BLS International Services Limited (BLS), a specialist services provider of Visa, Passport, Attestation and Citizen Services to the Governments and diplomatic missions globally, reported a net profit of Rs 32.9 crore for Q2 FY19, up by 23.1 per cent, as compared to Rs. 26.8 crore in the corresponding quarter of last fiscal. The company’s Q2 FY19 PAT margin stood at a robust 17.3 per cent, as compared to 14.3 per cent in Q2 FY18.
Total Income for the quarter ended September 2018 stood at Rs. 191.2 crore, up by 2 per cent, as compared to Rs 187.4 crore in the same period last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2 FY19 stood at Rs. 45.4 crore, up by 2.8 per cent as compared to Q2 FY18 which stood at Rs 44.2 crore. Its EBITDA margin improved from 23.6 per in Q2 FY18 to Rs. 23.8 per cent in Q2 FY19.
Earnings per share (EPS) for the quarter ended Q2 FY19 stood at Rs. 3.22, as compared with Rs. 2.62 for the quarter ended Q2 FY18.
Commenting on the financial performance, Shikhar Aggarwal, Joint Managing Director, BLS International Services said, “We are happy to report another quarter with strong results. The encouraging performance in the Q2/H1 FY19, is led by timely and quality deliverables of our contracts in domestic and international market. We are proud that during this quarter BLS International not only got listed in Forbes Asia’s ‘Best Under A Billion’ company list but also received Spain Esquema Nacional de Seguridad (ENS – National Security Framework) accreditation after rigorous assessment and audits by ENS Certification Entity from Spain.”
He further added, “Being the face of government across the globe, we will continue to rally our focus on execution, operation and swift rollouts of projects for our client governments across globe and we believe that we are well positioned for sustainable growth in the current year and future”.
