Heavy buying witnessed: This multibagger stock zoomed more than 180 per cent in just 1 year!
The stock has witnessed heavy buying as it has given multibagger returns of more than 185 per cent in just 1year and more than 55 per cent in just 6 months
On Tuesday, shares of BLS International Services surged more than 7 per cent to make an intraday high of Rs 193.75. The scrip made a spurt in volume by more than 2.5 times.
For the December quarter ended 2022, the operational revenue zoomed more than 92 per cent from last year’s same quarter to Rs 437.90 crore. The EBITDA level stood at Rs 66.30 crore, up by a massive 160 per cent from Q3FY22. The net profitability of the firm shot up by more than 62 per cent from the corresponding quarter last year to Rs 45.85 crore. The company reported highest ever operational revenue and highest ever quarterly EBITDA in Q3FY23.
The company’s main driver of revenue was - steady recovery in visa and consular business along with increase in revenue from ZMPL. The company achieved the highest ever operating cash flow of approximately Rs 74.35 crore in this quarter.
BLS International Services is a trusted global tech-enabled services partner for governments and citizens and has an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005.
The company works with over 46 client governments including diplomatic missions, embassies & consulates and leverages technology and processes that ensure data security. The company now has an extensive network of more than 27,000 centres globally with a robust strength of over 20,000 employees and associates that provides consular, biometrics and citizen services. BLS has processed over 62 million applications to date globally.
The stock has witnessed heavy buying as it has given multibagger returns of more than 185 per cent in just 1 year and more than 55 per cent in just 6 months. Keep a close eye on this trending multibagger stock.