Investor Presentaiton
Quarterly Performance Review
Commenting on the Performance, Nikhil Gupta, Managing
Director of BLS International said
"BLS International has signed a new contract this quarter with
Embassy of the Islamic Republic of Afghanistan for providing consular
services through registration of Afghan citizens in Saudi Arabia. For the said
contract, the company shall be processing about 200,000 applications
through physical application centres and mobile centres for the convenience
of Afghan nationals in the region. Further, the Spain global contract that
BLS International bagged in December 2016 has yielded strong results for
another quarter in a row. With 22 new centres launched globally in
the last two quarters, the total count of BLS operated Spain VACS
reached 118 which contributed to this quarter. Since the roll out of the
project, the centres have regularly been fortified with wide range of
Value Added Services (VAS) for the applicant's convenience.
With reference to Punjab Sewa Kendra Project, we have increased the
number of Citizen Services being offered from 93 to 169 services.
This will help us in improving the cash flows of the business in the coming
quarters. During this quarter, BLS was also conferred with two
prestigious awards as the 'Best Visa Service Provider' and 'Best
Workplace Practices' award. We now embark on the second half of
FY2018, with optimism and to capitalize upon the huge growth prospects
that lie ahead of us."
Q2 FY2018 vs. Q2 FY2017
(Rs. million)
Total Revenue
Rs. 1,874 mn
Growth: 21.5%
EBITDA
Rs. 442 mn
Growth: 238.9%
Gross Profit
Rs. 722 mn
Growth: 141.7%
Net Profit
Rs. 268 mn
Growth: 197.2%
Total Debt/Equity (x): 0.44x
Cash/Share (Rs.): 9.92View entire presentation