BLS International Reports Record Financial Performance in Q1 FY25

BLS International Services Limited announced record consolidated revenue of Rs. 493 crores and an EBITDA of Rs. 133 crores for Q1 FY25, driven by significant growth in its Visa & Consular business. The company also outlined its future plans, including acquisitions and efforts to enhance its digital business operations.

New Delhi, August 8 - BLS International Services Limited, a global tech-enabled services provider, reported robust consolidated financial results for the quarter ending June 30, 2024.

The company achieved consolidated revenue of Rs. 493 crores, marking a 28.5% year-on-year increase, and an all-time high EBITDA of Rs. 133 crores, representing a 66.3% year-on-year growth. The Visa Business witnessed a significant 36% revenue growth and a 71% rise in EBITDA. Joint Managing Director, Shikhar Aggarwal, attributed the strong performance to the company's strategic global market expansion and enhanced operational efficiency.

BLS International also highlighted recent milestones, including the acquisition of iDATA and a majority stake in Aadifidelis Solutions Pvt. Ltd. The international travel industry's resurgence is anticipated to drive more visa applications, while the acquisition is expected to bolster the company's digital business and cross-selling opportunities. Significant achievements included an 18% increase in visa applications and over 3.5 crore digital transactions during the quarter. The company further cemented its market position with a new service provider agreement with Axis Bank.

(With inputs from agencies.)