Commercial Services company BLS E-Services announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Total Revenue grew by 6.9% YoY, to Rs 78.7 crore, as compared to Rs 73.6 crore in Q4FY23
- EBITDA at Rs 16.0 crore, as against Rs 13.1 crore in Q4FY23; up by 21.8% YoY; EBITDA Margin stood at 20.3% as compared to 17.8% in Q4FY23, an expansion of 248 bps
- PBT before exceptional items stood at Rs 14.4 crore, up 24.6% from Rs 11.6 crore in Q4FY23
FY24 Financial Highlights:
- Total Revenue increased by 25.7% YoY to Rs 309.6 crore as against Rs 246.3 crore in FY23
- EBITDA at Rs 49.9 crore as against Rs 36.3 crore in FY23, up by 37.6%; EBITDA margin at 16.1% in FY24 as against 14.7% in FY23, expanded by 139 bps
- PBT before exceptional items in FY24 grew robustly by 54.5%, at Rs 45.7 crore, as compared to Rs 29.6 crore
- PAT in FY24 grew by 65.0%, at Rs 33.5 crore, as compared to Rs 20.3 crore; PAT Margin at 10.8% in FY24, expanded by 258 bps, from 8.3% in FY23
Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS EServices Ltd. said: “We are pleased to announce the financial performance in FY24, marked by a significant growth in Total Revenue and PAT, which increased strongly by 25.7% and 65.0% respectively. During the year, we have also increased our reach and network to over 100,000 Touchpoints and more than 1,000 BLS Stores. We are ushering in an era of unparalleled financial inclusion and digital empowerment, as evidenced by our transformative initiatives across various sectors. Our collaboration with the National Health Authority for the Ayushman Bharat Quality Check (QC) in Uttar Pradesh, under the visionary National Digital Health Mission, heralds a new chapter in healthcare accessibility.
Similarly, our partnership with Public and Private Sector Banks through initiatives like ‘Har Ghar Suraksha,' a social security campaign by the Department of Financial Services and PSU banks, and the 'DSB Dastak' campaign, part of the EASE 2.0 quidelines, is a testament to our commitment to bringing banking services to every doorstep.
From facilitating over 133 million transactions worth more than Rs 72,700 crore this year through our 21,000 BC Centers, we have generated leads of over Rs 580 crore of loans & deposits in a quarter for our partners in the private sector banking space through our Business Facilitator model, a testament to our competitive edge.
As we forge ahead, our focus remains on expanding our network and reach through our BCs and digital stores, invest in building an advanced digital infrastructure which can withstand the quantum of transactions being envisaged given the trajectory of our economy. We would like to set new industry benchmarks and create a more equitable and sustainable future for all.”