BLS International registers exponential growth for Q1 FY18

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New Delhi, August 10, 2017: BLS International Services Limited (BLS), a specialist provider of Visa, Passport, Attestation and Citizen Services to the Governments across the world, declared its financial results today for the first quarter ended June 30th, 2017.

The company reported Net Profit of Rs. 29.06 crore for Q1 FY18, up by 301%, as compared to Rs. 7.25 crore in the corresponding quarter of last fiscal. The company’s Q1 FY18 PAT margin stood at a robust 14.9%, as compared to 5.8% in Q1 FY17.

Total Income for the quarter ended June 2017 stood at Rs. 195.07 crore, up by 57.06%, as compared to Rs 124.20 crore in the same period last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY18 stood at Rs. 43.27 crore, up 467.85%. Its EBITDA margin improved from 6.15% in Q1 FY17 to 22.18% in Q1 FY18.

Earnings per share (EPS) for the quarter ended Q1 FY18 stood at Rs. 2.84, as compared with Rs. 0.71 (adjusted for 10:1 split) for the quarter ended Q1 FY17.

Commenting on the financial performance of the company Mr. Shikhar Aggarwal, Joint Managing Director, BLS International Services Limited said, “The exponential results have given a good start to Q1 FY18 which eventually translated the efforts of entire team. These results are a reflection of the pace at which the company is growing that is likely to continue for the next quarters as well. We anticipate further expansion of business in this FY18 with new projects in domestic as well as international market. Our endeavour is to be the preferred service provider for all Governments and Diplomatic Missions in India & overseas.”

Date: 
Thursday, August 10, 2017