The shares of BLS International Services Ltd gained more than 3 percent by the last trading hour of Tuesday to be at Rs 186.85 levels. The company remained in focus after its board meeting.
In Q3FY23, BLS International Services Limited revenue from operations stood at Rs 437.9 which increased 93 percent from Rs 227.06 Crore Year on Year. On a sequential basis, their revenue grew 23 percent up from Rs 356.84 Crore.
Their profit after tax grew by more than 62 percent to Rs 45.85 Crore up from Rs 28.29 Crore in the same period the year earlier. However, their profits declined 10 percent from Rs 50.99 Crore in the September quarter.
Along with its quarterly results, the company also declared an interim dividend. It will pay a dividend of 50% of its face value of Re 1 amounting to Rs 0.50 per share. The record date for the purpose has been set as February 17th, 2023.
BLS International Services Limited (BLS), a subsidiary of the BLS Group with a global presence and diverse range of services. It is one of the top three global players in visa application outsourcing, with a presence in visa, passport, consular, and citizen services in 62 countries.
The shares of the company have risen from Rs 62 a piece in February 2022 up to the current levels, logging a multibagger return of 200 percent in a year.
The company has a market capitalization of Rs 7,665 Crore and a dividend yield of 0.67%. The promoters of the company hold a 74.4 percent stake and haven’t pledged any shares. The Foreign Institutional Investors (FIIs) have increased their stake and now hold 8.2 percent.
Written by Anoushka Roy
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