Synopsis:
BLS E-Services reported Q1 FY26 revenue of Rs. 244 crores, up 2 percent QoQ and 224 percent YoY, with net profit at Rs. 17.5 crores, rising 1 percent QoQ and 39 percent YoY.
Shares of a leading provider of e-governance services, business correspondence solutions, and e-assisted services across India, hit a 5 percent upper circuit on Monday, after reporting Q1 FY26 results with a growth in revenue from operations by around 2 percent QoQ and 224 percent YoY.
With a market cap of Rs. 1,745.8 crores, the shares of BLS E-Services Limited hit a 5 percent upper circuit at Rs. 192.15 on BSE, as against its previous closing price of Rs. 183. The stock has delivered negative returns of over 10 percent in the last one year, and has fallen by 1 percent in the last one month.
What’s the News:
According to the latest regulatory filings on the stock exchanges, BLS E-Services Limited announced the financial results for Q1 FY26 on Monday during market hours.
For Q1 FY26, BLS E-Services reported consolidated revenue from operations of Rs. 244 crores, marking around a 2 percent QoQ growth compared to Rs. 239 crores in Q4 FY25, and an impressive year-on-year increase of about 224 percent from Rs. 75.3 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 17.5 crores, reflecting a marginal growth of around 1 percent QoQ compared to Rs. 17.3 crores in Q4 FY25, along with a year-on-year rise of about 39 percent from Rs. 12.6 crores in Q1 FY25.
On 24th June, the company through its subsidiary, Zero Mass Private Limited, entered into a definitive agreement to acquire Customer Service Points (CSPs) of State Bank of India (SBI) and HDFC Bank under the Business Correspondence (BC) business of Sub-K Impact Solutions Limited on a slump sale basis for a total consideration of around Rs. 6.5 crores.
This strategic acquisition marks a significant step for BLS E-Services to expand financial inclusion and enhance last-mile banking service delivery across India, particularly in Andhra Pradesh, Telangana, and other key states.
BLS E-Services Limited is a leading technology-enabled digital service provider, providing Business Correspondents services to major banks in India, Assisted E-services, and E-Governance Services at the grassroots levels in India.
The company provide access points for delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural and banking services to governments (G2C) and businesses (B2B) alike apart from a host of B2C services to citizens in urban, semi-urban, rural and remote areas where penetration of internet is low and citizens need assistance in availing basic technology enabled services.
Written by Shivani Singh
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