The company said during the quarter under review, it secured a five-year global contract from the Slovak Republic to establish and operate Visa Application Centres in over 80 countries across all major regions, significantly broadening its international operations and client base.
It also secured a Visa outsourcing contract from the High Commission of the Republic of Cyprus, extending its services in South Africa, Lesotho, Eswatini, Mauritius, Botswana, Zimbabwe, Zambia, Namibia, Madagascar, Malawi, and Mozambique. In addition to this, the company also secured contracts with Cyprus for other countries, including China, Mongolia, Cambodia, Laos and Kazakhstan.
It secured a project from the Bihar Government worth Rs. 100 Crores, for establishing Permanent Enrolment Centres (PEC) for Aadhar, easing accessibility and empowering the citizens of Bihar for securing a digital identity. This order win is in addition to the recent order received from the Unique Identification Authority of India (UIDAI) to establish and operate Aadhar Seva Kendras pan India, worth Rs 2055.35 crore. The company said it also renewed its nationwide contract with the Ministry of External Affairs to provide attestation and apostille services across 17 major centres.
Shikhar Aggarwal, Joint Managing Director, BLS International Services Ltd. said
quarter three was a strong one for the company as revenue expanded by 43.6% year on year supported by healthy momentum across both the visa and consular services and digital services segments.
“EBITDA for the quarter increased by 25.3% year on year, while PAT recorded a growth of 33.1% year on year, reflecting disciplined execution and operational efficiencies,” he said.
“Visa and consular services business revenue recorded a 19.6% year on year growth in revenue, driven by 17.7% growth in the number of applications processed,” he added.