BLS International Services' impressive Q2 performance
DSIJ Intelligence / 15 Nov 2016
BLS International Services Limited (BLS), a specialist provider for outsourcing of Visa, Passport and Attestation Services to the client governments across the world, today declared its financial results for the second quarter and half year ended September 30, 2016.
BLS International Services Limited (BLS), a specialist provider for outsourcing of Visa, Passport and Attestation Services to the client governments across the world, today declared its financial results for the second quarter and half year ended September 30, 2016.
The company has reported net profit of Rs. 9.02 crore for Q2FY17, up by 15.94%, as compared to Rs. 7.78 crore in the corresponding quarter of last fiscal.
Total Income for the quarter ended September 30, 2016 stands at Rs. 153.57 crore, up by 11.97%, as compared to Rs. 137.15 crore in the same period last year. BLS’ Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY17 stand at Rs. 12.54 crore, up 34.84%. The company’s EBITDA margin has improved by 139 basis points, from 6.78% in Q2FY16 to 8.17% in Q2FY17.
Earnings per share (EPS) for the quarter ended Q2FY17 stand at Rs. 8.80, as compared with Rs. 7.59 for the quarter ended Q2FY16.
For the half year period ended September 30, 2016 BLS’ net profit has jumped by 13.55% to Rs. 16.26 crore, as compared to Rs. 14.32 crore of the year ago period.
Total Income for H1FY17 stands at Rs. 277.77 crore, up by 8.91%, as compared to Rs. 255.05 crore during H1FY16. BLS’ EBITDA in H1FY17 stands at Rs. 20.18 crore, up by 12.80%, as compared to Rs. 17.89 crore in H1FY16.
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