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BLS International Services Ltd. Posts Growth in Business Correspondent Operations | ||
New Delhi, Delhi, India BSE and NSE listed BLS International Services Ltd., a specialist service provider of Visa, Passport, Attestation, and Citizen Services to the Governments and diplomatic missions globally today announced consolidated financial results for the First quarter ended on 30th June 2020.
Earnings before Interest, Tax, Depreciation, and Amortization (EBIDTA) of Rs. 6.30 crore in Q1 FY21 compared to Rs. 25.83 crores in Q1 FY20 for the corresponding period. The company realigned its expenses by rationalizing its operating Costs in line with the scale of operations resulting in maintaining the positive EBITDA margins at 11%. Profit Before Tax (PBT) stood at Rs. 3.91 crores in Q1 FY21 compared to Rs. 25.83 crores in Q1 FY20.
Commenting on the future plans, Mr. Shikhar Aggarwal, Joint Managing Director, said, “With the phase-wise lifting of lockdown, the company has started reopening of its offices in a phase-wise manner with limited staff strength following the required social distancing norms and various advisories by the Government and Health authorities.”
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