BLS International Services : Financial Results Updates

			November 07, 2022
	National Stock Exchange of	BSE Ltd.,	Metropolitan Stock Exchange of
	India Ltd.,		India Ltd.,
	Exchange Plaza, C-1 Block G,	Phiroze Jeejeebhoy	Vibgyor Towers, 4th Floor, Plot
	Bandra Kurla Complex Bandra	Towers,	No. C62, G - Block, Opp. Trident
	[E], Mumbai - 400051	Dalal Street, Fort,	Hotel, Bandra Kurla, Complex,
		Mumbai - 400 001	Bandra (E), Mumbai - 400098
	NSE Scrip Symbol: BLS	BSE Scrip Code: 540073	MSE Scrip Symbol: BLS
Subject:
Dear Sir / Madam,

Subject: Investor Presentation

Pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed a Investor Presentation with respect to Un-audited financial performance of the BLS International Services Limited for the second quarter and half year ended September 30, 2022.

You are requested to take the same on your records.

For BLS International Services Limited

DHARAK ARVIND MEHTA

Digitally signed by DHARAK ARVIND MEHTA Date: 2022.11.07 21:04:00 +05'30'

………………………

Dharak A. Mehta

Company Secretary and Compliance Officer

ICSI Membership No.: ACS40502

Encl: as above

Investor Presentation Q2 & H1 FY23

Q2 FY23 Highlights

Key Focus Areas - Digital Services

Strong Focus on Digital Services

• BLS is consolidating its e-Governance and Citizen services lines of business into one segment - Digital Services
• Post ZMPL acquisition, BC line of business is growing fast enough to require dedicated strategic focus
• Based on robust growth potential, Company will invest in developing infrastructure and manpower for e-Governance & Business Correspondence
• Organic growth to be complemented with inorganic opportunities

Recent Acquisition & Contracts

• BLS acquired ZERO Mass Private Limited (ZMPL), to become largest business correspondent (BC) of SBI
• BLS signed agreement with Department of Administrative Reforms, with the Karnataka Government, to be the e- Governance Operations Partner for 2 divisions - Mysore and Kalburgi
• Company signed contract with the Royal Thai embassy to provide visa services in Kenya
• BLS signed agreement with Directorate of Registration and Stamp Revenue, government of West Bengal
• Company won contract with Royal Thai Consulate General, Mumbai, for visa services
• BLS won contract to process German visas in North America and Mexico

3

Financial Highlights

Highlights	Revenue (Rs Cr)
	356.8
Quarterly		87.4%
190.5
	Q2 FY22	Q2 FY23

EBITDA (Rs Cr) & EBITDA Margin (%)

14.5%		15.9%
	106.0%	56.8
27.6
Q2 FY22		Q2 FY23

PAT (Rs Cr) & PAT Margin (%)

14.4%	14.3%
	51.0
	85.7%
27.5
Q2 FY22	Q2 FY23

Highlights		629.7
369	70.65%
Half Year	H1 FY22	H1 FY23

12.6%	14.0%
	88
	90%
46
H1 FY22	H1 FY23

	12.9%	13.0%
		82
	48	71%
	H1 FY22		H1 FY23
		4