BLS International standalone half-year profit rises to Rs 58.87 crore

BLS International Services Limited reported standalone profit after tax of Rs 58.87 crore for the half year ended September 30, 2026, compared with Rs 5.65 crore a year earlier. Revenue from operations rose to Rs 155.98 crore and dividend income increased to Rs 84.52 crore, supporting total income of Rs 241.96 crore.

How did BLS International's standalone profit change?

BLS International's standalone profit after tax increased to Rs 58.87 crore in the half year ended September 30, 2026, from Rs 5.65 crore in the corresponding prior-year half. Profit before tax rose to Rs 79.04 crore from Rs 5.95 crore, while total income increased to Rs 241.96 crore from Rs 97.10 crore.

The company reported no exceptional items in either half-year period. Total comprehensive income was also Rs 58.87 crore in the latest half year, compared with Rs 5.65 crore a year earlier, as the interim statements recorded no other comprehensive income in either period.

The September 2026 quarter generated profit after tax of Rs 13.74 crore, compared with Rs 4.90 crore in the September 2025 quarter. The latest quarterly profit was lower than Rs 45.13 crore in the June 2026 quarter, when other income was Rs 63.54 crore, against Rs 22.44 crore in the September quarter.

What drove BLS International's income growth?

BLS International's revenue from operations rose to Rs 155.98 crore for the half year ended September 30, 2026, from Rs 90.55 crore in the prior-year period. September-quarter revenue was Rs 86.88 crore, compared with Rs 46.08 crore in the September 2025 quarter and Rs 69.10 crore in the June 2026 quarter.

Other income increased to Rs 85.98 crore from Rs 6.56 crore. The cash-flow statement identifies dividend income of Rs 84.52 crore in the latest half year, compared with Rs 4.63 crore in the prior-year half, making dividends the largest disclosed contributor to the movement in other income.

The company received Rs 84.52 crore in dividends within investing cash flows during the half year. Interest income recognised was Rs 0.67 crore, compared with Rs 0.47 crore a year earlier, while realised gain on sale of investments was Rs 0.42 crore, compared with Rs 0.46 crore in the earlier period.

BLS International identifies visa and other allied services as its only reportable segment under Indian Accounting Standard 108, or Ind AS 108. The standalone filing consequently provides no revenue or profit split by service line, geography or customer category.

Which costs increased for BLS International?

BLS International's total expenses increased to Rs 162.92 crore in the half year ended September 30, 2026, from Rs 91.15 crore in the comparable period. Employee benefits expense rose to Rs 62.71 crore from Rs 33.83 crore, while cost of services increased to Rs 40.41 crore from Rs 28.81 crore.

Depreciation and amortisation increased to Rs 22.13 crore from Rs 8.52 crore, other expenses rose to Rs 31.73 crore from Rs 16.92 crore, and finance costs increased to Rs 5.93 crore from Rs 3.06 crore. Current tax expense was Rs 21.64 crore, against Rs 0.99 crore a year earlier, while the deferred-tax credit was Rs 1.46 crore.

Total income increased by Rs 144.86 crore year on year, exceeding the Rs 71.76 crore increase in total expenses. Basic and diluted earnings per share, which are not annualised, were Rs 1.43 for the latest half year, compared with Rs 0.14 in the prior-year period.

How did BLS International's assets and liabilities change?

BLS International's total standalone assets were Rs 545.43 crore at September 30, 2026, compared with Rs 292.85 crore at March 31, 2026. Non-current assets increased to Rs 404.60 crore from Rs 231.52 crore, while current assets rose to Rs 140.83 crore from Rs 61.33 crore.

Investments in subsidiaries increased to Rs 106.89 crore at September 30 from Rs 49.97 crore at March 31. Property, plant and equipment rose to Rs 111.32 crore from Rs 46.18 crore, capital work in progress increased to Rs 10.36 crore from Rs 1.76 crore, and right-of-use assets reached Rs 150.33 crore from Rs 111.21 crore.

Trade receivables increased to Rs 45.57 crore from Rs 21.40 crore, cash and cash equivalents rose to Rs 15.25 crore from Rs 8.71 crore, and bank balances other than cash and cash equivalents reached Rs 40.63 crore from Rs 12.11 crore. Total equity increased to Rs 132.48 crore from Rs 92.11 crore over the same period.

What did BLS International's cash flow show?

BLS International generated net operating cash flow of Rs 95.42 crore in the half year ended September 30, 2026, compared with Rs 53.70 crore a year earlier. Cash generated from operations was Rs 97.96 crore before income-tax payments of Rs 2.54 crore, while trade receivables increased by Rs 24.06 crore.

Investing cash outflow increased to Rs 75.44 crore from Rs 21.32 crore. The company spent Rs 64.75 crore on property, plant and equipment, intangible assets and capital work in progress, invested Rs 56.92 crore in subsidiaries, and recorded net placement of Rs 31.62 crore in term deposits; dividend receipts of Rs 84.52 crore partly offset those uses.

Financing activities used Rs 13.45 crore, compared with Rs 48.04 crore in the prior-year half. The latest-period outflow included Rs 7.51 crore of lease-principal payments and Rs 5.93 crore of lease-interest payments, while dividend paid was Rs 10, compared with Rs 41.05 crore a year earlier.

The audit committee reviewed the standalone results and the board approved them on November 3, 2026. S S Kothari Mehta & Co. LLP issued an unmodified review conclusion, stating that nothing had come to its attention indicating a material misstatement in the interim standalone financial statement.

Conclusion

BLS International's standalone half-year profit rose from Rs 5.65 crore to Rs 58.87 crore as operating revenue increased and dividend income reached Rs 84.52 crore. The filing also shows higher expenses, including employee costs of Rs 62.71 crore and depreciation and amortisation of Rs 22.13 crore, alongside expanded asset and investment balances.

The next results will show how the increased investment base is reflected in standalone income and cash flows. At September 30, 2026, BLS International had Rs 106.89 crore invested in subsidiaries, Rs 111.32 crore in property, plant and equipment, Rs 10.36 crore in capital work in progress, and Rs 45.57 crore in trade receivables.