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BLS International Services
SectorConsumer Services
BLS International Services Limited is a global provider of outsourced visa, passport, and attestation services for governments worldwide. The company manages administrative tasks related to visa application processes, allowing diplomatic missions to focus on assessment and interviews. BLS also offers attestation services for the Ministry of External Affairs, India, and serves various embassies and high commissions. The company provides consular services, citizen services, and e-governance solutions. BLS has expanded its operations globally, offering services in multiple countries and for various diplomatic missions. In 2022, BLS acquired Zero Mass Private Ltd, becoming India's largest business correspondent network. The company's services include visa processing, citizen and front-end services, e-visas, biometrics, identity management, verification, and attestation services.
In the news
India's polymer compound market to hit $16.5B by 2031: Crisil
BLS International shares jump 9% on Q1 revenue record, experts warn
BLS International appoints former Estonia President as advisor
BLS International's Visa Fraud Crisis: Regulatory Risks and Market Fallout
BLS International shares crash 9% on expanded visa fraud probe
BLS International Q1 profit up 11.41% to ₹201.62 cr, Nuvama sees 66% upside
BLS International shares surge 9.5% on strong Q4 results, growth targets
BLS International shares surge 9.5% on 29% Q4 profit jump to ₹186.9 crore
BLS International Q3 profit surges 34.8% to ₹162.7 crore
The Quarter story
The two most recent quarterly results, compared side-by-side.
BLS International posts strong revenue and EBITDA growth in Q1 FY27, though rising costs and lower PAT margins keep profitability under pressure.
Consolidated Revenue grew from ₹710.6 Cr in Q1 FY26 to ₹890.5 Cr in Q1 FY27, driven by steady demand.
Cost of services climbed from ₹318.1 Cr in Q1 FY26 to ₹404.3 Cr in Q1 FY27, pressuring overall margins.
Consolidated EBITDA rose from ₹204.2 Cr in Q1 FY26 to ₹252.4 Cr in Q1 FY27, confirming operational recovery.
Employee benefit expenses rose from ₹109.0 Cr in Q1 FY26 to ₹137.2 Cr in Q1 FY27, straining profitability.
Visa & Consular Services EBITDA jumped from ₹186.0 Cr in Q1 FY26 to ₹225.9 Cr in Q1 FY27, maintaining strong profitability.
PAT margin slipped from 25.5% in Q1 FY26 to 22.6% in Q1 FY27, despite higher top-line growth.
Net cash balance increased from ₹1,306 Cr in Q2 FY26 to ₹1,617 Cr in Q1 FY27, strengthening liquidity.
Digital Services EBITDA margin fell from 18.3% in Q1 FY26 to 7.1% in Q4 FY26, showing weak pricing power.
Promoter shareholding stayed flat at 70.39% from Q1 FY26 to Q1 FY27, showing unwavering management confidence.
Market capitalization declined from ₹15,205 Cr in Q1 FY26 to ₹10,318.2 Cr in Q1 FY27, reflecting lower investor valuation.
Company insights, generated from the most recent coverage.
Q1 FY27 EBITDA margin of 28.3% on revenue of ₹890.5 Cr (+25.3% YoY) shows operating leverage intact despite rising depreciation from Aadhaar capex.
No company announcement or news dated Oct 15; last update was the Sep 23 AGM. The move looks like valuation-driven buying plus short covering off the 52-week low of ₹212.
Up 4.76% at ₹230.56 with ~87 lakh shares traded, roughly 10x the 10-day average — a volume-backed bounce, not a routine drift higher.