BLS International Services

Delhi-based company says its business gained after countries eased travel restrictions for Covid-19

In the past six months, the stock price of BLS International has more-than-doubled, zooming 110 per cent, as compared to a 14 per cent rise in the S&P BSE Sensex

Shares of BLS International hit a record high of Rs 388.85 as they rallied 15% in intra-day trade, zoomed 309% thus far in the calendar year 2022.

BLS International on Tuesday said it has reported an 86 per cent jump in its net profit to Rs 51 crore in the second quarter ended September 30 on the back of robust growth in visa and consular services. The company engaged in visa, passport, e-governance and biometric services had reported a net profit of Rs 27.46 crore in the year-ago quarter. The company's operational revenue rose 87.36 per cent to Rs 356.84 crore in the September 2022 quarter against Rs 190.46 crore a year ago, BLS International said in a release. For the first half of 2022-23, its net profit surged 71.22 per cent to Rs 81.69 crore. Revenues grew 70.64 per cent to Rs 629.66 crore. "Our second quarter performance has been in line with expectations. We are seeing good growth coming in from our visa and consular services as well as e-Governance and banking correspondence businesses. "We are well above pre-COVID levels, and once business recovers from key markets such as China and Russia, the ongoing growth from t

In the past six months, the stock price of BLS International soared 150 per cent, as against 5 per cent gain in the benchmark index.

Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Nomura Singapore Ltd bought 12,50,000 shares of the company at an average price of Rs 214 apiece, aggregating to Rs 26.75 crore. Shares of BLS International Services closed 1.25 per cent higher at Rs 211 on NSE.

BLS international now becomes the largest business correspondent (BC) network in India. The stock has rallied 66 per cent in the last three months.

The company has fixed May 17, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus equity shares in the ratio of 1:1

On September 2, BLS Intl had signed a contract with The Republic of Philippines Department of Foreign Affairs to provide ePassport Renewal services initially starting with Italy, Qatar and Malaysia

Spain, Brazil, Lebanon, Cyprus, and Portugal are some of the other countries

The weekly chart of Thomas Cook shows a consolidation breakout above Rs 40, indicating a positive outlook from a medium-term scale

GMO Emerging bought 1.05 million shares of the company at Rs 177 per share.