BLS International has reported a landmark financial year for FY26, delivering significant growth across all key metrics. Driven by robust performance in its Visa & Consular and Digital Services segments, the company achieved a 37% increase in revenue and a 34% rise in Profit After Tax (PAT). With an asset-light model and strategic contract wins, including the INR 2,500 crore UIDAI project, the company maintains a strong growth trajectory and healthy balance sheet.
Financial Highlights for FY26
The company delivered a stellar performance in FY26, with revenue reaching INR 2,998 crores, marking a 37% year-on-year growth. Operating profitability remained strong, as EBITDA rose by 30% to INR 819 crores. The company’s consistent focus on operational efficiency and a successful transition to a self-managed business model resulted in a PAT of INR 724 crores, reflecting a 34% increase compared to the previous year.
Segment Performance
The Visa & Consular Services segment continued to be a core driver, growing by 11% to INR 1,840 crores, with EBITDA margins improving significantly to 40.1%. This growth was supported by an increase in total processed applications to over 44.1 lakh. Simultaneously, the Digital Services business saw remarkable momentum, with revenues more than doubling to INR 1,158 crores, registering a 114% year-on-year growth, primarily fueled by the Business Correspondent (BC) business and loan distribution services.
Strategic Projects and Outlook
A key milestone for the company is the INR 2,500 crore UIDAI Aadhaar project. The company has already completed the first phase of the rollout and expects the project to ramp up over the next 1 to 1.5 years. This initiative, operating on a user-pay model, is set to be a significant contributor to long-term revenue. Looking ahead, management remains optimistic, targeting a growth of 20% to 25% for FY27 based on a strong pipeline of international and domestic tenders.
Shareholder Value
Demonstrating its commitment to rewarding shareholders, the Board has recommended a final dividend of 50% of the face value (INR 0.5 per equity share). Combined with the interim dividend of INR 2.0 per share, the total dividend payout for the year exceeds INR 100 crores, underscoring the company’s solid cash position of INR 1,434 crores as of March 31, 2026.
Source: BSE
