BLS International Services Limited announced its financial results for the second quarter and first half of FY27. The company achieved a record consolidated revenue of ₹973 crore for Q2, marking a 32% increase year-on-year. For the first half (H1 FY27), revenue grew 29% to ₹1,863 crore. The company also shared its FY30 ambition, targeting revenue between ₹6,300 crore and ₹6,500 crore with an EBITDA margin of 28% to 30%.
BLS International Reports Strong Q2 Performance with Record Revenue
BLS International Services Limited has announced its financial results for the second quarter (Q2) and the first half (H1) of the Financial Year 2027 (FY27), concluding on September 30, 2026. The company reported a record consolidated revenue of ₹973 crore for the second quarter, representing a significant 32% increase compared to the corresponding quarter last year. This marks the highest quarterly revenue achieved by the company to date.
First Half Financial Highlights
For the first half of FY27, BLS International’s consolidated revenue grew by 29% year-on-year, reaching a total of ₹1,863 crore. EBITDA for the first half saw a 20% increase, amounting to ₹500 crore, with a margin of 26.9%. Profit After Tax (PAT) for H1 FY27 was ₹403 crore, a 10% rise from the previous year.
Segment Performance
The company’s performance was driven by growth across its key business segments. Visa & Consular Services segment revenue increased by 11% in Q2 to ₹510 crore, with EBITDA growing by 11% to ₹214 crore, maintaining a healthy margin of 41.9%. For H1, this segment’s revenue was ₹1,070 crore, up 16%.
Digital Services demonstrated robust growth, with Q2 revenue increasing by 66% to ₹463 crore and EBITDA growing by 67% to ₹34 crore. This segment’s growth was fueled by business correspondent and loan distribution activities, alongside the full quarter contribution from Atyati. For H1, Digital Services revenue was ₹793 crore, up 50%.
Strategic Outlook and FY30 Ambitions
Looking ahead, BLS International has outlined its FY30 ambition to reach revenues between ₹6,300 crore and ₹6,500 crore. This is to be achieved with an average annual revenue growth rate of 20% to 25% and an EBITDA margin of 28% to 30%. The growth strategy includes expanding the existing Visa business, securing new contracts, scaling Digital Services and G2C activities, and pursuing selective acquisitions.
Other Key Developments
The company also highlighted processing approximately 500 million applications globally during the quarter, a significant milestone across more than 100 countries. As of September 30, 2026, BLS International held a healthy net cash position of ₹1,556 crore. ICRA rated the company AA- for the long term and A1+ for the short term, reflecting its financial strength.
Source: BSE
