BLS International’s shares soared by 10% after the market opened, reaching an intraday high of ₹387 from an opening price of ₹378.45. The shares surged due to investor optimism fueled by impressive revenue and EBITDA growth reported the previous day.
In the first quarter of 2024, BLS International Limited announced a notable 28.5% increase in Revenue from Operations, amounting to ₹492.7 Crores. This growth was primarily driven by its Visa & Consular business, which alone saw a 35.9% rise in revenue, reaching ₹414.1 Crores compared to ₹304.80 Crores in the corresponding quarter of the previous year.
The company’s EBITDA demonstrated an exceptional increase, jumping 66.3% to ₹133.2 Crores from ₹80.10 Crores in Q1 of the previous year. This significant rise in EBITDA was supported by operational efficiencies and robust performance in the Visa & Consular business.
Additionally, BLS International expanded its EBITDA margin by 615 basis points, reaching 27.0% in Q1FY25, up from 20.9% in Q1FY24. This expansion indicates an improvement in profitability and operational effectiveness across the company’s business segments.
The company’s Profit After Tax (PAT) also reflected strong growth, with a 70.1% increase year-over-year. The figure stood at ₹120.8 Crores for the quarter, up from ₹71.0 Crores in the same period last year.
Management attributed the positive outcomes to the strategic initiatives aimed at increasing market share globally. Coupled with strong industry tailwinds, these efforts have significantly bolstered BLS International’s segment growth, particularly in the Visa & Consular services. Looking ahead, the company remains optimistic about sustaining this momentum throughout the fiscal year 2025.
