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Mr. Shikhar Aggarwal, Chairman, BLS E-Services Ltd
BLS E-Services Limited (BLSe), a technology-enabled digital service provider, announced its consolidated financial results for the quarter and nine months period ended 31st December 2024.
Consolidated Financial highlights:
|
Particulars (Rs. Crores) |
Q3FY25 |
Q3FY24 |
YoY |
9M FY25 |
9M FY24 |
YoY |
FY24 |
|
Revenue from Operations |
127.6 |
71.7 |
78.1% |
280.1 |
227.8 |
23.0% |
301.5 |
|
Total Income |
133.1 |
72.8 |
82.7% |
299.8 |
230.9 |
29.9% |
309.6 |
|
Operating EBITDA |
15.8 |
10.3 |
53.1% |
41.0 |
30.9 |
32.6% |
41.8 |
|
Operating EBITDA Margin (%) |
12.4% |
14.4% |
|
14.6% |
13.6% |
|
13.9% |
|
EBITDA* |
21.2 |
11.5 |
84.8% |
60.7 |
34.0 |
78.7% |
49.9 |
|
EBITDA Margin* (%) |
15.9% |
15.8% |
|
20.2% |
14.7% |
|
16.1% |
|
Profit after Tax (PAT) |
14.0 |
7.9 |
76.3% |
41.5 |
22.6 |
83.4% |
33.5 |
|
PAT Margin (%) |
11.0% |
11.1% |
|
14.8% |
9.9% |
|
11.1% |
*Including Other Income
Q3FY25
- Total Income for the quarter was at Rs. 133.1 Crores as compared to Rs. 72.8 Crores reported in Q3FY24, a growth of 82.7%. This includes Rs. 52.8 Crores of total income of Aadifidelis Solutions Pvt Ltd. and its affiliates (ASPL) which is being consolidated from 26th Nov 2024 onwards.
- EBITDA stood at Rs. 21.2 Crores compared to Rs. 11.5 Crores in Q3FY24, up by 84.8% YoY. EBITDA Margin stood at 15.9% in Q3FY25 compared to 15.8% reported in Q3FY24. ASPL reported EBITDA margin of 4.4% for the consolidated period.
- PAT grew by 76.3% to Rs. 14.0 Crores, as compared to Rs. 7.9 Crores reported in Q3FY24. PAT Margin stood at 11.0% in Q3FY25.
- Excluding ASPL, EBITDA Margin stood at 23.5% and PAT Margin stood at 16.5% in Q3FY25.
9MFY25
- The company’s total income stood at Rs. 299.8 Crores in 9MFY25 as compared to Rs. 230.9 Crores in 9MFY24, a growth of 29.9% YoY.
- EBITDA registered a growth of 78.7% to Rs. 60.7 Crores from Rs. 34.0 Crores in 9MFY24. EBITDA Margin expanded by 553 bps to 20.2% in 9MFY25 from 14.7% in 9MFY24.
- PAT surged to Rs. 41.5 Crores as compared to Rs. 22.6 Crores in 9MFY24, a growth of 83.4% YoY. PAT Margin expanded to 14.8% in 9MFY25 from 9.9% in 9MFY24.
Speaking about the performance and recent updates, Mr. Shikhar Aggarwal, Chairman, BLS E-Services Ltd. said: “We are pleased to announce a robust performance in Q3FY25 registering a YoY growth of 82.7% and 76.3% in total income and profit after tax, respectively. During the quarter, we completed the acquisition of 57% controlling stake in ASPL, a leading player in the distribution and processing of loans for corporations and individuals. We have utilised part of the IPO proceeds for this acquisition as per the objects of the issue.
Our network now stands at 41,500+ Channel Service Partners and 136,700+ touchpoints, including ASPL’s credible network of 8,600 channel service partners which facilitate a monthly loan disbursement of Rs. 1,600+ Crores. The acquisition has increased our reach in the Business Correspondent services and will positively contribute to its growth in future.
During the quarter, the company also won significant contracts for business correspondent services from Canara Bank as well as Central Bank of India.
As we progress into the future, our strategic focus remains on the enhancement and development of digital infrastructure achieving wider accessibility and for penetrating new market segments. Through this approach, we are poised to enhance customer experiences, streamline operations, and drive business expansion in a sustainable and profitable manner.”
Other Key Highlights:
- During the quarter, BLSe completed acquisition of 57% controlling stake in ASPL for total consideration value of Rs. 123 Crores. The company has made an upfront investment of ~Rs. 78 Crores which includes Rs. 25 Crores of primary infusion into ASPL. Additional payments would be made on achievement of certain EBITDA milestones in FY25 and FY26.
- The Business Correspondent business witnessed over 3.43 Crore transactions with Gross Transaction Value of more than Rs. 21,000 Crores during Q3FY25. This takes Gross Transaction Value to over Rs. 61,000 Crores during 9MFY25.
- BLSe generated loan leads worth over Rs. 2,900 Crores for financial institutions during the quarter (including Rs. 1,600+ Crores loan leads generate by ASPL). During 9MFY25, BLSe generated over Rs. 5,300 Crores of loan leads for various financial institutions.