Revenue from operations jumped 21.40% YoY to Rs 495.01 crore during the quarter. The growth was mainly driven by the Visa & Consular business which witnessed a robust revenue growth of 29.6%YoY. Profit before tax (PBT) for Q2 FY25 stood at Rs 163.96 crore, registering an 88.07% increase compared to Rs 87.18 crore in Q2 FY24. EBITDA jumped 89.1% to Rs 164 crore in Q2 FY25 as against Rs 86.7 crore recorded in the second quarter of FY24. EBITDA margin expanded by 1,186 bps to 33.1% during the quarter as compared with 21.3% in Q2 FY24. Revenue of the Visa & Consular business grew by 29.6% YoY to Rs 417.6 crore in Q2 FY25 (including around Rs 60 crore revenue from iDATA). During the quarter, number of visa applications increased by 41.1% during the quarter to 10.1 lakhs. This includes 1.64 lakhs of visa applications processed by iDATA. Revenue from digital business fell 6.05 YoY to Rs 84.62 crore during the quarter. EBITDA of the digital business was at Rs 12 crore during the quarter as compared to Rs 13.3 crore in Q2 FY24 while margin remained flat at 15.5% during Q2 FY25. The said business contributes approximately 16% of the total revenue. Shikhar Aggarwal, joint managing director, BLS International Services, said: 'We continue to witness strong growth momentum and achieved significant milestones with respect to financial and operational performance this quarter. We recorded highest ever revenue at Rs 495 crore, Operating Profit at Rs 164 crore and Profit after Tax at Rs 145.7 crore, for the quarter. The growth was driven by increased volume of visa applications, opening-up of new visa application centers in Columbia & Peru, and the acquisition of iDATA. The ongoing transition to a self-managed model from partner-run model and the acquisition of iDATA enhanced the operating margins by 1,186 bps to record all-time high of 33.1% in the quarter. We have also expanded our operations by acquiring 100% stake in Citizenship Invest which was completed in Oct'24 and the definitive agreement to acquire controlling stake of 57% in Aadifidelis Solutions, one of the largest loan distribution & processing companies in India, is expected to complete soon. With an objective to acquire a larger pie of the visa-outsourcing industry, along with expanding into untapped markets, the company is focused on offering its services across the globe. Operating on an asset-efficient and tech-driven model that prioritizes capital conservation, the company ensures strong cash flows. The strategic acquisitions will continue to drive sustainable growth for the company with a focus on maximizing stakeholder's value.' BLS International Services is global tech-enabled services partner for governments and citizens. It operates 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 scrip slipped 3.61% to Rs 405.80 on the BSE. Powered by Capital Market - Live

Net profit of BLS International Services rose 75.53% to Rs 138.23 crore in the quarter ended September 2024 as against Rs 78.75 crore during the previous quarter ended September 2023. Sales rose 21.40% to Rs 495.01 crore in the quarter ended September 2024 as against Rs 407.74 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales495.01407.74 21 OPM %33.1321.27 - PBDT181.6094.44 92 PBT163.9687.18 88 NP138.2378.75 76 Powered by Capital Market - Live

BLS International Services will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

BLS International today announced that it has successfully completed the acquisition of 51% stake in SLW Media. SLW Media is a prominent sports management company with over two decades of experience in the golf industry. The acquisition will position BLS International as a global lifestyle and service brand, seamlessly blending premium leisure experiences with its core expertise in government and travel services. From a branding perspective, the synergy between golf events and BLS International's visa and consular services creates a unique value proposition. This strategic combination highlights BLS International's ability to cater to elite, high-net-worth individuals and corporate clients, enhancing its reputation as a provider of luxury, convenience, and exclusivity. Shikhar Aggarwal, Joint Managing Director of BLS International, said, We are quite excited on closing another acquisition within a span of few weeks of completing an acquisition in Dubai. By associating with prestigious golf events across the globe, BLS will not only strengthen its brand identity in the luxury segment but will also extends its reach into the upscale sports and leisure market, aligning its image with sophistication, global access, and high-level service. This synergy would effectively elevates brand perception, associating BLS International with not just efficient government services, but also a premium lifestyle experience.Powered by Capital Market - Live

BLS International Services today announced the successful completion of its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries. BLS, through its wholly owned subsidiary BLS International FZE, UAE, acquired CI for a total purchase consideration of USD 31 million (Rs 260 crore), fully funded through internal accruals. All necessary government and regulatory approvals were obtained ahead of schedule. For the calendar year 2023, Citizenship Invest reported audited revenues of USD 9.6 million (Rs 81 crore) and an EBITDA of USD 4.4 million (Rs 37 crore), with a robust EBITDA margin of 45%. The company experienced notable growth in 2023, with a 28% increase in revenue and a 43% rise in EBITDA. Powered by Capital Market - Live

The transaction would be funded through internal accruals. The transaction is expected to be completed by 31 October 2024, subject to necessary approvals. Citizenship Invest is a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. Citizenship Invest has emerged as a key player in the citizenship and residency application market, offering services through 20 programs. To date, CI has successfully assisted over 1,800 clients from more than 85 nationalities, maintaining an impressive 99% application success rate - significantly higher than the industry average of 80%. For the calendar year 2023, Citizenship Invest reported audited revenues of $9.6 million (approximately Rs 81 crore) and an EBITDA of $4.4 million (nearly Rs 37 crore), reflecting a robust EBITDA margin of 45%. In CY23, the business witnessed a revenue growth of 28%, EBITDA growth of 43% and its margin expanded by 470. This acquisition marks a strategic expansion of BLS portfolio in Visa & Consular services, particularly in long-term visa solutions such as citizenship and residency services. Over its 15 years of operation, CI has built a strong brand and goodwill among high-net-worth individual (HNWI) clients, establishing itself as a reliable entity for citizenship and residency visa applications. Leveraging BLS' extensive global network across 66 countries, the acquisition is expected to significantly boost overall processing volumes. Shikhar Aggarwal, Joint Managing Director of BLS International Services, said: 'We are thrilled to announce the acquisition of Citizenship Invest, a company known for its expertise in long-term visa applications through citizenship and residency programs. This acquisition underscores our commitment to broadening our service offerings within the Visa & Consular space, and aligns with our strategic vision of enhancing synergies and boosting EBITDA. The company's outstanding 99% application success rate, combined with its high revenue per application, aligns perfectly with our customer-centric philosophy. By integrating CI into our portfolio, we are enhancing our capabilities in offering long-term visa solutions and further solidifying our position as a comprehensive global provider of visa and consular services. We are confident this acquisition will drive growth, increase application volumes, and strengthen our presence in the international market. BLS International Services is global tech-enabled services partner for governments and citizens. It operates 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's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter, the growth was mainly driven by the Visa & Consular business which witnessed a robust growth of 35.9% YoY in revenue. The scrip fell 3.86% to currently trade at Rs 439.75 on the BSE. Powered by Capital Market - Live

BLS International Services today announced the signing of a definitive agreement to acquire a 100% stake in Citizenship Invest (CI), a Dubai-based advisory firm specializing in fast-track investor programs for obtaining residence and citizenship across more than 15 countries. The acquisition value of 100% stake is US$ 31.0 mn (~Rs 260 crore) and the transaction would be funded through internal accruals. The transaction is expected to be completed by 31 October 2024, subject to necessary approvals. This acquisition marks a strategic expansion of BLS portfolio in Visa & Consular services, particularly in long-term visa solutions such as citizenship and residency services. Over its 15 years of operation, CI has built a strong brand and goodwill among high-net-worth individual (HNWI) clients, establishing itself as a reliable entity for citizenship and residency visa applications. Leveraging BLS' extensive global network across 66 countries, the acquisition is expected to significantly boost overall processing volumes. Founded in 2009, Citizenship Invest has emerged as a key player in the citizenship and residency application market, offering services through 20 programs. To date, CI has successfully assisted over 1,800 clients from more than 85 nationalities, maintaining an impressive 99% application success rate - significantly higher than the industry average of 80%. For the calendar year 2023, Citizenship Invest reported audited revenues of U$ 9.6 mn (~Rs 81 Crores) and an EBITDA of US$ 4.4 mn (~Rs 37 Crores), reflecting a robust EBITDA margin of 45%. In CY23, the business witnessed a revenue growth of 28%, EBITDA growth of 43% and its margin expanded by 470 bps compared to CY22. Powered by Capital Market - Live

The Board of BLS International Services at its meeting held on 30 August 2024 has approved to enter into the share purchase agreement to acquire 5,100 equity share i.e. 51% share capital of SLW Media (SLW), a company incorporated under the law of Companies Act 1956. Consequent to the said acquisition of 5,100 share capital of SLW, it will become a subsidiary of the company (SLW-S). This strategic move will enhance the brand equity of the company at a global scale into the rapidly growing sports and leisure sector.Powered by Capital Market - Live

BLS International Services announced that the 40th Annual General Meeting (AGM) of the company will be held on 12 September 2024.Powered by Capital Market - Live