Q1FY25 Performance highlight BLS International
* The company’s Revenue from Operations grew by 28.5% YoY to Rs. 492.7 Crores in Q1FY25 as compared to Rs. 383.5 Crores 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 Crores.
* EBITDA of the company surged to Rs. 133.2 Crores during the quarter from Rs. 80.1 Crores 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 Crores as compared to Rs. 71.0 Crores in Q1FY24, a growth of 70.1% YoY.
Segmental Performance
1) Visa & Consular Business (Contributing ~84% of the total revenue)
*Revenue of the Visa & Consular business grew by 35.9% YoY in Q1FY25 to Rs. 414.1 Crores compared to Rs. 304.8 Crores in Q1FY24
* Transformation from partner-led to self-managed business model at few of the locations led EBITDA of the Visa business grew by 70.9% YoY to Rs. 121.3
Crores and margin witnessing a robust expansion of 600 bps to 29.3% in Q1FY25 from 23.3% in Q1FY24
* No. of visa applications increased by 18.0% during the quarter to 8.50 lakhs
2) Digital Business (Contributing ~16% of the total revenue)
* Revenue stood at Rs. 78.5 Crores in Q1FY25 as compared to Rs. 78.7 Crores in Q1FY24
* EBITDA of the digital business grew by 30.7% YoY to Rs. 11.9 Crores during the quarter from Rs. 9.1 Crores in Q1FY24 and margin expanded to 15.2% against 11.6% recorded in Q1FY24
* The Business Correspondent business witnessed over 3.5 Crore transaction with Gross Transaction Value of over Rs. 20,000 Crores during Q1FY25.
* At the end of the quarter, the business had 27,000+ CSPs and 110,000+ touchpoints
* Signed a Service Provider Agreement with Axis Bank and 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
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
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Publish date : 2024-08-07 19:03:00
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