BLS E-Services delivered robust financial results for Q2 FY27, with profit after tax rising 12.4% year-on-year to ₹20.5 crore compared to ₹18.3 crore in the same quarter of the previous fiscal year. According to reports from The Economic Times, the company's total income surged 55.1% year-on-year to ₹428.1 crore for the July-September period, supported by steady business performance across all business verticals. The company announced these consolidated audited financial results for the quarter ended 30th September 2026, demonstrating continued momentum in the digital services sector.
The company's operating EBITDA increased 43.8% to ₹28.8 crore in Q2 FY27, up from ₹20 crore in the corresponding quarter of the previous year. As reported by The Economic Times, for the first half of FY27, total income stood at ₹738 crore, registering 40% growth from the year-ago period, demonstrating sustained operational momentum across the business segments. For H1 FY27, operating EBITDA stood at ₹50 crore, registering 32.5% YoY growth from ₹37.7 crore in H1 FY26, while PAT for the half-year period reached ₹39.2 crore, up 9.4% YoY from ₹35.8 crore in the corresponding period last year.
The Business Correspondent segment achieved significant growth during the quarter, with Gross Transaction Value reaching over ₹41,400 crore, representing a substantial increase from ₹27,300 crore in Q2 FY26. According to the company's stock exchange filing, the number of bank tie-ups for the Business Correspondent segment increased to 192 in Q2 FY27 from 144 in Q2 FY26, indicating expanded operational reach and strengthened institutional relationships. This growth reflects the company's continued expansion in the financial inclusion ecosystem and demonstrates the effectiveness of their digital banking solutions.
During the quarter, BLS E-Services received empanelment from Punjab & Sind Bank and Chhattisgarh Gramin Bank, further strengthening institutional relationships and expanding opportunities across the Business Correspondent network. As stated by Shikhar Aggarwal, Chairman of BLS E-Services, the quarter marked continued progress in strengthening the company's banking and financial inclusion ecosystem, positioning the digital services firm for continued growth in the financial services sector. The empanelment from these banks represents strategic expansion into new geographical markets and strengthens the company's position in the digital banking services sector.
