Travel Support Services company BLS International Services announced Q2FY25 results The company’s Revenue from Operations grew by 21.4% YoY to Rs 495.0 crore in Q2FY25 as compared to Rs 407.7 crore in Q2FY24. The growth was mainly drivenbythe Visa & Consular business which witnessed a robust Revenue growth of 29.6%YoY. EBITDA of the company surged to Rs 164.0 crore during the quarter from Rs 86.7crore in Q2FY24, registering a growth of 89.1% YoY. EBITDA Margin expanded by 1,186 bps to 33.1% in Q2FY25 from 21.3% in Q2FY24. Margin expansion was enhanced by the ongoing transition frompartner runtoself- managed model and the acquisition of iDATA. PAT for the quarter stood at Rs 145.7 crore as compared to Rs 82.0 crore in Q2FY24, a growth of 77.7% YoY. High taxes in Dubai impacted PAT growth vis-a-vis EBITDA growth. Post iDATA acquisition of Rs 720 crore, the company’s net cash balance stoodat Rs 902 crore as of Q2FY25. Shikhar Aggarwal, Joint ManagingDirector, BLS International Services, said: “We continue to witness strong growth momentum and achieved significant milestones with respect to financial and operational performance this quarter. We recorded highest ever revenue at Rs 495.0 crore, Operating Profit at Rs 164.0 crore and Profit after Tax at Rs 145.7 crore, for the quarter. The growth was driven by increased volume of visa applications, opening-up of new visa application centres in Columbia & Peru, and the acquisition of iDATA. The ongoing transition to a self-managed model from partner-run model and the acquisitionof iDATA enhanced the operating margins by 1,186 bps to record all-time high of 33.1% in the quarter. We have also expanded our operations by acquiring 100% stake in Citizenship Invest whichwas completed in Oct’24 and the definitive agreement to acquire controlling stake of 57% in Aadifidelis Solutions Pvt. Ltd – one of the largest loan distribution & processing companies in India, is expected to complete soon. With an objective to acquire a larger pie of the visa-outsourcing industry, along with expanding into untapped markets, the company is focussed on offering its services across the globe. Operating on an asset-efficient and tech-driven model that prioritizes capital conservation, the company ensures strong cash flows. The strategic acquisitions will continueto drive sustainable growth for the company with a focus on maximizing stakeholders value.” Result PDF