BLS International reports Q1 profit of Rs 22 crore

New Delhi: Consular and visa process outsourcing firm BLS International reported a net profit of Rs 21.91 crore for the quarter ended June 2019 down from Rs 34.03 crore in the corresponding period of the previous financial year.

The company's total income for the quarter ended June 30, 2019 stood at Rs 229.99 crore compared to Rs 202.22 crore for the same period of the last financial year. The company said during the period under review it signed a partnership with the embassy of Lebanon to accept visa applications in India, Bangladesh, Thailand and Nepal and also to handle the ‘Attestation and Legalisation Services’. BLS International said it also opened 16 centres across India, covering major hubs as well as growing regional cities.

Shikhar Aggarwal, joint managing director of BLS International said the company has increased its footprints by opening 16 centres across key metros and regional cities for the Embassy of Lebanon in India.


BLS International's Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) was Rs 30.23 crore during the period under review.