BLS International shares soar 9% as Q4 profit soars 32% YoY to ₹178 crore; dividend recommended

At around 2:21 PM, the stock was trading 2.98% higher at ₹269.80 per equity share.

While the scrip has gained more than 2% in the past week, it has fallen 7% over the month. On a year-to-date basis, it has declined 14%.

The stock hit a 52-week high of ₹422 per unit on May 28, 2025, and a year’s low of ₹218.90 on March 23, 2026.

BLS International Q4 results

BLS International reported a 31.56% year-on-year (YoY) surge in its consolidated net profit to ₹177.8 crore during the quarter under review, compared to ₹135.14 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

Its revenue from operations stood at ₹814.6 crore in Q4 FY26, marking a 17.6% YoY jump from ₹692.8 crore in the year-ago period, according to a regulatory filing dated May 19.

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation), also known as operating profit, advanced 17.1% YoY to ₹203.9 crore for the reporting quarter.

In the March FY25 quarter, it had logged an EBITDA of ₹174.1 crore. Its EBITDA margin largely remained flat at 25% in the quarter ended March 31, 2026, compared to 25.1% in the same period of the preceding year.

Segment performance

The EBITDA of its Visa business grew by 19% YoY to ₹179.5 crores for the quarter under review, and its EBITDA margin improved to 38.1% from 34.2% in Q4FY25, driven by the continued focus on cost efficiencies and continuing benefit from the transition from a partner-run model to a self-managed operating model.

It processed 10.8 lakh visa applications during the quarter, up by 9.8% YoY from 9.8 lakh in Q4 FY25. The net revenue per application stood at ₹3,444 for Q4FY26, in comparison with ₹3,149 for Q4FY25, a growth of 9.4% YoY.

Dividend

BLS International’s board of directors, at its meeting, recommended a payment of a final dividend of ₹0.50 per equity share of ₹1 each, subject to the approval of its shareholders at the ensuing Annual General Meeting (AGM).

What the management said

Commenting on the earnings, Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd, said: “BLS International delivered its highest-ever performance in FY26 across all key metrics, reflecting strong execution capabilities, scalable operating model, and deepening government partnerships. During the year, Revenue increased by 36.7% YoY, driven by steady momentum across service segments. Additionally, EBITDA grew by 30.1% YoY and Profit After Tax (PAT) rose by 34.1% YoY, reflecting a sustained emphasis on operational discipline & efficiency, and continued focus on productivity enhancements.”

He stated that the company has demonstrated exceptional performance over the last three years, reporting compound average growth rates (CAGRs) of 34%, 54%, and 49% in revenue, EBITDA, and PAT, respectively, between FY24-26.

“The Visa & Consular Services business continues to witness strong profitability. The transition to a self-managed business model has enabled a strong margin expansion of 560+ bps in the segment, with segment EBITDA margins reaching 40.1% in FY26. During the year, we secured several contracts, including the contract from the Ministry of External Affairs, India, for visa application centres in China, the global contract from the Slovak Republic, contracts from Cyprus in various countries, among others,” Aggarwal added.

Its Digital Services business has continued to demonstrate strong momentum, with revenue growing 114.4% YoY in FY26, primarily due to the consolidation of Aadifidelis Solutions, further strengthening the company’s service offerings, he said.

“Looking ahead, BLS International remains strategically focused on strengthening long‑term government partnerships, accelerating the scale‑up of technology-driven solutions, and pursuing disciplined, sustainable growth across global markets, while continuing to create long‑term value for all stakeholders,” Aggarwal noted.

BLS International has a total market capitalisation of ₹11,092.30 crore as of May 20, 2026, according to data on the NSE.