BLS International reported a jump in revenues in the fourth quarter ended March 31, at 19 percent to Rs 194.38 crore versus Rs 162.8 crore in thirds quarter. EBITDA for the quarter too was up at Rs 34.3 crore versus Rs 28 crore in Q3FY16. EBITDA margins stood at 17.64 percent and profit after tax was up at Rs 17.06 crore from Rs 16.66 crore in Q3FY16.
Shikhar Aggarwal, Joint MD, BLS International in an interview to CNBC-TV18 spoke about the company’s Q4 performance and the outlook going forward.
Aggarwal said Spain order and Punjab e-Govt rollout will aid FY18 revenues. The company is bidding for ten more domestic e-Governance projects, he said.
Going forward he is confident of achieving Rs 800 crore revenues for FY18.
BLS International Services Ltd. is a specialist provider for Outsourcing of Visa, Passport and Attestation Services to the Client Governments across the world. BLS serves the Diplomatic Missions by managing all administrative and non-judgmental tasks related to the entire lifecycle of a visa application process, enabling missions to focus entirely on the key aspects of assessment of the visa application and conduct interviews, where required; here too, BLS assists in scheduling interviews.
Watch video, for full interview
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
