Travel Support Services company BLS International Services announced Q1FY25 results: Financial Highlights: The company’s Revenue from Operations grew by 28.5% YoY to Rs 492.7 crore in Q1FY25 as compared to Rs 383.5 crore in Q1FY24. The growth was mainly driven by the Visa & Consular business which witnessed a robust growth of 35.9% YoY in Revenue to reach to Rs 414.1 crore. EBITDA of the company surged to Rs 133.2 crore during the quarter from Rs 80.1 crore in Q1FY24, registering a growth of 66.3% YoY. EBITDA Margin expanded by 615 bps to 27.0% in Q1FY25 from 20.9% in Q1FY24. PAT for the quarter stood at Rs 120.8 crore as compared to Rs 71.0 crore in Q1FY24, a growth of 70.1% YoY. Speaking about the performance and recent updates, Shikhar Aggarwal, Joint ManagingDirector, BLS International Services said: “The company registered a strong start totheyear and delivered a robust performance with consolidated Revenue and EBITDA growth of 28.5% & 66.3% YoY, respectively, during the quarter. The growth was driven by the Visa&Consular; business which witnessed a revenue growth of 35.9% YoY and EBITDAgrowthof 70.9% YoY in Q1FY25. Our focused approach to increase market share globally, coupled with strong industry tailwinds, have contributed to the segment’s growth. Our on-going efforts to make our visa business operations more efficient by transitioning from the partner-run to self-managed centers at various locations enabled us to achieve higher EBITDA Margin. The EBITDA margin of the Visa & Consular business witnessed an expansion of 600 bps YoY and 850 bps QoQ to 29.3% from 23.3% in Q1FY24 and 20.8% in Q4FY24. Recently, we have achieved a major milestone with the completion of the acquisition of 100% stake in iDATA and we are working on integrating iDATA's business operations with BLS. During Q1FY25, we also entered into a definitive Share Purchase Agreement to acquire 55% controlling interest in Aadifidelis Solutions Pvt. Ltd - one of the largest loan distribution & processing companies in India. The acquisition is expected to close during the current quarter, and we believe it will reinforce our last mile banking coverage and provide ample cross-selling opportunities under our Digital business. The international travel industry continues to witness growth, bolstered by increased business confidence and measures that facilitate travel, as well as improved air connectivity and higher capacity. Consequently, this will drive a rise in visa application demand and presents us an opportunity to obtain additional new contracts and penetrate additional markets. In addition, we continue to focus on inorganic growth initiatives wherein we would be targeting synergistic tech-enabled businesses." Result PDF