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BLS International FY 2019 net profit at Rs 105.17 cr

BLS International Services Limited (BLS) reported net profit of Rs. 105.17 crore for FY19, up by 8.94 per cent as compared to Rs. 96.53 crore in the corresponding quarter of last fiscal. The company’s FY19 PAT margin stood at 12.43 per cent which was 12.17 per cent in FY18.

Total Income for the year ended March 2019 stood at Rs. 846.38 crore, up by 6.72 per cent, as compared to Rs. 793.10 crore in the last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY19 stood at Rs. 150.97 crore as compared to Rs. 162.78 crore in FY18.

Earnings per share (EPS) for the year ended FY19 stood at Rs. 10.27, as compared with Rs. 9.42 for the year ended FY18.

Commenting on the financial performance of the company Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd said, “The Company’s financial result illustrates the remarkable growth led during the fiscal 2018-19.  With the addition of new contracts and the efficient management of existing ones, BLS International has showcased efficiency and zeal to provide the best and quality services to the citizens across the globe. With the global standard of providing services, we intend to diversify our service portfolio and partner with governments across the globe to provide differentiated and personalized experience in the coming quarters as well”.

Going forward, we will continue to invest and innovate our services to successfully tap the significant growth opportunities and deliver profitable volume-led growth, he said.

BLS’s contract for Attestation and Apostille Services was renewed by the Ministry of External Affairs. The Company expanded operations and added 11 more centres across the country to facilitate the process for MEA and the customers.

BLS also signed contracts with Embassy of Vietnam and Embassy of Lebanon, to accept visa applications in India. The company is now accepting visa applications and providing attestation and legalization services for travel to Vietnam and Lebanon at Mumbai, Hyderabad, Guwahati, Kolkata, Chennai, Ahmedabad, Bhopal, Goa, Kochi, Lucknow, Raipur, Delhi, Bengaluru, Chandigarh and Trivandrum.

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