Bluspring Enterprises Limited has informed the Exchange about Transcript
BLUSPRING · price
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Bluspring Enterprises reported strong Q4 FY26 results in its first year as an independent listed company. Full-year revenue grew 11% YoY to INR 3,304 crores, while Q4 revenue stood at INR 846 crores (+8% YoY). EBITDA for FY26 increased 10% to INR 121 crores, with Q4 EBITDA at INR 35 crores (+44% YoY), marking margin expansion from 3.1% in Q1 to 4.2% in Q4 - a 112 bps improvement during the year. Adjusted PAT for FY26 grew 26% to INR 67 crores with EPS of INR 4.5 per share. The company announced two acquisitions: STEAG Energy Services (INR 700 crores revenue, high-single digit margins, expected to close imminently) and LSG Sky Chefs India (INR 110 crores revenue, mid-to-high teens margins, expected in 30-45 days). Management guided that post-acquisitions, EBITDA margins should reach 'touching distance of 5%'. For FY27, organic revenue growth is guided at 15-16% plus INR 800 crores annualized from acquisitions.
The company is transitioning from a low-margin manpower provider to a higher-margin integrated infrastructure services player. The acquisitions of STEAG and LSG Sky Chefs are expected to add ~20% to top line and improve EBITDA margins by 90-100 bps, making Bluspring a ~INR 100 crore PAT company (ex-foundit) in FY27. The foundit segment is on track to break-even by Q4 FY27.