This travel services-related stock has given over 1700% returns in 5 years; check its Q1 results 

Although the ongoing results season has little to cheer about, as most companies have put forth a sombre show, there are outliers as well.

For the said quarter, the company reported a 70.1% jump in its net profit to ₹120.8 crore as compared to ₹71.0 crore in Q1 FY24. The company’s revenue from operations grew by 28.5% YoY to ₹492.7 crore in Q1FY25 as compared to ₹383.5 crore in Q1FY24.

The growth was mainly driven by the Visa & Consular business, which witnessed a robust growth of 35.9% YoYin revenue to reach ₹414.1 crore, as per the company's media release. 

Reacting to the strong numbers, shares of the company jumped as much as 8.15% to ₹378.45 apiece on the NSE in the opening deals.

EBITDA of the company surged to ₹133.2 crore during the quarter from ₹80.1 crore in Q1 FY24, registering a growth of 66.3% YoY. EBITDA margin expanded by 615 bps to 27.0% in Q1 FY25 from 20.9% in Q1 FY24.

Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd, said, "Our on-going efforts to make our visa business operations more efficient by transitioning from partner-run to self-managed centers at various locations enabled us to achieve a higher EBITDA margin. The EBITDA margin of the Visa & Consular business witnessed an expansion of 600 bps YoY and 850 bps QoQ to 29.3% from 23.3% in Q1 FY24 and 20.8% in Q4 FY24."

"Recently, we have achieved a major milestone with the completion of the acquisition of a 100% stake in iDATA, and we are working on integrating iDATA’s business operations with BLS. During Q1 FY25, we also entered into a definitive share purchase agreement to acquire 55% controlling interest in Aadifidelis Solutions Pvt. Ltd., one of the largest loan distribution & processing companies in India," Aggarwal added. 

The company's press release added that the international travel industry continues to witness growth, bolstered by increased business confidence and measures that facilitate travel, as well as improved air connectivity and higher capacity.

Stock performance

Shares of BLS International have given multibagger returns in the past five years. Data shows that the stock has jumped over 1,700% during the window. In comparison, the benchmark Nifty50 has rallied 119%.