Transcript of Earnings Call Q4 FY26

Bluspring Enterprises completed its first full year as a listed company with FY26 revenue of INR 3,304 crores (11% YoY growth) and Q4 revenue of INR 846 crores (8% YoY growth). EBITDA margin improved from 3.1% in Q1 to 4.2% in Q4, with Q4 EBITDA at INR 35 crores (44% YoY growth). Adjusted PAT for FY26 was INR 67 crores (26% YoY growth) 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 within the week) and LSG Sky Chefs India (INR 110 crores revenue, mid-to-high teens margins, expected to close in 30-45 days). Management guided 15-16% organic revenue growth for FY27 and expects EBITDA margins to reach ~5% post-acquisitions, targeting INR 100 crores PAT ex-foundit. The foundit investment segment showed turnaround with Q4 sales of INR 26 crores and reduced EBITDA losses to INR 9 crores, with guidance to achieve EBITDA break-even by end of FY27.