Source Name: BLS International
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BLS International Registers Operational Revenue Growth of 12% in Q2 FY20 as Compared to Q2 FY19
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New Delhi, Delhi, India BLS International, a specialist services provider of Visa, Passport, Attestation and Citizen Services to the Governments and diplomatic missions globally, released the consolidated financial results for the second quarter and half year ended September 30, 2019.
*EBITDA for Q2 and H1 FY19 was impacted by operating loss incurred in UKVI project amounting Rs. 9.9 crore; the project has now been closed
For the half yearly comparative from April to September FY20 vs. FY19:
For the quarter comparative from July to September FY20 viz FY19:
Total debt as on September 30, 2019 stood at Rs. 6 crores, with cash and bank balance of Rs. 209.7 crores
Updates during the quarter:
Shikhar Aggarwal, Joint Managing Director of BLS International commented, “We are excited by our team’s execution and are pleased to report back on the great strides we have made across our businesses in recent months. In Q2 2019-20, we continued to deliver strong performance, with revenues of Rs. 205 crores. We have opened new VACs for Spain, Brazil and Lebanon with enhanced services to provide convenience and ease to our customers. We continue to work on our targets by introducing enhanced services and technology for the seamless operations towards visa and other services. We are on the right track supported by industry think tanks as part of our leadership team to continue with our focus on growing footprints and expanding offerings.”
About BLS International BLS International is a leader in Consular and Visa process outsourcing and is a preferred partner for Embassies and Governments across the world to deliver efficient support using technology enabled secure processes. BLS International is recognized as an ethical company and was recently rated by Forbes Asia as ‘Best under a Billion’ company from amongst 24,000 companies and ranked amongst Fortune India’s Next 500 companies.
The company works with Diplomatic Missions, Embassies & Consulates and leverages technology and processes that ensure data security. The Company now has an extensive network of centers in India and globally for providing consular services, biometrics and numerous citizen services. BLS International emphasizes passion, flexibility and innovation to add value to clients.
The Company is ISO 9001:2015 certified for Quality Management Systems, ISO 27001:2013 certified for Information Security Management Systems, ISO 14001 verified for Environmental Management Systems and ILO-OSH 2001 certified for Occupational Safety and Health.
Amongst others, the expertise includes -
BLS International is the only listed company in this domain with operations in 62 countries. BSE: 540073; NSE: BLS Website: www.blsinternational.com. |
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