching INR 710.6 crores, driven by organic expansion, strategic acquisitions, and a shift to a self-managed model.

• EBITDA grew 53% YoY to INR 204.2 crores, with margin expanding to 28.7% due to operational efficiencies.

• Profit after tax increased 50% YoY to INR 181 crores, with PAT margin improving to 25.5%.

• Board approved unaudited Q1 FY26 results and key management appointments, including Chairman and Managing Director.

• Celebrated 20th anniversary, highlighting resilience, innovation, and customer-centric growth.

Financial highlights

• Q1 FY26 consolidated revenue was INR 710.6 crores (up 44% YoY); EBITDA was INR 204.2 crores (up 53% YoY); PAT was INR 181 crores (up 50% YoY).

• EBITDA margin rose to 28.7% from 27.0% YoY; PAT margin improved to 25.5% from 24.5%.

• Net cash position stood at INR 1,126 crores as of June 30, 2025, up from INR 928 crores on March 31, 2025.

• Basic and diluted EPS for Q1 FY26 stood at INR 4.15, compared to INR 2.77 in Q1 FY25.

• FY25 revenue was INR 2,193.3 crores (up 30.8% YoY); FY25 EBITDA was INR 629.3 crores (up 82.1% YoY); FY25 PAT was INR 539.6 crores (up 65.7% YoY).

Outlook and guidance

• Targeting 20–25% annual growth in profitability and revenue over the next 3–4 years.

• Focus on aggressive bidding for new tenders, geographic expansion, and diversification into digital and value-added services.

• Confident in maintaining current margin levels, with growth driven by new contracts and M&A.

• IPO proceeds from subsidiary BLS E Services Ltd. are being deployed for technology, organic and inorganic growth, and general corporate purposes.

• Management continues to pursue new contracts for subsidiaries affected by terminated agreements.