- Annualized ROE stands at 37.3%. Company constantly strives to improve this by better utilization of assets and cost optimization, resulting in improvement of margins.
- The Group continues to remain debt free and have Cash of Rs 642 crores. BLS International plans to utilize its cash for acquisitions, opening offices in new geographies, and expanding existing businesses.
- Company announced IPO for subsidiary BLS E Services to raise funds to support growth strategies for Digital Services (e-Governance and Banking Correspondence) business.
- Cost optimizations and Value Added Services helped offset rise in employee costs, leading to better EBITDA margins.
- Looking for inorganic expansion opportunities in both verticals that is visa and digital services.
- The Ministry of Foreign Affairs, Spain has awarded BLS International the global contract for visa application outsourcing for the second time in a row. The contract covers Europe, the Americas, Latin America, the CIS, Africa, the Middle East, and APAC, amongst other regions. Company also won new contracts with the Italian government, Poland government and other governments.
- The growth is returning to pre covid levels. Company’s prices for both service charges and other services have increased, so company expects to maintain their current growth momentum going forward.
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