BLS International Services Ltd.
BLSConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
20 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 20 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210630 | 2021-03-31 | yes | |
| TRANSCRIPT | 20220513 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220813 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221114 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230213 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230516 | 2023-03-31 | yes | |
| COVER_LETTER | 20230801 | 2023-06-30 | no | |
| TRANSCRIPT | 20230818 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231113 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240216 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240520 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240812 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241118 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250218 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250521 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250811 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251118 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260212 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260525 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260818 | 2026-06-30 | yes |
BLS
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 223.90 |
| 52-week range | 221.75 – 355.95 |
| Return 1M | -7.98% |
| Return 3M | -13.65% |
| Return 1Y | -37.1% |
| Return 3Y | -14.35% |
| Return 5Y | 288.97% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 891.00 |
| Other income | 23.00 |
| Total income | 913.00 |
| Cost of materials consumed | 402.00 |
| Purchases of stock-in-trade | 3.00 |
| Changes in inventories | -1.00 |
| Employee benefit expense | 137.00 |
| Finance costs | 8.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.70 | 0.00 |
| institutions foreign | 0.04 | -0.02 |
| institutions domestic | 0.03 | 0.00 |
| mutual funds | 0.00 | 0.00 |
| public | 0.30 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2023-06-30 | 1 |
| TRANSCRIPT | 2026-06-30 | 19 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-06-30 | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 273.00 | 357.00 | 438.00 | 449.00 | 383.00 | 408.00 | 438.00 | 448.00 | 493.00 | 495.00 | 513.00 | 711.00 | 737.00 | 736.00 | 815.00 | 891.00 |
| Other income | 4.00 | 3.00 | 7.00 | 7.00 | 7.00 | 9.00 | 9.00 | 15.00 | 18.00 | 23.00 | 15.00 | 25.00 | 19.00 | 21.00 | 30.00 | 23.00 |
| Total income | 277.00 | 360.00 | 445.00 | 456.00 | 391.00 | 416.00 | 447.00 | 463.00 | 510.00 | 518.00 | 528.00 | 736.00 | 755.00 | 757.00 | 845.00 | 913.00 |
| Cost of materials consumed | 183.00 | 236.00 | 302.00 | 307.00 | 227.00 | 236.00 | 255.00 | 245.00 | 242.00 | 179.00 | 223.00 | 318.00 | 337.00 | 335.00 | 392.00 | 402.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 |
| Employee benefit expense | 28.00 | 34.00 | 37.00 | 41.00 | 44.00 | 48.00 | 55.00 | 61.00 | 71.00 | 76.00 | 80.00 | 109.00 | 108.00 | 123.00 | 125.00 | 137.00 |
| Finance costs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 2.00 | 6.00 | 11.00 | 6.00 | 6.00 | 5.00 | 6.00 | 8.00 |
| Depreciation and amortisation | 3.00 | 4.00 | 4.00 | 8.00 | 6.00 | 7.00 | 6.00 | 11.00 | 14.00 | 18.00 | 22.00 | 23.00 | 23.00 | 23.00 | 25.00 | 32.00 |
| Other expenses | 30.00 | 30.00 | 32.00 | 35.00 | 33.00 | 37.00 | 39.00 | 51.00 | 46.00 | 76.00 | 52.00 | 79.00 | 78.00 | 81.00 | 94.00 | 97.00 |
| Total expenses | 244.00 | 304.00 | 376.00 | 390.00 | 310.00 | 329.00 | 356.00 | 369.00 | 375.00 | 354.00 | 387.00 | 535.00 | 553.00 | 567.00 | 641.00 | 678.00 |
| Profit before exceptional items and tax | 32.00 | 56.00 | 69.00 | 65.00 | 80.00 | 87.00 | 91.00 | 93.00 | 135.00 | 164.00 | 140.00 | 200.00 | 203.00 | 191.00 | 204.00 | 236.00 |
| Exceptional items | 0.00 | 0.00 | -25.00 | 22.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 32.00 | 56.00 | 45.00 | 87.00 | 80.00 | 87.00 | 91.00 | 93.00 | 135.00 | 164.00 | 140.00 | 200.00 | 203.00 | 191.00 | 204.00 | 236.00 |
| Current tax | 1.00 | 5.00 | 5.00 | 3.00 | 5.00 | 5.00 | 4.00 | 7.00 | 14.00 | 20.00 | 15.00 | 18.00 | 15.00 | 19.00 | 19.00 | 34.00 |
| Deferred tax | 0.00 | 0.00 | -6.00 | 8.00 | 4.00 | 0.00 | -0.00 | 1.00 | -0.00 | -1.00 | -3.00 | 2.00 | 2.00 | 1.00 | -3.00 | -0.00 |
| Tax expense | 2.00 | 5.00 | -1.00 | 10.00 | 9.00 | 5.00 | 4.00 | 8.00 | 14.00 | 18.00 | 12.00 | 19.00 | 17.00 | 20.00 | 17.00 | 34.00 |
| Profit for the period | 31.00 | 51.00 | 46.00 | 77.00 | 71.00 | 82.00 | 87.00 | 85.00 | 121.00 | 146.00 | 128.00 | 181.00 | 186.00 | 170.00 | 187.00 | 202.00 |
| Profit attributable to owners | — | 50.00 | 51.00 | 69.00 | 69.00 | 79.00 | 85.00 | 81.00 | 114.00 | 138.00 | 121.00 | 171.00 | 175.00 | 163.00 | 178.00 | 190.00 |
| Profit attributable to non-controlling interests | — | 1.00 | -5.00 | 8.00 | 2.00 | 3.00 | 3.00 | 5.00 | 7.00 | 8.00 | 7.00 | 10.00 | 10.00 | 8.00 | 9.00 | 12.00 |
| Other comprehensive income | -5.00 | 18.00 | 17.00 | 5.00 | 1.00 | 14.00 | -3.00 | -1.00 | -1.00 | -19.00 | 35.00 | 31.00 | 51.00 | -12.00 | 108.00 | 19.00 |
| Total comprehensive income | 26.00 | 69.00 | 62.00 | 81.00 | 72.00 | 96.00 | 84.00 | 84.00 | 120.00 | 127.00 | 162.00 | 212.00 | 237.00 | 158.00 | 295.00 | 221.00 |
| Earnings per share, basic | 1.49 | 2.46 | 1.23 | 1.68 | 1.68 | 1.91 | 2.05 | 1.96 | 2.77 | 3.36 | 2.93 | 4.15 | 4.26 | 3.95 | 4.32 | 4.62 |
| Earnings per share, diluted | 1.49 | 2.46 | 1.23 | 1.68 | 1.68 | 1.91 | 2.05 | 1.96 | 2.77 | 3.36 | 2.93 | 4.15 | 4.25 | 3.95 | 4.31 | 4.60 |
Annual results, as filed
| Line | 2018-03-31 | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 789.00 | 804.00 | 786.00 | 478.00 | 850.00 | 1,516.00 | 1,677.00 | 2,998.00 |
| Other income | 4.00 | 43.00 | 13.00 | 19.00 | 15.00 | 21.00 | 40.00 | 95.00 |
| Total income | 793.00 | 846.00 | 799.00 | 497.00 | 865.00 | 1,537.00 | 1,717.00 | 3,093.00 |
| Cost of materials consumed | 494.00 | 538.00 | 550.00 | 337.00 | 574.00 | 1,029.00 | 965.00 | 1,382.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 53.00 | 67.00 | 67.00 | 44.00 | 76.00 | 140.00 | 208.00 | 466.00 |
| Finance costs | 12.00 | 10.00 | 2.00 | 1.00 | 1.00 | 1.00 | 3.00 | 23.00 |
| Depreciation and amortisation | 40.00 | 19.00 | 12.00 | 9.00 | 7.00 | 18.00 | 31.00 | 94.00 |
| Other expenses | 83.00 | 91.00 | 85.00 | 58.00 | 93.00 | 127.00 | 158.00 | 332.00 |
| Total expenses | 682.00 | 725.00 | 716.00 | 449.00 | 751.00 | 1,314.00 | 1,365.00 | 2,296.00 |
| Profit before exceptional items and tax | 111.00 | 122.00 | 83.00 | 48.00 | 114.00 | 223.00 | 352.00 | 797.00 |
| Exceptional items | 0.00 | 0.00 | -28.00 | 0.00 | 0.00 | -3.00 | 0.00 | 0.00 |
| Profit before tax | 111.00 | 122.00 | 55.00 | 48.00 | 114.00 | 220.00 | 352.00 | 797.00 |
| Current tax | 20.00 | 14.00 | 8.00 | -1.00 | 5.00 | 14.00 | 21.00 | 73.00 |
| Deferred tax | -6.00 | 3.00 | -5.00 | -1.00 | -2.00 | 2.00 | 5.00 | 0.00 |
| Tax expense | 14.00 | 17.00 | 2.00 | -2.00 | 3.00 | 16.00 | 26.00 | 73.00 |
| Profit for the period | 97.00 | 105.00 | 52.00 | 50.00 | 111.00 | 204.00 | 326.00 | 724.00 |
| Profit attributable to owners | 97.00 | 117.00 | 52.00 | 50.00 | 111.00 | 201.00 | 313.00 | 687.00 |
| Profit attributable to non-controlling interests | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 4.00 | 13.00 | 37.00 |
| Other comprehensive income | 2.00 | 11.00 | 22.00 | -9.00 | 10.00 | 35.00 | 11.00 | 178.00 |
| Total comprehensive income | 99.00 | 117.00 | 75.00 | 41.00 | 121.00 | 239.00 | 336.00 | 902.00 |
| Earnings per share, basic | 9.42 | 10.27 | 5.11 | 4.90 | 10.86 | 4.89 | 7.60 | 16.68 |
| Earnings per share, diluted | 9.42 | 10.27 | 5.11 | 4.90 | 10.86 | 4.89 | 7.60 | 16.64 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Total assets | 771.00 | 945.00 | 1,170.00 | 1,616.00 | 2,383.00 | 3,339.00 | 3,770.00 |
| Non-current assets | 301.00 | 376.00 | 379.00 | 502.00 | 1,097.00 | 1,573.00 | 1,941.00 |
| Current assets | 470.00 | 569.00 | 791.00 | 1,114.00 | 1,286.00 | 1,766.00 | 1,829.00 |
| Property, plant and equipment | 94.00 | 99.00 | 124.00 | 168.00 | 262.00 | 332.00 | 452.00 |
| Capital work-in-progress | — | — | 0.00 | 0.00 | 6.00 | 12.00 | 2.00 |
| Goodwill | 81.00 | 81.00 | 81.00 | 81.00 | 665.00 | 1,118.00 | 1,213.00 |
| Other intangible assets | 23.00 | 54.00 | 52.00 | 46.00 | 45.00 | 44.00 | 41.00 |
| Inventories | 0.00 | 1.00 | 3.00 | 2.00 | 3.00 | 1.00 | 1.00 |
| Trade receivables | 13.00 | 33.00 | 46.00 | 40.00 | 54.00 | 157.00 | 171.00 |
| Cash and cash equivalents | 122.00 | 67.00 | 114.00 | 414.00 | 695.00 | 322.00 | 494.00 |
| Total equity and liabilities | 771.00 | 945.00 | 1,170.00 | 1,616.00 | 2,383.00 | 3,339.00 | 3,770.00 |
| Equity | 664.00 | 837.00 | 992.00 | 1,442.00 | 1,676.00 | 2,439.00 | 2,784.00 |
| Equity share capital | 20.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 | 41.00 |
| Other equity | 639.00 | 762.00 | 911.00 | 1,166.00 | 1,387.00 | 2,089.00 | 2,422.00 |
| Total liabilities | 107.00 | 108.00 | 179.00 | 175.00 | 706.00 | 900.00 | 986.00 |
| Non-current liabilities | 8.00 | 8.00 | 18.00 | 30.00 | 332.00 | 330.00 | 359.00 |
| Current liabilities | 99.00 | 100.00 | 160.00 | 145.00 | 375.00 | 569.00 | 628.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 229.00 | 206.00 | 178.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 25.00 | 41.00 | 53.00 |
| Trade payables | 29.00 | 29.00 | 42.00 | 31.00 | 45.00 | 133.00 | 153.00 |
Cash flow, as filed
| Line | 2022-03-31 | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 185.00 | 116.00 | 261.00 | 147.00 | 350.00 | 342.00 | 515.00 | 903.00 |
| Net cash from investing activities | -172.00 | -11.00 | -238.00 | -96.00 | -260.00 | -293.00 | -385.00 | -446.00 |
| Net cash from financing activities | -12.00 | -20.00 | 7.00 | -4.00 | 257.00 | 232.00 | -91.00 | -246.00 |
| Purchase of property, plant and equipment | 67.00 | 16.00 | 34.00 | 17.00 | 64.00 | 13.00 | 40.00 | 137.00 |
| Net increase in cash | 2.00 | 85.00 | 30.00 | 47.00 | 347.00 | 281.00 | 39.00 | 211.00 |
| con:CFO.BEFORE_TAX | 192.00 | 125.00 | 253.00 | 144.00 | 384.00 | 392.00 | 548.00 | 1,046.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | -3.00 | -11.00 | 0.00 | -37.00 | 0.00 | 0.00 | -56.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 7.00 | 7.00 | 19.00 | 11.00 | 20.00 | 33.00 | 33.00 | 82.00 |
| con:CF_OTHER.OPERATING | 0.00 | -0.00 | 38.00 | 15.00 | 23.00 | -17.00 | 0.00 | -5.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | -48.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 78.00 | 82.00 | 0.00 | 0.00 | 568.00 | 34.00 | 31.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 74.41 | 71.68 | 71.52 | 71.52 | 71.52 | 71.52 | 70.38 | 70.38 | 70.38 | 70.39 | 0.70 | 0.70 | 0.70 | 0.70 |
| Domestic institutions | 0.05 | 0.05 | 0.07 | 0.89 | 1.05 | 1.35 | 1.72 | 1.37 | 2.26 | 2.87 | 0.03 | 0.03 | 0.03 | 0.03 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 0.36 | 0.00 | 0.00 | 0.00 | 0.00 |
| Insurance companies | 0.00 | 0.00 | 0.00 | 0.05 | 0.19 | 0.48 | 0.50 | 0.50 | 1.29 | 2.48 | 0.03 | 0.03 | 0.03 | 0.03 |
| Foreign institutions | 7.57 | 8.45 | 7.66 | 7.55 | 7.67 | 7.39 | 8.96 | 10.94 | 9.94 | 8.53 | 0.07 | 0.06 | 0.06 | 0.04 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 25.54 | 28.28 | 28.22 | 28.37 | 28.38 | 28.41 | 29.55 | 29.57 | 29.58 | 29.58 | 0.30 | 0.30 | 0.30 | 0.30 |
| Non-institutional | 17.92 | 19.77 | 20.49 | 19.93 | 19.66 | 19.67 | 18.87 | 17.26 | 17.38 | 18.18 | 0.20 | 0.20 | 0.20 | 0.22 |
| Shares outstanding | 410820000 | 410820000 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 | 411740908 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| BLS International Holding Anonim Şirketi, Turkey | Wholly owned subsidiary | Any other transaction | 7,242,820,000.00 | 1 |
| BLS Mor Services, Morocco | Wholly owned subsidiary | Sale of goods or services | 2,780,916,000.00 | 1 |
| BLS International FZE, UAE | Wholly Owned Subsidiary | Any other transaction, Dividend received, Sale of go | 515,171,000.00 | 3 |
| BLS International Services, UAE | Wholly owned subsidiary | Sale of goods or services | 363,618,000.00 | 1 |
| Rahyab Gozar Arta, Iran | Wholly Owned Subsidiary | Advance, Dividend received, Loan | 274,567,000.00 | 5 |
| BLS International Travel & Tourism, Saudi Arabia | Wholly owned subsidiary | Sale of goods or services | 224,262,000.00 | 1 |
| BLS International Services UK Limited | Wholly owned subsidiary | Loan, Sale of goods or services | 182,275,000.00 | 2 |
| BLS International Services Canada Inc. | Wholly owned subsidiary | Sale of goods or services | 172,628,000.00 | 1 |
| BLS Visa Services SARL, Algeria | Wholly owned subsidiary | Sale of goods or services | 149,475,000.00 | 2 |
| BLS E Services Limited | Subsidiary | Any other transaction, Purchase of goods or services | 131,890,000.00 | 4 |
| BLS Kazakhstan LLC | Wholly owned subsidiary | Sale of goods or services | 53,072,000.00 | 1 |
| VisaMetric LLC Kazakhstan | Wholly Owned Subsidiary | Dividend received | 50,178,000.00 | 1 |
| BLS International Vize Hizmetleri Ltd. Sti., Turkey | Wholly Owned Subsidiary of BLS Int | Sale of goods or services | 34,162,000.00 | 2 |
| BLS Worldwide (Pty) Limited, South Africa | Wholly owned subsidiary | Sale of goods or services | 28,699,000.00 | 1 |
| Balozi Liaison Services, Egypt | Subsidiary | Loan, Sale of goods or services | 26,099,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-18 | Q1FY27 | ANALYST:, DIRECTOR, MARKETS, OFFICER | Read the call |
| 2026-05-25 | Q4FY26 | DIRECTOR | Read the call |
| 2026-02-12 | Q3FY26 | OFFICER, DIGITAL BUSINESS | Read the call |
| 2025-11-18 | Q2FY26 | OFFICER – DIGITAL BUSINESS | Read the call |
| 2025-08-11 | Q1FY26 | OFFICER | Read the call |
| 2025-05-21 | Q4FY25 | MANAGEMENT, OFFICER – DIGITAL BUSINESS | Read the call |
| 2025-02-18 | Q3FY25 | February 12, 2025, MANAGEMENT, OFFICER – DIGITAL BUSINESS | Read the call |
| 2024-11-18 | Q2FY25 | OFFICER – DIGITAL BUSINESS | Read the call |
| 2024-08-12 | Q1FY25 | OFFICER – DIGITAL BUSINESS | Read the call |
| 2024-05-20 | Q4FY24 | OFFICER – DIGITAL BUSINESS | Read the call |
| 2024-02-16 | Q3FY24 | Read the call | |
| 2023-11-13 | Q2FY24 | Read the call | |
| 2023-08-18 | Q1FY24 | INTERNATIONAL SERVICES LIMITED | Read the call |
| 2023-05-16 | Q4FY23 | INTERNATIONAL SERVICES LIMITED | Read the call |
| 2023-02-13 | Q3FY23 | BLS INTERNATIONAL, INTERNATIONAL | Read the call |
| 2022-11-14 | Q2FY23 | Read the call | |
| 2022-08-13 | Q1FY23 | Read the call | |
| 2022-05-13 | Q4FY22 | BLS INTERNATIONAL | Read the call |
| 2021-06-30 | Q4FY21 | BLS INTERNATIONAL, INTERNATIONAL | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | — | And going forward, we want to get into total management contract kind of experience where there is no upfront capex deployment. | So, basically, Harsh, as I told you, in Punjab all the offices and all the CAPEX investment is done by the government and we have our trained people u… | As Shikhar said, we are working on these new contracts, which are going to be of a big size which will require initial investment in the capex and est… | But on regular basis, which we have been saying every year, we have a normal operating capex requirements of around INR 15 crores to INR 20 crores. | — | — | — |
| Capital allocation | The acquisition of Citizenship Invest (CI) was completed in October 2024. | So then the U.K. acquisition we did, I don't think that actually synergizes with our business, right? | Since you have such a large cash balance, is there any proposal to increase your dividend payout in the coming years? | As a way of rewarding shareholders, we have already announced issue of bonus shares , dividend both interim plus final have been the highest in the hi… | See, one is the growth which you are looking at is mainly on account of the new acquisition we did in digital services during the financial year. | Further, our esteemed Board have recommended a final dividend for financial year 2024 of INR 1 per share to the shareholders, including an interim div… | The digital segment reported revenue of INR 540 crores, up 71% Y-o-Y from INR 315 crores in FY '24, driven by Aadifidelis acquisition and traction in … | So first, as far as the organic and inorganic revenue, technically in the current year, we have not done any new major acquisition. |
| Costs | — | Very difficult to quantify in terms of costs, but we definitely have cost savings that we have seen in terms of some of the angles. | — | — | — | — | — | — |
| Debt and cash | While the integration of new business is going as per plan, we continue to witness strong cash flow generation, which translates to a healthy balance … | — | And we have good cash balance and operating cash flow, so is there any new services you want to expand or what will be the future plans with cash we w… | — | And last question, sir, what is our current working capital cycle? | — | It's a negative working capital business. | The company continued to maintain a strong cash flow and a healthy balance sheet. |
| Demand | — | Going forward, do we have a pipeline of companies we are looking to acquire? | So, we always keep on finding additional sources of revenue and BLS International Limited June 16, 2021 ecommerce is definitely the future, so definit… | — | Sir, any more acquisition are in pipeline at present? | — | I mean, like any new agreement with any new country is in pipeline. | But definitely, for us, if demand goes down to somewhere, sometimes it picks up from somewhere else. |
| Guidance | And what kind of numbers should we expect for quarter 4? | Regarding the Slovak Republic contract, should we expect the temporary margin compression due to consolidated expenses before the is entire series of … | So, all these contracts take a long time to get qualified for, for 15 years as we have been mentioning, and now results have started to come in, last … | We will be able to achieve, once the economy of scale kicks in, that is with the volumes going up, which we anticipate with the global unlocking of tr… | I just want to ask are you providing any revenue or margin outlook for FY '24? | We expect this to start happening from the first quarter onwards. | I mean, do we expect any new business or it's a routine business, routine thing? | So, I would want some guidance on that from a visa point of view. |
| Margin | The integration of new businesses (we have acquired iDATA, Citizenship Invest and Aadifidelis,) coupled with our transformative shift from a partner a… | And also, regarding the EBITDA margin, as I see that it has been like contracted on year-on-year basis. | And the new context we will be building in we are winning from our competitors, so the margin we can expect the same what we had in FY 2019, right? | Secondly, is such enhanced margin and growth possible to sustain in the current year, if you give some colour it would be helpful for us. | Amit, he is asking about revenue and margin outlook. | Our EBITDA margin expanded significantly by 534 basis points to 20.2% in Q4 FY24, indicating an effective cost management and better revenue mix. | Our EBITDA strengthened to INR BLS International Services Limited May 16, 2025 629 crores with an enhanced margin to 28.7%, while net profit surged to… | EBITDA margin stood at 27.3% for FY26. Profit after tax for the full year was INR724 crores compared to INR540 crores last year, showing a 34% increas… |
| People | — | — | So, we are very much positive in the current year to come up with plan for utilization of the cash which is on the books. | — | Talking about our cash position, especially since this quarter has been highly cash generative, what is our plan regarding utilization of cash like ho… | — | We are seeing effective ways of utilization. | So major utilization of the cash will be for the expansion of the existing business as well as for inorganic growth, which we plan to do. |
| Pricing | — | — | Is it a lower pricing that you charge or your relationship with the government? | — | — | And another question in relation to that, are we also may be planning any price hikes in the visa business? | — | The new contracts which we have won are at better pricing, that also have an impact on the net revenue improvement. |
| Revenue growth | During Q3 FY '25, the number of visa application processed has increased from 7.14 lakhs in Q3 FY '24 to 9.08 lakhs, a strong growth of 27% year-on-ye… | I want to understand the revenue growth split between organic and inorganic. | 800 crores top line this year and BLS International Limited June 16, 2021 you make 10% margin, so Rs. | The next question, let us assume that FY23 and then going on to FY24, Covid is behind us and we should see normalized operation, so what kind of reven… | — | Our EBITDA surged to INR 90.3 crores from INR 66.5 crores in Q4 FY23, showing a robust growth of 35.7% Y-o-Y, primarily due to reduction in service co… | We achieved a record high in visa volumes reaching 37.51 lakh in FY '25 from 28.65 lakh in FY '24, with the net revenue per application increasing to … | FY26 EBITDA rose to INR819 crores from INR629 crores in FY25, registering a growth of 30% YoY. |