Consolidated Financial Results (Q1 FY27)

Key Financial Figures (INR in million):

  • Total income from operations: ₹9,492.89
  • Profit before exceptional items and tax: ₹23.62
  • Exceptional items: ₹0
  • Profit before tax: ₹23.62
  • Total tax expense: ₹39.43
  • Loss for the quarter: ₹(15.81)
  • Other comprehensive loss: ₹(74.43)
  • Total comprehensive loss: ₹(90.24)

Segment-wise Performance:

  • Facility Management and Food Services: Revenue ₹5,202.70, Segment result ₹237.24
  • Smart Infra, Energy and Engineering: Revenue ₹2,228.68, Segment result ₹206.72
  • Security Services: Revenue ₹1,867.13, Segment result ₹51.70
  • Foundit: Revenue ₹194.38, Segment loss ₹(146.94)

Attribution of Results:

  • Loss attributable to owners of the Company: ₹(4.86)
  • Loss attributable to non-controlling interests: ₹(10.95)

Standalone Financial Results (Q1 FY27)

Key Financial Figures (INR in million):

  • Total income from operations: ₹6,011.34
  • Profit before exceptional items and tax: ₹53.17
  • Exceptional items: ₹0
  • Profit before tax: ₹53.17
  • Total tax expense: ₹13.48
  • Profit for the quarter: ₹39.69
  • Other comprehensive loss: ₹(30.16)
  • Total comprehensive income: ₹9.53

Earnings Per Share (EPS):

  • Basic EPS: ₹0.27
  • Diluted EPS: ₹0.26

Significant Corporate Developments

Completed Acquisition:

  • Bluspring New Horizon One Private Limited (wholly owned subsidiary) completed acquisition of STEAG Energy Services (India) Private Limited on May 20, 2026 for consideration of ₹1,803.03 million
  • Acquisition funded through term loan facility of ₹1,750.00 million
  • STEAG includes subsidiary STEAG Energy Services (Botswana) Proprietary Limited and joint venture STEAG O&M Company Private Limited
  • Financial results include STEAG contribution from effective date of control (May 21, 2026) to June 30, 2026

Proposed Acquisition:

  • Bluspring New Horizon Two Private Limited entered definitive agreement on April 13, 2026 to acquire 100% stake in LSG Sky Chefs (India) Private Limited
  • Enterprise value: ₹1,290.00 million, subject to customary adjustments
  • Acquisition subject to regulatory approvals and fulfilment of conditions

Subsidiary and Joint Venture Structure

The consolidated results include:

  • 13 subsidiaries (including step subsidiaries)
  • 1 joint venture (STEAG O&M Company Private Limited)
  • Bluspring ESOP Trust (set up April 28, 2026)

Auditor Review

Deloitte Haskins & Sells issued unqualified review reports for both standalone and consolidated financial results. The review identified:

  • 6 subsidiaries with unreviewed interim financial information reflecting total revenues of ₹1,671.81 million and total net loss of ₹65.02 million
  • 4 subsidiaries with unaudited financial information certified by management reflecting total revenue of ₹2.09 million and total loss of ₹2.64 million
  • 1 joint venture with unreviewed interim financial information

Exceptional Items

No exceptional items recorded in current quarter. Previous year exceptional items included:

  • Professional fees for acquisitions: ₹67.79 million
  • Demerger expenses: ₹12.71 million
  • Labour code implementation impact: ₹285.84 million (net credit of ₹13.04 million in Q4 FY26)

Capital Structure

Paid-up equity share capital (face value ₹10.00 per share): ₹1,494.41 million as of June 30, 2026