267.70
-0.35%
IDBI Capital
BLS International Services delivered a strong Q3FY26 performance, reflecting robust execution across visa and digital services. Consolidated revenue grew 44% YoY in Q3 and 46% in nine months, while PAT rose 33% and 36% respectively, nearly matching last year's full-year revenue within nine months. Higher visa application volumes drove growth, better net revenue per application, new global contract wins, and consolidation of recent acquisitions. The visa and consular segment showed healthy operating advantage, with EBITDA margins improving to ~40% due to higher volumes and a shift toward a self-managed model. Digital...
IDBI Capital decreased Buy price target of BLS International Services Ltd. to 330.0 on 21 May, 2026.
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