BLS International Ltd., the world's largest Indian specialist service provider for outsourcing of visa and consular services, declared its financial results today for the first quarter ended June 30, 2018.
The company reported Net Profit of Rs. 34.03 crore for Q1 FY19, up by 17.09%, as compared to Rs. 29.06 crore in the corresponding quarter of last fiscal. The company's Q1 FY19PAT margin stood at a strong 16.83%, as compared to 14.85% in Q1 FY18.
Total Income for the quarter ended June 2018 stood at Rs. 202.22 crore as compared to Rs. 195.76 crore in the same period last year. The company's earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY19 stood at Rs. 50.46 crore and improved by 14.77% from Rs. 43.96 crore in Q1 FY18.
Earnings per share (EPS) for the quarter ended Q1 FY19 stood at Rs. 3.32, as compared with Rs. 2.84 (adjusted for 10:1 split) for the quarter ended Q1 FY18.
Commenting on the financial performance of the company Mr. Shikhar Aggarwal, Joint Managing Director, BLS International Services Limited said, "First quarter of FY19 has been remarkable for us with 2 major contracts - firstly a strategic partnership with SopraSteria for contract with UK Government and secondly with the Ministry of Foreign Affairs Italy, showcasing our expansion in the European market.
Being the face of government across the globe and providing best-in-class services coupled with remarkable results,is a reflection of the pace at which the company is growing. Our partnership with finest global organizations has helped in strengthening customer experience, increased data security, manpower and organisation structuring, operational effectiveness and process Improvements. We have seen that this focus has led to better profit realisation and we hope to sustain the momentum".
Shares of BLS International Services Ltd was last trading in BSE at Rs.183.15 as compared to the previous close of Rs. 182. The total number of shares traded during the day was 32043 in over 690 trades.
The stock hit an intraday high of Rs. 189.5 and intraday low of 177.05. The net turnover during the day was Rs. 5935948.