NE BUSINESS BUREAU
NEW DELHI, FEB 4
BLS International on Saturday announced that its operational revenue stood at Rs 204.3 crore for the third quarter ended December 31, 2019, up by 11.1% from Rs 184 crore in the same period of last year. During the reporting quarter, its EBITDA was Rs 20.2 crore, up from Rs 12 crore in Q3 FY19
Its adjusted PBT was Rs 22.1 crore (excluding exceptional items) compared Rs 16.5 crore in Q3 FY19 while Profit After Tax (PAT) for the quarter ended December 31, 2019, was Rs 21.2crore compared to Rs 21.5 crore in the same period of last financial year
Commenting on the results, Shikhar Aggarwal, Joint Managing Director of BLS International said, “We are pleased to report that in Q3 2019-20, we continued to deliver strong performance, with revenues of Rs 643.9 crore, a year on year growth of 11%. Our operations have stabilized with as reflected in improving margins. We have opened new centers in the Middle East for Brazil with enhanced services to provide convenience and ease to our customers. We will continue to work on our targets and with governments by introducing enhanced services and technology for the seamless operations towards visa and other services”.
- Expansion & New Centers: We commenced accepting visa applications for Brazil in Beirut, Lebanon, the Center went live from October 2019 and the Company will provide efficient visa application services to people traveling to Brazil from Lebanon for business, work or leisure
- Partnership: We forged an exclusive partnership with the Embassy of Libya to provide visa services, which went live from November 2019, the company will impart help for Libya Visa and attestation services for travelers from India
- Honors and Awards: We are honoured to be awarded the ‘Brand Excellence Award in the Visa Outsourcing Service Sector’ by ABP News in Nov 2019 for the company’s excellence in visa process outsourcing and allied services
