The small-cap company gained up to 9 percent after the company’s net profit and revenue increased by around 70 percent and 29 percent, respectively in Q1FY25.
With a market capitalization of Rs 15,473.22 crore. The shares of BLS International Services Ltd were trading at Rs 375.80 per share, increasing around 8 percent as compared to the previous closing price of Rs 349.00 apiece.
Reason for rise:-
The share of the company has seen positive movement after BLS International Services Ltd’s revenue zoomed by 10 percent on a quarter-on-quarter basis from Rs. 448 crores in Q4FY24 to Rs.493 crores in Q1FY25. Further, revenue magnified by 29 percent yearly from Rs 383 crores in Q1FY24 to Rs. 493 crores in Q1FY25.
BLS International Services Ltd’s net profit increased by 42 percent on a quarter-on-quarter basis from Rs. 85 crores in Q4FY24 to Rs 121 in Q1FY25. Further, on a year-on-year basis also net profit magnified drastically by 70 percent from Rs. 71 crores in Q1FY24 to Rs. 121 crores in Q1FY25.
Also read
Network & client base:-
The company has signed a Service Provider Agreement with Axis Bank and generated leads worth Rs. 1,000 Crore for Private Banks viz, HDFC & Kotak, as compared to Rs. 602 Crore generated for the fiscal year 2024. As of June 30, 2024, the business had over 27,000 CSPs and more than 1,10,000 touchpoints across the country.
The company is the second-largest International Visa & Consular services provider and works with over 46 client governments, including Diplomatic Missions, Embassies, and consulates, and leverages technology and processes that ensure data security.
Company profile:-
BLS International Services Limited is an India-based firm that provides technology-enabled visa, consular, and citizen services to governments in Asia, Africa, Europe, South America, North America, and the Middle East.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
