Commercial Services company BLS E-Services announced Q3FY25 results Total Income for the quarter was at Rs 133.1 crore as compared to Rs 72.8 crore reported in Q3FY24, a growth of 82.7%. This includes Rs 52.8 crore of total income of Aadifidelis Solutions Pvt Ltd. and its affiliates (ASPL) which is being consolidated from 26th Nov 2024 onwards. EBITDA stood at Rs 21.2 crore compared to Rs 11.5 crore in Q3FY24, up by 84.8% YoY. EBITDA Margin stood at 15.9% in Q3FY25 compared to 15.8% reported in Q3FY24. ASPL reported EBITDA margin of 4.4% for the consolidated period. PAT grew by 76.3% to Rs 14.0 crore, as compared to Rs 7.9 crore reported in Q3FY24. PAT Margin stood at 11.0% in Q3FY25. Excluding ASPL, EBITDA Margin stood at 23.5% and PAT Margin stood at 16.5% in Q3FY25. Shikhar Aggarwal, Chairman, BLSE- Services, said: “We are pleased to announce a robust performance in Q3FY25 registeringaYoY growth of 82.7% and 76.3% in total income and profit after tax, respectively. Duringthequarter, we completed the acquisition of 57% controlling stake in ASPL, a leading player inthedistribution and processing of loans for corporations and individuals. We have utilisedpart of the IPO proceeds for this acquisition as per the objects of the issue. Our network now stands at 41,500+ Channel Service Partners and 136,700+ touchpoints, including ASPL’s credible network of 8,600 channel service partners which facilitate amonthlyloan disbursement of Rs 1,600+ crore. The acquisition has increased our reachintheBusiness Correspondent services and will positively contribute to its growth in future. During the quarter, the company also won significant contracts for business correspondentservices from Canara Bank as well as Central Bank of India. As we progress into the future, our strategic focus remains on the enhancement anddevelopment of digital infrastructure achieving wider accessibility and for penetratingnewmarket segments. Through this approach, we are poised to enhance customer experiences, streamline operations, and drive business expansion in a sustainable and profitable manner.” Result PDF
Commercial Services company BLS E-Services announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Total Income for the quarter was at Rs 84.5 crore as against Rs 81.8 crore in Q2FY24 Operating EBITDA stood at Rs 13.5 crore compared to Rs 12.0 crore inQ2FY24. Operating EBITDA margin expanded by 262 bps to 17.5% in Q2FY25 from14.9% in Q2FY24. EBITDA stood at Rs 20.8 crore as compared to Rs 13.1 crore in Q2FY24, up by 59.6% YoY. EBITDA margin expanded by 871 bps to 24.7% in Q2FY25 from15.9% in Q2FY24. PAT in Q2FY25 grew by 63.0% to Rs 14.9 crore, as compared to Rs 9.1 crorei n Q2FY24. PAT Margin was at 19.3% in Q2FY25, expanded by 798 bps, from11.3% in Q2FY24. H1FY25 Financial Highlights: The company’s Total Income stood at Rs 166.8 crore in H1FY25 as compared to Rs 158.0 crore in H1FY24. Operating EBITDA of the company increased to Rs 25.3 crore from Rs 20.6 crore in H1FY24, registering a growth of 22.4% YoY. Margin expanded by 335 bps to16.6% in H1FY25 from 13.2% in H1FY24. EBITDA of the company grew by 75.5% to Rs 39.5 crore fromRs. 22.5 crore in H1FY24. Margin expanded by 945 bps to 23.7% in H1FY25 from 14.2%in H1FY24. PAT rose to Rs 27.5 crore as compared to Rs 14.7 crore in H1FY24, a growthof 87.3% YoY. Shikhar Aggarwal, Chairman, BLSE- Services, said: “We are delighted to announce a robust financial performance for thecompany in the first half of the fiscal year 2025 with EBITDA expanding by 75.5%andProfitAfter Tax surging by 87.3% over H1FY24. Higher contribution of Business Correspondentsegment and continued efforts of achieving operational efficiencies largely benefited the performance for the period. The company's asset-light business model along with a vast network of 29,700+ Channel Service Partners and 121,000+ touchpoints remain a cornerstone for its financial success. Fuelled by our ongoing efforts to identify fresh opportunities for expansion andourunwavering commitment to achieving excellence and cross-selling opportunities across all facets of our operations, BLSe is positioned aptly to continue to deliver sustainable resultsinthe future.” Result PDF
Commercial Services company BLS E-Services announced Q1FY25 results: Financial Highlights: Revenue for the quarter was at Rs 75.4 crore as against Rs 75.3 crore in Q1FY24 EBITDA stood at Rs 11.7 crore as compared to Rs 8.6 crore in Q1FY24, up by 36.7%. EBITDA margin expanded by 418 bps to 15.6% in Q1FY25 from 11.4% in Q1FY24 PAT in Q1FY25 grew by 127.0% to Rs 12.6 crore, as compared to Rs 5.6 crore in Q1FY24. PAT Margin was at 16.8% in Q1FY25, expanded by 938 bps, from 7.4% in Q1FY24 Key Highlights: The Business Correspondent business witnessed over 3.5 crore transaction with gross transaction value of over Rs 20,000 Crore during Q1FY25. At the end of the quarter, the business had 27,000+ CSPs and 1,10,000+ touchpoints across the country. During the quarter, the company signed a Service Provider Agreement with Axis Bank BLS E-services generated leads worth ~Rs. 1,000 Crore in Q1FY25 for Private Banks viz, HDFC & Kotak, as compared to Rs 602 Crore generated for fiscal year 2024 As part of the company’s inorganic initiative during the quarter, the company entered into a definitive Share Purchase Agreement to acquire 55% controlling interest in Aadifidelis Solutions Pvt. Ltd. and its affiliates (ASPL). Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS EServices said: “The Company’s consolidated Revenue from Operations remained at similar levels for the quarter, while on profitability front, we witnessed a robust YoY growth in EBITDA and PAT of 36.7% and 127.0% respectively. EBITDA Margin for the quarter expanded to 15.6% from 11.4% in Q1FY24 on account of reduced costs of services and lower other expenses, while PAT Margin expanded to 16.8% from 7.4% in the previous corresponding quarter. Demonstrating continued growth, we increased the number of Channel Service Partners (CSPs) and now we have 27,000+ CSPs across the country. This, along with our 1,10,000+ touchpoints aided in generating over 3.5 Crore transactions, with a Gross Transaction Value of more than Rs 20,000 crore during the period. Furthermore, we have signed a Service Provider Agreement (SPA) with Axis Bank and generated leads to the tune of ~Rs 1,000 crore in Q1FY25 for Private Banks viz., HDFC & Kotak, as compared to Rs 602 Crore of leads generated for full fiscal year 2024. I am also pleased to announce that, during the quarter, we entered into a definitive Share Purchase Agreement to acquire 55% controlling interest in Aadifidelis Solutions Pvt. Ltd. and its affiliates (ASPL), one of the largest players in rendering secured as well as unsecured loans for corporates and individuals, through its Pan-India presence in 17 states and UTs via a network of 8,600 channel partners. The acquisition, which is expected to close in Q2FY25, and will openup huge cross-selling opportunities, while expanding our portfolio of citizens-centric last mile banking services. We continue to pursue establishing technology-enabled infrastructure and remain steadfast in our dedication to deliver last mile services to the unserved and underserved rural and remote population of India. We will also maintain our focus on further expanding our reach and enhancing the quality of services, making BLS E Services a household name at the grassroot levels in India.” Result PDF
Commercial Services company BLS E-Services announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Revenue grew by 6.9% YoY, to Rs 78.7 crore, as compared to Rs 73.6 crore in Q4FY23 EBITDA at Rs 16.0 crore, as against Rs 13.1 crore in Q4FY23; up by 21.8% YoY; EBITDA Margin stood at 20.3% as compared to 17.8% in Q4FY23, an expansion of 248 bps PBT before exceptional items stood at Rs 14.4 crore, up 24.6% from Rs 11.6 crore in Q4FY23 FY24 Financial Highlights: Total Revenue increased by 25.7% YoY to Rs 309.6 crore as against Rs 246.3 crore in FY23 EBITDA at Rs 49.9 crore as against Rs 36.3 crore in FY23, up by 37.6%; EBITDA margin at 16.1% in FY24 as against 14.7% in FY23, expanded by 139 bps PBT before exceptional items in FY24 grew robustly by 54.5%, at Rs 45.7 crore, as compared to Rs 29.6 crore PAT in FY24 grew by 65.0%, at Rs 33.5 crore, as compared to Rs 20.3 crore; PAT Margin at 10.8% in FY24, expanded by 258 bps, from 8.3% in FY23 Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS EServices Ltd. said: “We are pleased to announce the financial performance in FY24, marked by a significant growth in Total Revenue and PAT, which increased strongly by 25.7% and 65.0% respectively. During the year, we have also increased our reach and network to over 100,000 Touchpoints and more than 1,000 BLS Stores. We are ushering in an era of unparalleled financial inclusion and digital empowerment, as evidenced by our transformative initiatives across various sectors. Our collaboration with the National Health Authority for the Ayushman Bharat Quality Check (QC) in Uttar Pradesh, under the visionary National Digital Health Mission, heralds a new chapter in healthcare accessibility. Similarly, our partnership with Public and Private Sector Banks through initiatives like ‘Har Ghar Suraksha,' a social security campaign by the Department of Financial Services and PSU banks, and the 'DSB Dastak' campaign, part of the EASE 2.0 quidelines, is a testament to our commitment to bringing banking services to every doorstep. From facilitating over 133 million transactions worth more than Rs 72,700 crore this year through our 21,000+ BC Centers, we have generated leads of over Rs 580 crore of loans & deposits in a quarter for our partners in the private sector banking space through our Business Facilitator model, a testament to our competitive edge. As we forge ahead, our focus remains on expanding our network and reach through our BCs and digital stores, invest in building an advanced digital infrastructure which can withstand the quantum of transactions being envisaged given the trajectory of our economy. We would like to set new industry benchmarks and create a more equitable and sustainable future for all.” Result PDF