• The document contains the transcript of an Investor/Analysts' Earnings Conference Call discussing the Unaudited Financial Results of Bluspring Enterprises Limited for the quarter and half year ended September 30, 2026.
  • The conference call was held on Saturday, November 07, 2026, at 10:30 A.M. (IST).
  • The stated purpose of the event was to discuss Q2 and H1 FY27 financial results and provide business updates.
  • Management participants included:
  • Mr. Kamal Pal Hoda – CEO
  • Mr. Prapul Sridhar – CFO
  • Mr. Nibodh Shetty – Head of Investor Relations
  • The company highlighted that discussions may include forward-looking statements subject to business risks, regulatory changes, and macro-economic conditions.
  • The transcript is available on the company's website at www.bluspring.com under the Investors section.
  • The company discussed Q2 FY27 financial performance excluding foundit business:
  • Revenue: ₹1,250 crore (49% YoY growth)
  • EBITDA: ₹67 crore (130% YoY growth)
  • PAT: ₹32 crore (95% YoY growth)
  • EBITDA margin: 5.4% (188 bps expansion)
  • PAT margin: 2.5% (60 bps expansion)
  • H1 FY27 performance excluding foundit:
  • Revenue: ₹2,180 crore (35% YoY growth)
  • EBITDA: ₹102 crore (93% YoY growth)
  • PAT: ₹48 crore (76% YoY growth)
  • Segment-wise performance (Q2 FY27):
  • Smart Infra, Energy and Engineering: Revenue ₹449 crore (189% YoY growth), EBITDA ₹49 crore, margin 10.9%
  • Facility and Food Services: Revenue ₹601 crore (17% YoY growth), EBITDA ₹29 crore, margin 4.7%
  • Security Services: Revenue ₹201 crore (20% YoY growth), EBITDA ₹6 crore, margin 3.2%
  • Foundit business performance:
  • Sales: ₹30 crore (62% YoY growth, 19% QoQ growth)
  • Revenue: ₹22 crore
  • EBITDA loss: ₹12 crore (reduced from ₹14 crore in previous quarter)
  • The company completed two acquisitions:
  • LSG Sky Chefs India (consolidated from August 2026)
  • STEAG (full quarter consolidation)
  • Total purchase consideration: ₹340 crore largely funded by acquisition debt
  • Workforce: Over 100,000 employees, added 8,000 employees in H1 including 2,800 from acquisitions
  • Debt position: Gross debt ₹420+ crore, cash ₹320 crore, net debt ₹126 crore
  • Working capital days: 38 days as of Q2, expected to settle at 40 days
  • FY27 guidance reaffirmed: Revenue crossing ₹4,700 crore, EBITDA crossing ₹200 crore, PAT of ₹100 crore

Additional Notes Section

  • The document includes the full transcript of the earnings conference call with Q&A session involving analysts from M K Fund Management, Nasser Investments, ICC Wealth, Wealthmine Advisory, and Beas Capital.
  • The company explicitly stated that the transcript contains forward-looking statements and referred to the Safe Harbor Clause provided on slide 2 of their Investor Presentation.
  • The document was submitted to BSE and NSE pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The letter was digitally signed by Raman Sapra, Company Secretary & Compliance Officer, on November 13, 2026.