BLS International share price surges over 7% as firm receives relief from Delhi High Court

The company said it had challenged the debarment by filing a writ petition before the Delhi High Court, which has now set aside the MEA’s debarment order.

The stock jumped as much as 7.44% to hit a high of ₹340 on the NSE.

The filing read, "The Company had challenged the aforesaid debarment order by filing a writ petition before the Hon’ble High Court of Delhi. The Company has received an order from the Hon’ble High Court of Delhi setting aside the debarment order passed by the MEA. Consequently, the debarment imposed on the Company pursuant to the said order stands quashed."

About BLS International

BLS International Services Ltd is a technology solutions provider in the field of visas, passports, consular and citizen services. The company also delivers comprehensive solutions in areas including e-governance, attestation, biometrics, e-visa and retail services.

BLS International has collaborations with over 46 government clients, including diplomatic missions, embassies and consulates. The company also provides citizen services to state and provincial governments across Asia, Africa, Europe, South America, North America and the Middle East.

The company offers its services through more than 50,000 centres across 64 countries worldwide. The company engages nearly 60,000 employees and associates globally. It also operates 9 global training centres and four global contact centres.

BLS International was established in 2005. In the same year, it received its first visa application processing order from the Portuguese Embassy in New Delhi. Over the span of 18 years, the company has become one of the top three global players with respect to visa/passport/consular/citizen services.

BLS International shares listing details

The shares of the company were listed in 2016 on both the BSE and the National Stock Exchange of India (NSE). As of December 29, 2023, the company had a market capitalisation of more than ₹13,000 crore.

BLS International Q2 FY26 Results

BLS International Services reported a 27.4% growth in consolidated profit after tax (PAT) to ₹185.7 crore in the September quarter.

The company's PAT stood at ₹145.7 crore in the year-ago period, BLS International Services said in a statement.

Revenue from operations of the company went up 48.8% during the quarter under review at ₹736.6 crore compared to ₹495 crore in the same period of the previous year.

"The second quarter was a period of meaningful progress for BLS International, marked by strategic wins, expanding partnerships, and continued growth across our core businesses," BLS International Services Joint Managing Director Shikhar Aggarwal said.

During the quarter, he said, the company's revenue from operations grew, driven by sustained momentum across our visa and consular services and digital services verticals.