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Annual Results: BLS International registers exponential growth

Posted by BLS International Posted on : Jun 01, 2017
For the financial year ended 31st March 2017, company reported gross revenue of INR 635 crores, up 26% and an EBITDA of INR 82 crores, up 124%, while the PAT stood at Rs.50 crores, up 62% over the corresponding year last year.
During the Q4 ended March 2017, the company rolled out its operations for the Spain contract. It reported gross revenue of Rs. 194 crores, and an EBITDA of Rs. 34 Crores, up 70 % and 529% respectively, over the corresponding period of last quarter. The Company maintained robust EBITDA margins of 51% (40% corresponding period last year) on Net revenue.
Shikhar Aggarwal, Joint MD, BLS International in an interview to CNBC-TV18 spoke about the company’s Q4 performance and the outlook going forward. Mr. Aggarwal said Spain order and Punjab e-Govt rollout will aid FY18 revenues. “Besides these two major projects, BLS International is bidding for more global contracts & domestic e-Governance projects,” he said.
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