BLS International Services Ltd

BLS International Services Hits New 52-Week High on Strong Results

The utilities and power sectors gave the Indian headline indices a lift, as both surged by more than 1.5% each, driven by the Adani Group stocks. Broader indices outperformed the main indices significantly.

BLS International Services Ltd, one of the session’s top BSE Smallcap gainers, attracted investors with its strong upswing. On an intraday basis on Monday, shares of BLS International Services Ltd soared more than 10%, reaching a new 52-week high of Rs 286.45 per share on the BSE. Shares of the company have climbed around 145% in the past year while providing impressive returns of more than 27% in just one month!

Considering the company’s quarterly performance, on a consolidated basis, it reported healthy growth of 40.56% from Rs 272.82 crore registered in Q1FY23, recording total revenue of Rs 383.49 crore in Q1FY24. It has reported outstanding operating profit growth of 146.98%. Compared to the same quarter last year, the net profit for the first quarter of FY24 soared 126.14%, from Rs 30.47 crore to Rs 68.91 crore.

The company also revealed that management is focused on boosting cash generation as a key business success metric and that it generated Rs 77 crore in cash from operations during the first quarter of FY24. The Group continues to be debt-free, with Rs 642 crore in cash and cash equivalents.

A trusted global tech-enabled services partner for governments and citizens, BLS International is amongst the major players globally in this domain. It is a preferred partner for embassies and governments across the world. With more than 17 years of global experience and operating in 60 countries, the company processed nearly 220 million applications to date. It has the best reputation for setting benchmarks in the domain of visa, passport, e-governance, attestation, biometric, e-visa and retail services.

Keep a close eye on this scrip for the upcoming sessions!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.

BLS International To Provide Visa Outsourcing Services For Poland In The Philippines

BLS International Ltd. has secured a contract with the Embassy of Poland in the Philippines to provide comprehensive visa outsourcing services.

BLS International Services Limited (BLS), is a part of the four-decades-old BLS Group with a global presence and diversified range of services. It is the biggest global player in visa application outsourcing. The company operates in 2 segments: Visa & Consular Services which includes Visa, consular, and VAS services, and Digital Services which includes E-Gov Services, Banking correspondent, and Assisted E-commerce.

BLS International services to offer Visa services

BLS International, a leading provider of visa processing and consular services, announced on Tuesday a significant contract signing with the Embassy of Poland in the Philippines. This agreement highlights BLS International’s role in enhancing the visa application process for travelers heading to Poland from the Philippines. The partnership aims to streamline and improve visa outsourcing services, ensuring a smoother and more efficient experience for applicants. According to BLS International, this milestone agreement represents a strategic step towards bolstering their portfolio of consular services, emphasizing their commitment to facilitating seamless travel procedures between the two countries.

About the Service

BLS International will manage both Schengen and National visa applications at two visa centers in Manila and Cebu under the new contract with the Embassy of Poland in the Philippines. This agreement extends their advanced visa services in the region, emphasizing their commitment to streamlining international travel. Shikhar Aggarwal, Joint Managing Director of BLS International, highlighted the contract’s role in enhancing visa processing and simplifying travel procedures for applicants.

Conclusion: BLS International’s contract with the Embassy of Poland in the Philippines marks a pivotal step in enhancing visa outsourcing services for both Schengen and National visa applications. By establishing visa centers in Manila and Cebu, BLS International aims to streamline the visa application process, facilitating smoother and more efficient travel arrangements to Poland. This initiative underscores their commitment to providing advanced consular services and simplifying international travel procedures for applicants from the Philippines. The stock of BLS International services currently trades at Rs.370.50 a piece down by 0.72% from its previous day’s closing price.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.