BLS International Services Limited announced its financial results for the second quarter and half year ended September 30, 2026. The company presented its Un-Audited Consolidated and Standalone Financial results. Key developments and performance highlights for Q2 and H1 FY27 were detailed, including updates on business segments and financial metrics.
BLS International Services Q2 and H1 FY27 Results
BLS International Services Limited has officially disclosed its financial performance for the second quarter and the first half of the fiscal year FY27, ending on September 30, 2026. The company provided an investor presentation detailing both its Un-Audited Consolidated and Standalone Financial results for the specified periods.
Key Developments and Performance
The presentation outlines key developments during Q2 and H1 FY27, including significant operational milestones such as processing 500 million applications and achieving a landmark position in global operations. Strategic initiatives like the appointment of a Global Strategic Advisor and recognition as a Great Place to Work in India were highlighted. Financial credibility was underscored with an AA- (Stable) / A1+ credit rating from ICRA.
Financial Snapshot: Q2 FY27 vs Q2 FY26
On a consolidated basis for Q2 FY27, BLS International Services reported a revenue of Rs. 973 Crores, marking a 32.0% YoY increase. EBITDA stood at Rs. 248 Crores (+16.6% YoY), with a PAT of Rs. 202 Crores (+8.6% YoY). The EBITDA Margin was 25.5%, and PAT Margin was 20.7%.
The Visa & Consular segment saw revenue of Rs. 510 Crores (+11.2% YoY), with EBITDA at Rs. 214 Crores (+11.2% YoY) and Net Revenue/App. at Rs. 3,553 (+10.2% YoY). The EBITDA Margin for this segment was 41.9%.
Financial Snapshot: H1 FY27 vs H1 FY26
For the half-year ended H1 FY27 on a consolidated basis, revenue reached Rs. 1,863 Crores (+28.7% YoY), with EBITDA at Rs. 500 Crores (+20.0% YoY) and PAT at Rs. 403 Crores (+10.0% YoY). The consolidated EBITDA Margin was 26.9% and PAT Margin was 21.6%.
In the Visa & Consular segment for H1 FY27, revenue was Rs. 1,070 Crores (+16.4% YoY), EBITDA was Rs. 440 Crores (+16.2% YoY), and Net Rev./App. was Rs. 3,537 (+10.7% YoY). The EBITDA Margin for this segment stood at 41.1%.
Strategic Vision and Growth Drivers
The company has set ambitious targets for FY30, aiming for a revenue of Rs. 63-65 Bn (Rs. 6,300 – 6,500 Crores) with an annual revenue growth of 20-25%. The targeted EBITDA margin is set at 28-30%. Key growth levers include strengthening the core visa business, winning new tenders, scaling adjacent global businesses, expanding G2C services, accelerating digital services, cross-selling across the network, technology-led growth, and selective M&A.
Balance Sheet and Cash Flow
As of September 26, 2026, the consolidated balance sheet shows Total Assets of Rs. 4,299.4 Crores and Total Liabilities of Rs. 4,299.4 Crores. The consolidated cash flow statement indicates a Net Increase/(Decrease) in Cash & Cash Equivalents of Rs. 165 Crores for Sep FY27, with Cash & Cash Equivalent at the end of the period standing at Rs. 659 Crores.
Market Position and Future Outlook
BLS International is positioned as a leading Global Travel & Mobility Service Provider with a 20-year track record, operations in 100+ countries, and serving 46 client governments. The company holds significant market share in the visa outsourcing domain and is expanding its service offerings in consular, residency, and immigration services. Technology is a core driver, enhancing operational leverage, revenue quality, government trust, and applicant experience.
Source: BSE
