BLS International Services Ltd's Q3FY25 Quarterly Results

Result Summary

• BLS International Services Ltd reported a 1.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 18.0%.
• Its expenses for the quarter were up by 9.3% QoQ and 8.8% YoY.
• The net profit decreased 12.2% QoQ and increased 46.7% YoY.
• The earnings per share (EPS) of BLS International Services Ltd stood at 2.9 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

BLS International Services Ltd is a service provider primarily engaged in outsourcing and technology services aimed at governments and diplomatic missions worldwide. The company focuses on providing visa, consular, and citizen services, and is recognized for its work in the domains of e-governance and public services. BLS International has established itself in the travel and tourism sector by facilitating visa processing services for various countries. As of the latest available information, the company has continued to expand its reach and enhance its service offerings, although specific recent developments are not available in the provided data.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), BLS International Services Ltd reported a total income of ₹527.56 crores. This represents a quarter-over-quarter (QoQ) increase of 1.8% from ₹518.45 crores in the second quarter of the fiscal year 2025 (Q2FY25). Year-over-year (YoY), the total income grew by 18.0% compared to ₹447.05 crores in the third quarter of the fiscal year 2024 (Q3FY24). The upward trend in revenue indicates sustained growth over the past year, reflecting the company's ability to increase its income over both the short and long term.

Profitability

The profitability of BLS International in Q3FY25 is highlighted by its profit before tax (PBT) of ₹140.20 crores, which shows a YoY increase of 54.1% from ₹90.99 crores in Q3FY24. However, there was a QoQ decline of 14.5% from ₹163.96 crores in Q2FY25. The company's profit after tax (PAT) for the same quarter was ₹127.91 crores, marking a YoY increase of 46.7% compared to ₹87.19 crores in Q3FY24, but a QoQ decrease of 12.2% from ₹145.73 crores in Q2FY25. The reported earnings per share (EPS) for Q3FY25 was ₹2.90, which decreased by 14.7% QoQ from ₹3.40 in Q2FY25, but increased by 45.0% YoY from ₹2.00 in Q3FY24. The company experienced a significant rise in its tax expense YoY, which increased by 222.6% from ₹3.81 crores in Q3FY24 to ₹12.29 crores in Q3FY25, while the QoQ tax expense decreased by 32.6% compared to ₹18.23 crores in Q2FY25.

Operating Metrics

The operational aspect of BLS International Services Ltd in Q3FY25 is characterized by its total expenses, which were ₹387.36 crores. This represents a QoQ increase of 9.3% from ₹354.49 crores in Q2FY25 and a YoY increase of 8.8% from ₹356.05 crores in Q3FY24. The rising expenses could be indicative of increased operational activities or cost escalations. Despite the rise in expenses, the company managed to maintain a positive revenue trajectory. This financial period shows a consistent escalation in total expenses, which aligns with the increase in total income over the same periods, suggesting a need to analyze the impact on overall profitability and cost management strategies.