Net profit of this company surged 120.95 per cent

The company’s board has approved a bonus issue of 1:1 i.e. one bonus equity share for each fully-paid equity share held.

Considering the financial performance of the company, BLS International Services Ltd recorded net sales and other operating income of Rs 253.84 crore on a consolidated basis thereby, posting a growth of 75.59 per cent from Rs 144.56 crore registered in Q4FY21. On the other hand, the operating profit was recorded at Rs 40.10 crore in Q4FY22 as compared to an operating profit of Rs 18.27 crore in Q4FY21. Q4FY22 recorded a net profit of Rs 35.20 crore in comparison with the net profit of Rs 22.98 crore in the same quarter of the previous year, up by 53.20 per cent.       

Considering the yearly performance, the net profit of BLS International Services surged 120.95 per cent to Rs 111.21 crore as against Rs 50.33 crore during the previous year, ending March 2021. On the other hand, net sales rose by 77.66 per cent to Rs 849.89 crore as against Rs 478.37 crore during the previous year ending March 2021. The company’s board has approved a bonus issue of 1:1 i.e. one bonus equity share for each fully-paid equity share held.  

A trusted global tech-enabled services partner for governments and citizens, BLS International is amongst the top three players globally in this domain. It is a preferred partner for embassies and governments across the world. With 17 years of global experience of operating in 66 countries, the company processed nearly 62 million applications to date. It has the best reputation for setting benchmarks in the domain of visa, passport, e-governance, attestation, biometric, e-visa, and retail services. In the financial year 2021-22, the company signed a renewal contract with Royal Thai Embassy for visa services, with the Republic of Philippines to provide e-passport services in Italy, Qatar & Malaysia, and launched Immigration Consultancy for Canada, etc. 

Considering its commendable growth and bright future outlook, keep a close eye on this scrip for the upcoming sessions.