- Generated Revenue of Rs. 711 Crores in Q1 FY26, up 44% YoY
- EBITDA surged 53% to Rs. 204 Crores in Q1FY26
- Net Profit at Rs. 181 Crores, a growth of 50% YoY
New Delhi : BLS International Services Limited, an Indian multi-national corporation and a trusted global tech-enabled services partner for governments and citizens, announced its consolidated financial results for the quarter ended 30th June 2025.
Fiscal Year 2026 marks a major milestone for BLS International Services Limited, as the company celebrates 20 years of delivering trusted government-to-citizen services worldwide. Operationalised in 2005, the Delhi-headquartered company has grown into India’s leading global service delivery partner, working with 46+ client governments and operating in over 70 countries.
Over the past two decades, BLS has built secure, scalable, tech-driven service models that support visa, consular, and citizen services—enabling international mobility while reinforcing India’s soft power across the globe.
A Two-Decade Legacy of Impact and Innovation
BLS International’s growth story has been built on long-term strategy, disciplined execution, and a relentless commitment to excellence. Key highlights from the journey include:
- BLS International’s Revenue multiplied 4.6x in the last 5 years from Rs. 478 Crores in FY21 to Rs. 2,193 Crores in FY25 while its Operating Profit multiplied 15.3x in the same period from Rs. 41 Crores in FY21 to Rs. 629 Crores in FY25. The significant improvement in operating margins from 8.5% in FY21 to 28.7% in FY25 underscores the company’s prudent financial management and successful execution of growth strategies.
- Strategic expansion through marquee contracts with client governments such as India, Spain, Germany, Italy, Slovakia, US, Brazil, Portugal, Hungary, among others.
- Strengthening and diversification of service portfolio, moving beyond traditional visa and consular services to include value-added services, citizenship & residency services, and citizen services through its subsidiary, BLS E-Services Ltd.
- Active focus on emerging technologies—including AI-powered chatbots, facial biometrics, digital call centre transformation, and intelligent automation for visa processing—strengthening service efficiency and customer experience.
- Successful acquisitions that enhanced capabilities and market access across Europe, the Middle East, and Asia-Pacific – through iDATA, Citizenship Invest, Aadifidelis Solutions, Zero Mass and Starfin India.
Continuing the Momentum in FY26
The global visa outsourcing industry is witnessing a growth rate of 14% CAGR with increasing demand for secure and citizen-centric services. FY25 marked a high point, with BLS International reporting its highest-ever annual performance across all key financial metrics. This momentum has continued into Q1FY26, underpinned by strong demand, operational excellence powered by AI & technology, value-accretive acquisitions and a strong pipeline of new opportunities.
Speaking on the strong growth in Q1FY26, Mr. Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd. said: “As we step into Fiscal Year 2026, completing two decades of purposeful growth, I am immensely proud of the impact we have created across borders. From a single-country presence to becoming a trusted partner for over 46 client governments, we have stayed rooted in our mission to simplify, scale, and secure citizen services worldwide. The next five years are about building on this legacy, with a sharp focus on AI & technological transformation, and deepening our role in the global visa and citizen services market. We aim to be the first Indian-origin company to lead at scale in this space—redefining what global service delivery means.
Our robust performance in Q1FY26 reflects the strength of our diversified business model, supported by continued momentum across key markets and services. With Revenue increasing by 44% YoY and EBITDA by 53% YoY, we have yet again delivered highest ever quarterly financials while maintaining a sharp focus on operational efficiencies and margin expansion, as EBITDA Margin expanded by 171 bps YoY to 28.7% in Q1FY26. This performance underscores the strength of our asset-light model, disciplined execution, and expanding global footprint. Our endeavour is to continue to focus on our strategic priorities— focusing on technology-led global expansion to deliver sustainable value for all stakeholders.”
Consolidated Financial highlights:
| Particulars (Rs. Crores) | Q1FY26 | Q1FY25 | YoY | FY25 | FY24 | YoY |
| Revenue from Operations | 710.6 | 492.7 | 44.2% | 2,193.3 | 1,676.8 | 30.8% |
| EBITDA | 204.2 | 133.2 | 53.4% | 629.3 | 345.7 | 82.1% |
| EBITDA Margin (%) | 28.7% | 27.0% | 171 bps | 28.7% | 20.6% | 808 bps |
| PBT (Before Exceptional Items) | 200.2 | 134.7 | 48.6% | 605.5 | 352.1 | 72.0% |
| PBT Margin (%) | 28.2% | 27.3% | 83 bps | 27.6% | 21.0% | 661 bps |
| PAT | 181.0 | 120.8 | 49.8% | 539.6 | 325.6 | 65.7% |
| PAT Margin (%) | 25.5% | 24.5% | 95 bps | 24.6% | 19.4% | 519 bps |
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