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.  

2 comments on article "Net profit of this company surged 120.95 per cent"

Uday Chava

Guys, this company offers visa coordination services. The past two years, there was very little international travel. How did they make such bumper business?

Can you please assess the company’s performance objectively before writing such misleading stories.

5/15/2022 9:23 PM

Mandar Wagh

Thank you. I really appreciate you taking the time to read and express your views.

Yes, there was very low international travel in the last two years and this sector was one of the major affected sectors by Covid 19 pandemic, still, BLS International Services Ltd managed to recover all its losses as restrictions were lifted by the government.

Company's business is not dependent on some events in a country, whereas it is a preferred partner for multiple embassies and governments across the world and it has signed multiple contracts with them, hence it was successfully able to run its operations efficiently after struggling in the covid period.

After analyzing its quarterly performance, I would like to share with you that the company's net sales and other operating income fell to Rs 151.24 crore from Rs 204.35 crore in quarter ended on 31st March 2020. It again witnessed decline in the next quarter. But since then, company's net sales and profit margins were continuously growing by each passing quarter.

Therefore, we can say that it is not the overnight success and bumper business that the company has made, but a continuous growth by combating the disruptions.

5/18/2022 1:09 PM

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