BLS International Services to provide technology-enabled government services in Uttar Pradesh

BLS International Services Ltd informed that it recently got mandated by Uttar Pradesh Government to operate Jan Sewa Kendras (customer service centres) project. The company shall provide G2C & B2C Services to citizens via its digital platforms. 

Reacting to this, the company’s stock today increased by 4.17 per cent and made an intraday high of Rs 110 per share at around 10.20 am. 

Meanwhile, the company reported a net profit of Rs 14.27 crore in Q3FY21, a decrease of 32.85 per cent. It had reported a profit of Rs 21.25 crore in Q3FY20. The company reported net sales of Rs 150.44 crore for Q3FY21, a decrease of 26.38 per cent as against the net sales of Rs 204.35 crore for Q3FY20. 

BLS International Services Ltd is a technology-enabled speciality service provider to the governments and diplomatic missions globally to deliver efficient support using technology-enabled secure processes. 

According to BSE data, the stock traded at a P/E multiple of 51.75 and a price-to-book ratio of 19.56. The stock has a 52-week high and a 52-week low of Rs 133.15 and Rs 27.25, respectively. 

At 2.30 pm on Tuesday, the company’s stock was trading at Rs 105.80, up by 0.19 per cent on BSE.