BLS International Services Limited announced its unaudited consolidated financial results for the quarter ended June 30, 2026, pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Financial Performance Highlights

Consolidated Results for Q1FY27:

  • Revenue from Operations: ₹890.5 Crores, representing 25.3% YoY growth from ₹710.6 Crores in Q1FY26
  • EBITDA: ₹252.4 Crores, showing 23.6% YoY growth from ₹204.2 Crores in Q1FY26
  • EBITDA Margin: 28.3% in Q1FY27 compared to 28.7% in Q1FY26
  • PBT: ₹235.6 Crores, representing 17.7% YoY growth from ₹200.2 Crores in Q1FY26
  • PBT Margin: 26.5% in Q1FY27 compared to 28.2% in Q1FY26
  • PAT: ₹201.6 Crores, showing 11.4% YoY growth from ₹181.0 Crores in Q1FY26
  • PAT Margin: 22.6% in Q1FY27 compared to 25.5% in Q1FY26

Segmental Performance

Visa & Consular Business:

  • Revenue: ₹560.1 Crores, growing 21.6% YoY from ₹460.7 Crores in Q1FY26
  • EBITDA: ₹225.9 Crores, growing 21.5% YoY from ₹186.0 Crores in Q1FY26
  • Number of visa applications: 11.3 lakh applications during the quarter
  • Net revenue per application: ₹3,521 for Q1FY27 vs. ₹3,167 for Q1FY26, representing 11.2% YoY growth
  • Net Revenue is defined as Reported Revenue less cost of services for Visa & Consular Services Business

Digital Business:

  • Revenue: ₹330.4 Crores, growing 32.2% YoY from ₹249.9 Crores in Q1FY26
  • EBITDA: ₹26.5 Crores, growing 45.5% YoY from ₹18.3 Crores in Q1FY26
  • Business Correspondent segment Gross Transaction Value (GTV): Over ₹29,500+ Crores during the quarter compared to approximately ₹26,000+ Crores in Q1FY26

Operational Highlights for Q1FY27

  • Commenced Belarus visa operations in Mumbai, India, facilitating visas for all categories including Transit, Tourism, Business, Study, Private, and Participation in cultural, educational, sports, and scientific events
  • Launched #VisaReadyWithBLSInternational social media campaign to educate and create awareness among visa applicants about timelines, documentation requirements, and application best practices
  • Successfully launched AI-powered VoiceBot in the United Kingdom for the Spanish mission, providing round-the-clock virtual assistance to visa applicants

Management Commentary

Mr. Shikhar Aggarwal, Joint Managing Director, stated that the company delivered strong growth and resilient performance, underscoring the strength of its diversified business model, global presence, and disciplined execution. He highlighted that the Visa & Consular Services business remained a key growth engine with 21.6% revenue growth and 21.5% EBITDA increase, driven by strong operating leverage, favorable business mix, and process efficiencies. The Digital Services business continued its growth trajectory with 32.2% revenue growth and 45.5% EBITDA increase. He expressed confidence in capturing long-term growth opportunities supported by rising global mobility, expanding government outsourcing, and continued investments in technology and operational excellence.

Company Background

BLS International Services Ltd. is an Indian multi-national corporation and a leading global travel and mobility service provider working with over 46 client governments including Diplomatic Missions, Embassies, and consulates. The company has an extensive network of more than 50,000+ centers globally with over 60,000+ employees and associates providing consular, biometrics, and citizen services. The company is certified with CMMI DEV ML5 V2.0 & SVC ML5 V2.0, ISO 9001:2015, ISO 27001:2013, and ISO 14001:2015.