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Tuesday, 13 November, 2018, 17 : 00 PM [IST]

BLS International registers PAT growth of 23% in the Second Quarter

BLS International Services Limited (BLS), declared its financial results for the second quarter ended September 30, 2018.

The company reported Net Profit of Rs 32.9 crore for Q2 FY19, up by 23.1%, as compared to Rs. 26.8 crore in the corresponding quarter of last fiscal. The company’s Q2 FY19 PAT margin stood at a robust 17.3%, as compared to 14.3% in Q2 FY18.

Total Income for the quarter ended September 2018 stood at Rs. 191.2 crore, up by 2.0%, as compared to Rs 187.4 crore in the same period last year. The company’s earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2 FY19 stood at Rs. 45.4 crore, up by 2.8% as compared to Q2 FY18 which stood at Rs 44.2 crore. Its EBITDA margin improved from 23.6% in Q2 FY18 to Rs. 23.8% in Q2 FY19. 

Commenting on the financial performance of the company Shikhar Aggarwal, Joint Managing Director, BLS International Services Limited said, “We are happy to report another quarter with strong results. The encouraging performance in the Q2/H1 FY19 is led by timely and quality deliverables of our contracts in domestic and international market. We are proud that during this quarter BLS International not only got listed in Forbes Asia’s ‘Best Under A Billion’ company list but also received Spain Esquema Nacional de Seguridad (ENS – National Security Framework) accreditation after rigorous assessment and audits by ENS Certification Entity from Spain.”

He further added, “Being the face of government across the globe, we will continue to rally our focus on execution, operation and swift rollouts of projects for our client governments across globe and we believe that we are well positioned for sustainable growth in the current year and future”.  

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