BLS International Services Ltd on Thursday reported a 69.9% rise in consolidated net profit for the quarter ended March 31, 2025, as revenue and margins surged across its visa, consular, and digital services businesses.
The company’s Q4FY25 profit rose to ₹145.2 crore from ₹85.5 crore a year earlier, while revenue from operations grew 54.7% year-on-year to ₹692.8 crore. EBITDA jumped 92.8% to ₹174.1 crore in the March quarter, with margins expanding to 25.1% from 20.2% a year ago.
For the full fiscal year ended March 2025, BLS posted record consolidated revenue of ₹2,193.3 crore, up 30.8% from FY24. Net profit rose 65.7% to ₹539.6 crore, while EBITDA grew 82.1% to ₹629.3 crore. Margins improved by 808 basis points to 28.7% in FY25.
The Visa & Consular segment contributed ₹1,653.3 crore in FY25 revenue, a 21.4% rise from the previous year. EBITDA for the segment increased 89.6% to ₹569.7 crore, with a margin of 34.5%. Net revenue per application improved 35.3% to ₹2,903, as the firm processed 37.5 lakh applications.
Digital services revenue surged 71.4% to ₹540 crore, supported by higher transaction volumes and the acquisition of Aadifidelis. The segment processed 14 crore transactions with a gross transaction value of over ₹87,000 crore, including ₹12,000 crore in loan disbursements.
BLS said the transition from a partner-run to self-managed model and the integration of new acquisitions like iDATA and Citizenship Invest boosted margins and efficiency. The company ended FY25 with a net cash balance of ₹928 crore.
Founded in 2005, BLS International is a tech-enabled services partner to governments, operating across visa, passport, consular, e-governance, and digital citizen services.
