- Home
- Results news
- BLS E-Services
- Q4 FY25 results
BLS E-Services Q4 FY25 results: net profit up 58.7% to ₹17.31 crore, revenue ₹239.21 crore vs ₹73.65 crore
BLS E-Services Limited reported consolidated Q4 FY25 revenue of ₹239.21 crore and a net profit of ₹17.31 crore, up from ₹73.65 crore and ₹10.91 crore in Q4 FY24. EBITDA was ₹19.42 crore, while the EBITDA margin fell 6.7 percentage points to 8.1%; the company said the consolidation of Aadifidelis Solutions and its affiliates affected margins.
Key points
- Consolidated revenue rose 224.8% year on year to ₹239.21 crore in Q4 FY25.
- EBITDA increased 78.3% to ₹19.42 crore, but the EBITDA margin declined 6.7 percentage points to 8.1%.
- Net profit rose 58.7% to ₹17.31 crore from ₹10.91 crore, while basic EPS was ₹1.45.
- For FY25, revenue was ₹519.35 crore and net profit was ₹58.81 crore, up 72.3% and 75.3% respectively.
- The board recommended a final dividend of 10% on face value, or 1.00/- per equity share, subject to shareholder approval.
How did BLS E-Services perform in Q4 FY25?
BLS E-Services reported consolidated revenue of ₹239.21 crore for Q4 FY25, up ₹165.56 crore or 224.8% from ₹73.65 crore in Q4 FY24. Against Q3 FY25, revenue was higher by ₹111.58 crore or 87.4%. Total income was ₹245.2 crore, compared with ₹78.72 crore a year earlier and ₹133.05 crore in the previous quarter.
Consolidated EBITDA was ₹19.42 crore in Q4 FY25, up ₹8.53 crore or 78.3% from ₹10.89 crore in Q4 FY24 and ₹3.63 crore or 23.0% from ₹15.79 crore in Q3 FY25. The EBITDA margin fell 6.7 percentage points year on year to 8.1% and declined 4.3 percentage points from Q3 FY25. The company said lower margins were due to consolidation of Aadifidelis Solutions and its affiliates.
Profit before tax rose to ₹23.33 crore from ₹14.42 crore a year earlier and ₹19.09 crore in Q3 FY25. Net profit was ₹17.31 crore, up 58.7% from ₹10.91 crore and 23.6% from ₹14.01 crore, while profit attributable to owners was ₹13.20 crore. Basic EPS was ₹1.45, against ₹1.46 in Q4 FY24 and ₹1.44 in Q3 FY25. On the standalone basis, revenue was ₹15.69 crore and net profit was ₹2.16 crore.
| ₹ crore | Q4 FY25 | Q3 FY25 | Q4 FY24 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 239.21 | 127.63 | 73.65 | +224.8% | +87.4% |
| Other income | 6 | 5.42 | 5.07 | +18.3% | +10.7% |
| Total expenses | 221.87 | 113.96 | 64.30 | +245.1% | +94.7% |
| EBITDA | 19.42 | 15.79 | 10.89 | +78.3% | +23.0% |
| EBITDA margin | 8.1% | 12.4% | 14.8% | −6.7 pp | −4.3 pp |
| Profit before tax | 23.33 | 19.09 | 14.42 | +61.8% | +22.2% |
| Tax | 6.02 | 5.08 | 3.51 | +71.5% | +18.5% |
| Net profit | 17.31 | 14.01 | 10.91 | +58.7% | +23.6% |
| EPS (₹) | 1.45 | 1.44 | 1.46 | −0.7% | +0.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in BLS E-Services' costs and profit?
Total expenses rose ₹157.57 crore or 245.1% to ₹221.87 crore in Q4 FY25, compared with ₹64.30 crore in Q4 FY24. Cost of materials increased ₹149.90 crore to ₹202.15 crore, employee cost rose ₹2.45 crore to ₹10.37 crore, and other expenses increased ₹4.68 crore to ₹7.27 crore. Depreciation was higher by ₹0.67 crore at ₹1.88 crore, while finance costs were lower by ₹0.12 crore at ₹0.21 crore.
Other income increased by ₹0.93 crore to ₹6 crore from ₹5.07 crore in Q4 FY24, and tax expense was higher by ₹2.51 crore at ₹6.02 crore. There was no exceptional item in either period. PBT therefore rose by ₹8.91 crore to ₹23.33 crore, while net profit increased by ₹6.40 crore to ₹17.31 crore. Management said Q4 growth in total income was driven by higher transaction volume and value in the BC business and by consolidation of Aadifidelis, acquired in November 2024.
| ₹ crore | Q4 FY25 | Q4 FY24 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 202.15 | 52.25 | +149.90 | +286.9% |
| Employee cost | 10.37 | 7.92 | +2.45 | +30.9% |
| Finance costs | 0.21 | 0.33 | −0.12 | −36.4% |
| Depreciation | 1.88 | 1.21 | +0.67 | +55.4% |
| Other expenses | 7.27 | 2.59 | +4.68 | +180.7% |
| Total expenses | 221.87 | 64.30 | +157.57 | +245.1% |
| Other income | 6 | 5.07 | +0.93 | +18.3% |
| Tax | 6.02 | 3.51 | +2.51 | +71.5% |
Source: Company's results filing (XBRL).
How did BLS E-Services do in FY25 as a whole?
For FY25, consolidated revenue was ₹519.35 crore, up ₹217.87 crore or 72.3% from ₹301.48 crore in FY24. Total income rose 76.0% to ₹545.01 crore, while PBT increased 73.1% to ₹79.14 crore. The company said the revenue growth was primarily due to consolidation of Aadifidelis, acquired in November 2024.
Net profit for FY25 was ₹58.81 crore, up ₹25.27 crore or 75.3% from ₹33.54 crore in FY24. Basic EPS increased from ₹4.44 to ₹5.79. The FY25 investor presentation reported operating EBITDA of ₹60.5 crore, compared with ₹41.8 crore in FY24, and operating EBITDA margin of 11.6% against 13.9%.
| ₹ crore | FY25 | FY24 | Change |
|---|---|---|---|
| Revenue from operations | 519.35 | 301.48 | +72.3% |
| Profit before tax | 79.14 | 45.71 | +73.1% |
| Net profit | 58.81 | 33.54 | +75.3% |
| EPS (₹) | 5.79 | 4.44 | +30.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2025, total assets were ₹672.37 crore, compared with ₹556.16 crore at 30 September 2024, and total equity was ₹518.28 crore against ₹464.98 crore. Cash increased to ₹70.68 crore from ₹31.92 crore, while borrowings remained nil. Trade receivables were ₹93.43 crore compared with ₹36.12 crore, and trade payables were ₹54.54 crore against ₹3.8 crore.
FY25 operating cash flow was ₹67.29 crore, up from ₹19.65 crore in FY24. Investing cash flow was an outflow of ₹22.67 crore compared with an outflow of ₹295.16 crore, while financing cash flow was an outflow of ₹4.28 crore against an inflow of ₹290.14 crore. Capital expenditure was ₹13.1 crore, compared with ₹4.64 crore in FY24.
| ₹ crore | As of 31 March 2025 | As of 30 September 2024 |
|---|---|---|
| Total assets | 672.37 | 556.16 |
| Total equity | 518.28 | 464.98 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 70.68 | 31.92 |
| Inventories | 0.49 | 2.75 |
| Trade receivables | 93.43 | 36.12 |
Source: Company's results filing (XBRL).
| ₹ crore | FY25 | FY24 |
|---|---|---|
| Cash from operations | 67.29 | 19.65 |
| Cash from investing | −22.67 | −295.16 |
| Cash from financing | −4.28 | 290.14 |
| Capital expenditure | 13.10 | 4.64 |
Source: Company's results filing (XBRL).
How has BLS E-Services done over the last 6 quarters?
Revenue rose in each of the last two quarters year on year and reached a six-quarter high of ₹239.21 crore in Q4 FY25. Profit also rose year on year for two consecutive quarters and reached ₹17.31 crore in Q4 FY25, above ₹14.01 crore in Q3 FY25 and ₹10.91 crore in Q4 FY24.
The EBITDA margin reached its six-quarter high of 17.5% in Q2 FY25 before falling to 12.4% in Q3 FY25 and 8.1% in Q4 FY25, its lowest level in the series. Revenue growth accelerated in Q4 FY25, but the margin direction was downward. The company said the consolidation of Aadifidelis and its affiliates caused the lower Q4 FY25 margins.
What else did the company announce?
The board approved the standalone and consolidated audited financial results for the quarter and year ended 31 March 2025, with the auditors submitting an unmodified opinion. It recommended a final dividend of 10% on face value, or 1.00/- per equity share of ₹10 face value, for FY25, subject to shareholder approval.
The board noted Sameer Kumar's resignation as Company Secretary and Compliance Officer with effect from the close of business hours on 13 May 2025 and appointed Neha Baid to the role from 14 May 2025. It also appointed Nangia & Co. LLP as internal auditors for FY26 and P. K. Mishra & Associates as secretarial auditors for five years from FY26, subject to shareholder approval. The company also filed an investor presentation for the audited results.
How did BLS E-Services shares react?
After the filing, the stock was up 5.0% after five minutes, 5.5% after 15 minutes and 6.3% after 30 minutes. On the reaction day, it closed 14.8% above its pre-results close of ₹157.90; by the next day's close, it was up 12.9% from that close, and by five sessions later, it was up 33.1%. The earlier results day, 13 May 2024, saw no reaction-day move.
The IT Enabled Services industry median rose 1.2% on the reaction day, 1.9% by the next day's close and 1.4% over five sessions. BLS E-Services therefore moved 13.5 percentage points more than the industry median on the reaction day, 11.0 percentage points more by the next day's close and 31.7 percentage points more over five sessions.
| After the filing | Stock | IT Enabled Services median |
|---|---|---|
| 5 minutes | +5.0% | |
| 15 minutes | +5.5% | |
| 30 minutes | +6.3% | |
| Reaction day | +14.8% | +1.2% |
| Next day | +12.9% | +1.9% |
| 5 days | +33.1% | +1.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
How did other IT Enabled Services companies do?
A total of 62 other IT Enabled Services companies filed for the quarter, with a median revenue growth of 13.6%. Of the peers with comparable profit data, 34 reported higher profit. Sixty-one peers grew revenue more slowly than BLS E-Services, while one grew faster.
| BLS E-Services revenue growth (YoY) | +224.8% |
|---|---|
| Median of 62 other IT Enabled Services companies | +13.6% |
| Companies with slower revenue growth than BLS E-Services | 61 of 62 |
| Companies with faster revenue growth than BLS E-Services | 1 of 62 |
| Companies whose net profit rose | 34 of 59 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was BLS E-Services' revenue in Q4 FY25?
Revenue from operations was ₹239.21 crore, up 224.8% from ₹73.65 crore in Q4 FY24 (consolidated).
Did BLS E-Services make a profit in Q4 FY25?
Yes. Net profit was ₹17.31 crore, against a net profit of ₹10.91 crore in Q4 FY24.
What was BLS E-Services' EPS in Q4 FY25?
Basic earnings per share were ₹1.45, against ₹1.46 in Q4 FY24.
How did BLS E-Services shares react to the Q4 FY25 results?
On the reaction day the stock moved +14.8% from the previous close; the median IT Enabled Services stock moved +1.2%.
When did BLS E-Services announce its Q4 FY25 results?
On 14 May 2025, in a filing to the NSE.
Sources
- Board Meeting Intimation for Intimation Of Meeting Of Board Of Directors Of The Company Scheduled To Be Held On May 14, 2025 (BSE, 8 May 2025) · PDF
- Updates (NSE, 14 May 2025) · PDF
- Outcome of Board Meeting (NSE, 14 May 2025) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.