Mumbai, 12th November 2024: BLS E-Services Limited (BLSe), a technology-enabled digital service provider, announced its consolidated financial results for the quarter and half year ended 30th September 2024.
Consolidated Financial highlights:
Q2FY25
Total Income for the quarter was at Rs. 84.5 Crores as against Rs. 81.8 Crores in Q2FY24
o Operating EBITDA stood at Rs. 13.5 Crores compared to Rs. 12.0 Crores in Q2FY24. Operating EBITDA margin expanded by 262 bps to 17.5% in Q2FY25 from 14.9% in Q2FY24.
o EBITDA stood at Rs. 20.8 Crores as compared to Rs. 13.1 Crores in Q2FY24, up by 59.6% YoY. EBITDA margin expanded by 871 bps to 24.7% in Q2FY25 from 15.9% in Q2FY24.
o PAT in Q2FY25 grew by 63.0% to Rs. 14.9 Crores, as compared to Rs. 9.1 Crores in Q2FY24. PAT Margin was at 19.3% in Q2FY25, expanded by 798 bps, from 11.3% in Q2FY24
H1FY25
o The company’s Total Income stood at Rs. 166.8 Crores in H1FY25 as compared to Rs. 158.0 Crores in H1FY24.
o Operating EBITDA of the company increased to Rs. 25.3 Crores from Rs. 20.6 Crores in H1FY24, registering a growth of 22.4% YoY. Margin expanded by 335 bps to 16.6% in H1FY25 from 13.2% in H1FY24.
o EBITDA of the company grew by 75.5% to Rs. 39.5 Crores from Rs. 22.5 Crores in H1FY24. Margin expanded by 945 bps to 23.7% in H1FY25 from 14.2% in H1FY24.
o PAT rose to Rs. 27.5 Crores as compared to Rs. 14.7 Crores in H1FY24, a growth of 87.3% YoY.
Speaking about the performance and recent updates, Mr. Shikhar Aggarwal, Chairman, BLS E-Services Ltd. said: “We are delighted to announce a robust financial performance for the company in the first half of the fiscal year 2025 with EBITDA expanding by 75.5% and Profit After Tax surging by 87.3% over H1FY24. Higher contribution of the Business Correspondent segment 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 and our unwavering commitment to achieving excellence and cross-selling opportunities across all facets of our operations, BLSe is positioned aptly to continue to deliver sustainable results in the future.”
Other Key Highlights:
o The Business Correspondent business witnessed over 3.6 Crore transactions with Gross Transaction Value of more than Rs. 20,000 Crores during Q2FY25.
o BLSe generated leads worth over Rs. 1,400 Crores in Q2FY25 for financial institutions, as compared to Rs. 1,000 Crores generated in Q1FY25