India · Delayed Price · Currency is INR BLS International Services Earnings Call Transcripts
Fiscal Year 2026
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Record FY 2026 results with revenue up 37% and PAT up 34% year-over-year, driven by strong growth in both visa and digital segments. Management targets 20%-25% growth for FY 2027, with robust cash generation and ongoing expansion through tenders and acquisitions.
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Q3 FY 2026 saw 44% revenue growth and 33% PAT growth year-over-year, driven by strong visa and digital business performance, new contracts, and successful acquisitions. Management targets 22%-25% annual growth over the next five years, with continued expansion in both segments.
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Revenue grew 49% YoY in Q2 FY2026, with EBITDA up 30% and margins stabilizing near 29%. Visa and digital services segments both expanded, driven by contract wins, acquisitions, and operational efficiency. Management expects continued growth, stable margins, and ongoing global diversification.
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Q1 FY26 saw record revenue of INR 710 crores (up 44% YoY) and EBITDA of INR 204 crores (up 53% YoY), driven by strong core operations, strategic acquisitions, and a shift to self-managed centers. Visa and Digital segments both posted robust growth, with margins expected to stabilize at current high levels.
Fiscal Year 2025
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FY 2025 saw record revenue and profit growth, driven by strong visa and digital business performance, strategic acquisitions, and operational expansion. EBITDA margin improved to 28.7%, with robust cash flow and a healthy balance sheet supporting future growth ambitions.
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Revenue and profit saw record growth in Q3 and 9M FY25, driven by strong visa and digital business performance, margin expansion, and successful integration of recent acquisitions. Management remains focused on sustaining margins and leveraging both organic and inorganic growth opportunities.
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Q2 and H1 FY 2025 saw record revenue, EBITDA, and PAT growth, driven by a surge in visa applications, strategic acquisitions, and expansion into new markets. Margins expanded significantly, with strong cash reserves supporting further acquisitions and a positive outlook for sustained growth.
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Q1 FY25 saw record revenue of INR 510 crores (up 31% YoY) and PAT of INR 121 crores (up 70% YoY), driven by strong visa and consular business and margin expansion. The iDATA acquisition and new contracts are expected to further boost growth and profitability.