{"id":10993,"date":"2022-05-10T10:17:33","date_gmt":"2022-05-10T10:17:33","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/05\/10\/bls-international-services-ltd-registers-operational-revenue-of-rs-253-8-crores-for-q4-fy-2021-22-growth-of-75-5-compared-to-q4-fy-2020-21-profit-after-tax-at-rs-35-2-crores-grew-by-53-0-compared-t\/"},"modified":"2022-05-10T10:17:33","modified_gmt":"2022-05-10T10:17:33","slug":"bls-international-services-ltd-registers-operational-revenue-of-rs-253-8-crores-for-q4-fy-2021-22-growth-of-75-5-compared-to-q4-fy-2020-21-profit-after-tax-at-rs-35-2-crores-grew-by-53-0-compared-t","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2022\/05\/10\/bls-international-services-ltd-registers-operational-revenue-of-rs-253-8-crores-for-q4-fy-2021-22-growth-of-75-5-compared-to-q4-fy-2020-21-profit-after-tax-at-rs-35-2-crores-grew-by-53-0-compared-t\/","title":{"rendered":"BLS International Services Ltd. Registers Operational Revenue of Rs 253.8 Crores for Q4 FY 2021-22, growth of 75.5% compared to Q4 FY 2020-21; Profit After Tax at Rs 35.2 Crores grew by 53.0% compared to Q4 FY 2020-21"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"394\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2022\/05\/BLS-1.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>New Delhi (India), May 10<\/strong>: BLS International, a trusted global tech-enabled services partner for governments and citizens, released today the consolidated financial results for the fourth quarter and full year ended March 31, 2022.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"151\"><strong>Consolidated (Rs Cr)<\/strong><\/td>\n<td width=\"71\"><strong>Q4FY22<\/strong><\/td>\n<td width=\"71\"><strong>Q4FY21<\/strong><\/td>\n<td width=\"71\"><strong>%<\/strong><\/p>\n<p><strong>Change<\/strong><\/td>\n<td width=\"64\"><strong>FY22<\/strong><\/td>\n<td width=\"70\"><strong>FY21<\/strong><\/td>\n<td width=\"63\"><strong>%<\/strong><\/p>\n<p><strong>Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"151\">Operational Revenue<\/td>\n<td width=\"71\">253.8<\/td>\n<td width=\"71\">144.6<\/td>\n<td width=\"71\">75.5%<\/td>\n<td width=\"64\">849.9<\/td>\n<td width=\"70\">478.4<\/td>\n<td width=\"63\">77.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">EBITDA<\/td>\n<td width=\"71\">35.0<\/td>\n<td width=\"71\">10.1<\/td>\n<td width=\"71\">246.5%<\/td>\n<td width=\"64\">106.9<\/td>\n<td width=\"70\">39.8<\/td>\n<td width=\"63\">168.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">EBITDA%<\/td>\n<td width=\"71\">13.8%<\/td>\n<td width=\"71\">7.0%<\/td>\n<td width=\"71\">680 Bps<\/td>\n<td width=\"64\">12.6%<\/td>\n<td width=\"70\">8.3%<\/td>\n<td width=\"63\">430 Bps<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">PBT<\/td>\n<td width=\"71\">37.3<\/td>\n<td width=\"71\">15.6<\/td>\n<td width=\"71\">139.1%<\/td>\n<td width=\"64\">114.0<\/td>\n<td width=\"70\">48.4<\/td>\n<td width=\"63\">135.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">PBT%<\/td>\n<td width=\"71\">14.7%<\/td>\n<td width=\"71\">10.8%<\/td>\n<td width=\"71\">390 Bps<\/td>\n<td width=\"64\">13.4%<\/td>\n<td width=\"70\">10.1%<\/td>\n<td width=\"63\">330 Bps<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">PAT<\/td>\n<td width=\"71\">35.2<\/td>\n<td width=\"71\">23.0<\/td>\n<td width=\"71\">53.0%<\/td>\n<td width=\"64\">111.2<\/td>\n<td width=\"70\">50.3<\/td>\n<td width=\"63\">121.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"151\">PAT%<\/td>\n<td width=\"71\">13.9%<\/td>\n<td width=\"71\">15.9%<\/td>\n<td width=\"71\"><\/td>\n<td width=\"64\">13.1%<\/td>\n<td width=\"70\">10.5%<\/td>\n<td width=\"63\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h5>For the quarter comparative from January to March FY22 viz FY21:<strong>\u00a0<\/strong><\/h5>\n<ul>\n<li>Operational Revenue stood at \u20b98 crores in Q4 FY22, up by 75.5% from \u20b9144.6 crores in Q4FY21<\/li>\n<li>EBITDA stood at \u20b90 crores in Q4 FY 22, up from \u20b910.1 crores in Q4FY21<\/li>\n<li>PBT is \u20b93 crores in Q4FY22 compared to \u20b915.6 crores in Q4FY21.<\/li>\n<li>Profit After Tax (PAT) for the quarter ended March 31,2022 is \u20b92 crores compared to\u20b923.0 crores in the same period of last financial year.<\/li>\n<\/ul>\n<h5>For the full year comparative from April to March FY22 viz FY21:<strong>\u00a0<\/strong><\/h5>\n<ul>\n<li>Operational Revenue stood at \u20b99 crores in FY22, up by 77.7% from \u20b9478.4 crores in FY21<\/li>\n<li>Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) of \u20b99 crores in FY22 compared to \u20b939.8 crores in FY21 for the corresponding period<\/li>\n<li>Profit Before Tax (PBT) is of \u20b90 crore in FY22 compared to \u20b948.4 crore in FY21<\/li>\n<li>Profit After Tax (PAT) of \u20b92 crore in FY22 compared to \u20b950.3 crore in FY21<\/li>\n<li>EPS for FY22 stood at \u20b986, as compared to \u20b94.90 for FY21<\/li>\n<\/ul>\n<p><strong>Net cash, bank and equivalents balance stood at <\/strong><strong>\u20b9<\/strong><strong>404.2 crores as on 31<sup>st<\/sup>\u00a0March 2022.<\/strong><\/p>\n<p><strong>Updates during FY2021-22:<\/strong><strong>\u00a0<\/strong><\/p>\n<ul>\n<li><strong>Expansion &amp; New Centers in Visa &amp; Consular Business:<\/strong>\n<ul>\n<li>Signed renewal contract with Royal Thai Embassy for visa services<\/li>\n<li>Signed contract with the Republic of Philippines, Department of Foreign Affairs to provide epassport renewal services in Italy, Qatar and Malaysia<\/li>\n<li>Won the contract for attestation and legalization services from UAE Embassy in Manila, Philippines<\/li>\n<li>Won contract for Italy Visa Processing Services in Russia<\/li>\n<li>Signed contract with the Embassy of India in Kuwait for Consular, Passport &amp; Visa Services<\/li>\n<li>Launched Immigration Consultancy for Canada<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5>\u00d8\u00a0 National Business Correspondent (Starfin) Business:<\/h5>\n<ul>\n<li>Won contract with Bank of Baroda for Corporate Business Correspondent<\/li>\n<li>Selected as National Business Correspondent for India\u2019s largest bank, State Bank of India<\/li>\n<li>Empanelled by Punjab National Bank &amp; Central Bank of India for National Business Correspondent business<\/li>\n<\/ul>\n<h5>\u00d8\u00a0 Other Businesses:<\/h5>\n<ul>\n<li>Partnered with Knowledge Catalyst to issue Digital Health Certificates for passengers travelling to and from Singapore.<\/li>\n<li>Awarded the contract for e-Mitra Kiosks in Rajasthan for 5 districts including Jaipur, Alwar, Ajmer, Jodhpur and Nagaur<\/li>\n<li>Partnered with Flipkart etc. to provide last mile services across the country<\/li>\n<li>Partnered with File Solutions Limited to manage the identity management services for Nigerians in London, UK<\/li>\n<li>Becomes the official service provider to support ICCR\u2019s protocol services to VVIP Foreign &amp; Indian Delegations in India and Overseas<\/li>\n<li>Partnered with UTIITSL (UTI Infrastructure Technology &amp; Services Ltd) to undertake verification, registration and e-card printing services across India<\/li>\n<li>Partnered with National Health Authority as service provider to process Ayushman Bharat Cards across India<\/li>\n<\/ul>\n<p>Commenting on the company\u2019s performance, <strong>Mr. Shikhar Aggarwal, Joint Managing Director, BLS International, said, <\/strong>\u201cWe are delighted with the performance of the year and latest quarter \u2013 revenue grew by 75.5% and 77.7% for Q4FY22 and FY22 respectively. Despite the Omicron wave in January, we have delivered a strong Q4 FY22 with robust growth in revenue and profitability.<\/p>\n<p>At a full year level, we have delivered exceptional performance by signing new contracts with various governments across our businesses. Our domestic projects in Punjab, Uttar Pradesh, Rajasthan &amp; Starfin continue to outperform while Visa services has shown tremendous resilience and consular services has surpassed pre-COVID levels of business performance. We expect sustained momentum with the opening up of borders and increased appetite for global travel.<\/p>\n<p>In line with our focus on rewarding shareholders, the Board has approved a bonus issue of 1:1 i.e. 1 bonus equity share for each 1 fully paid equity shares held, subject to approval of shareholders. The Board has also considered and recommended a final dividend, if approved by the shareholders, aggregating INR 5.12 Crores i.e. INR 0.25 per share (Nominal Value of INR 1.00 per share).<\/p>\n<p>We continue focusing on spreading our reach far and wide with prudent emphasis on organic as well as inorganic growth which meets our internal rate of return threshold\u201d.<\/p>\n<h5>About BLS International:<strong>\u00a0<\/strong><\/h5>\n<p>BLS International Services Limited (\u201cBLS International\u201d), a trusted global tech-enabled services partner for governments and citizens, having an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005. The company is recognized as \u201cIndia\u2019s Most Valuable Companies\u201d by Business Today Magazine, \u201cBest under a Billion\u201d company by Forbes Asia and ranked amongst \u201cFortune India\u2019s Next 500 companies\u201d.<\/p>\n<p>The company works with over 46 client governments including Diplomatic Missions, Embassies &amp; Consulates and leverages technology and processes that ensure data security. The Company now has an extensive network of more than 15,500 centers globally with a robust strength of over 20,000 employees and associates that provide consular, biometric and citizen services. BLS has processed over ~62 million applications till date globally.<\/p>\n<p>BLS International is certified with CMMI DEV V2.0 and SVC V2.0 and adheres to ISO 9001:2015 certified for Quality Management Systems; ISO 27001:2013 for Information Security Management Systems; ISO 14001:2015 for Environmental Management Systems; ISO\/IEC 45001:2018 for Occupational Safety and Health; ISO\/IEC 20000-1:2011 for IT Service Management; ISO 26000:2010 for Social Responsibility; ISO 23026:2015 for System Engineering and Management Requirements; ISO\/IEC 28000:2017 for Supply Chain Management System; ISO\/IEC 27002:2013 for Management of Information Security; ISO 31000:2018 for Risk Management; ISO 27001:2013 for Risk Management of Information.<\/p>\n<p>BLS International is the only listed company in India in this domain with operations spread across 66 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi (India), May 10: BLS International, a trusted global tech-enabled services partner for governments and citizens, released today the consolidated financial results for the fourth quarter and full year ended March 31, 2022. Consolidated (Rs Cr) Q4FY22 Q4FY21 % Change FY22 FY21 % Change Operational Revenue 253.8 144.6 75.5% 849.9 478.4 77.7% EBITDA 35.0&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/dailynewsindia.co.in\/index.php\/2022\/05\/10\/bls-international-services-ltd-registers-operational-revenue-of-rs-253-8-crores-for-q4-fy-2021-22-growth-of-75-5-compared-to-q4-fy-2020-21-profit-after-tax-at-rs-35-2-crores-grew-by-53-0-compared-t\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;BLS International Services Ltd. Registers Operational Revenue of Rs 253.8 Crores for Q4 FY 2021-22, growth of 75.5% compared to Q4 FY 2020-21; Profit After Tax at Rs 35.2 Crores grew by 53.0% compared to Q4 FY 2020-21&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":10994,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-10993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/10993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=10993"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/10993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/10994"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=10993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=10993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=10993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}