BLS International Services Ltd - 540073 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In continuation to our intimation dated May 10, 2024, please find enclosed a transcript of earnings call held on Wednesday may 15, 2024
BLS E-Services Earmarks Rs 28.7 Crore For Acquisition, Eyes Inorganic Growth
With regard to organic growth, Aggarwal said, the company will focus on cross-selling products like insurance and other financial services and foster financial inclusion through business correspondents. BLS International Services Ltd - 540073 - Audio Recording Of Earnings Call On Operational And Financial Performance For The Fourth Quarter And Financial Year Ended March 31, 2024
In Continuation to our intimation dated May 10, 2024 and pursuant to regulation 30of SEBI( LODR) regulations 2015. the audio recording of earning call held on Wednesday May 15, 2024 is enclosed. BLS International Services Ltd - 540073 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed copies of newspaper advertisement of Audited Financial Results of the Company for the fourth quarter and financial year ended March 31, 2024 published today ie May 15, 2024 in the following newspaper: Financial Express- All Edition- English Newspaper Jansatta- Delhi Edition- Hindi Newspaper Q4FY24 Quarterly & FY24 Annual Result Announced for BLS International Services Ltd.
Travel Support Services company BLS International Services announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from Operations at Rs 447.7 crore, remained almost flat, as compared to Rs 448.6 crore in Q4FY23. The moderation in revenue growth was due to lower volumes in some key regions, attributed to the Ramadan festival from March 10, 2024 to April 9, 2024. EBITDA grew to Rs 90.3 crore from Rs 66.5 crore in Q4FY23, a growth of 35.7%; despite an increase in Employee Costs and Other Expenses occurring due to structural changes in the business model EBITDA Margin saw an expansion of 534 bps to 20.2% in Q4FY24 PBT before exceptional items at Rs 93.5 crore, as against Rs 65.2 crore inQ4FY23, up by 43.4% FY24 Financial Highlights: Revenue from Operations at Rs 1,676.8 crore, up by 10.6%, as compared to Rs 1,516.2 crore in FY23 EBITDA grew strongly by 56.4% to Rs 345.7 crore as against Rs 221.1 crore in FY23 EBITDA margin at 20.6% in FY24 as against 14.6% in FY23, expanded significantly by 603 bps PBT before exceptional items in FY24 recorded a robust growth of 57.8%, at Rs 352.1 crore, as compared to Rs 223.1 crore Speaking about the performance and recent updates, Shikhar Aggarwal, Joint Managing Director, BLS International Services said: “I am delighted to share that we have continuedour robust growth trajectory and achieved a revenue growth of 10.6% in FY24, withtheEBITDA and PAT surging by 56.4% and 59.4% respectively. Our EBITDA margin expanded significantly by 603 basis points (bps) to 20.6%, a testament to our strategic initiatives, including the renewal of contracts, the addition of new agreements, a favorable business mix, and structural modifications to our business model from partner model to now managing our own operations. The fiscal year 2023-24 heralded a series of accomplishments and milestones. We successfullyrenewed our pivotal global contract from Spain, renewed our contract of India Operations in Canada, secured another vital global contract from Slovakia, and won a comprehensive Visa outsourcing agreement covering Germany, Italy, Poland, Thailand, Hungary, the Czech Republic, and Portugal. Additionally, we celebrated the successful IPO of our subsidiary, BLSE- Services Limited., raising over Rs 300 Crore to fuel its continued growth and expansion. The year also saw us signing a definitive share purchase agreement to acquire a 100% stake in iDATA, a Turkey-based Visa & Consular service provider and manages over 37 Visa Application Centres (VAC) across 15+ countries. We believe this move will significantly enhanceourbusiness and extend our reach across additional geographies. The acquisition is expected to be completed by 30th June 2024, subject to necessary approvals. Looking ahead, we are poised for continued profitability, driven by the new contracts securedlast year and anticipated increases in application volumes from key regions. Our profitability will further be bolstered by our ongoing efforts to transform our business model, reducing dependency on partners, and taking greater control of our operations. As we usher in the new financial year, our focus remains steadfast on expanding our market share through organic growth initiatives and strategic acquisitions, steadfast in our commitment to generating sustainable value for all stakeholders.” Result PDF BLS International Services Ltd - 540073 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed Press Release dated May 14, 2024 wrt Audited Consolidated and Standalone Financial Results for the fourth quarter and financial year ended March 31, 2024 BLS International Services Ltd - 540073 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed investor presentation with respect to Audited Financial performance of BLS International Services Limited for the fourth quarter and financial year ended March 31, 2024 BLS International Services Ltd - 540073 - Announcement under Regulation 30 (LODR)-Change in Management
Re-appointment of Shikhar Aggarwal, ( DIN- 06975729) as a Joint Managing Director for a period of three years commencing from June 17, 2024, subject to the approval of the members in ensuing Annual General Meeting of the Company BLS International Services Ltd - 540073 - Outcome Of Nomination And Remuneration Committee Held On May 14, 2024.
Granted 2,64,000 Employee Stock Options convertible into equal number of equity shares to the eligible employees of the Company and its subsidiary Companies under BLS Internatioanal Employee Stock Option Scheme 2023. Noted resignation of Bharti Kumari as Trustee of BLS International Employees Welfare Trust wef May 31, 2024 and Ms. Jyoti Malhotra has been appointed as Trustee of the Trust BLS International Services Ltd - 540073 - Corporate Action-Board to consider Dividend
Recommended final Dividend at the rate of 50% on the face value i.e. 0.50?- Per Equity shares of the face value of Rs. 1/- each on 41,17,40,908 equity share of the company for the financial year 2023-24, subject to approval of members in ensuring Annual General Meeting of the company.