One of the e-services stocks provides business correspondence services to major banks in India, Assisted E-Services, and E-Governance Services. The stock has jumped to an intraday high of 12.99 percent after the results announcement. The company’s revenue increased by 2.44% QOQ to Rs. 77.16 crore, and net profit increased by 63.01% YOY to Rs. 14.85 crore.
Stock Movement
After announcing its quarterly results, BLS E-Services Limited’s share has jumped by 12.99 percent to an intraday high of Rs. 249 from the previous close of Rs. 220.36. The stock opened at Rs. 221.25 and is currently trading at Rs. 223.87. The market capitalization now stands at approximately Rs. 2,034 crore.
Q2 FY25 Result Walkthrough
Coming into the financial analysis of BLS E-Services Limited, the company’s consolidated revenue from operations decreased by 4.55 percent YOY, from Rs. 80.84 crore in Q2 FY24 to Rs. 77.16 crore in Q2 FY25, and up by 2.44 percent QoQ from Rs. 75.35 crore in Q1 FY25.
In Q2 FY25, BLS E-Services Limited’s consolidated net profit increased by 63.01% YOY, reaching Rs. 14.85 crore compared to Rs. 9.11 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 17.48 percent, from Rs. 12.64 crore.
The basic earnings per share of the company increased by 24.41% and stood at Rs 1.58 as against Rs 1.27 recorded in the previous quarter FY25.
In terms of return ratios, BLS E-Services Limited’s share ROE and ROCE are currently at 11.6 percent and 16.5 percent, respectively. Pakka Limited has a debt-to-equity ratio of 0.02x, which shows the company is almost debt-free.
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Shareholding Pattern
In September 2024, BLS E-Services Limited had a majority stake held by the promoters at 68.89 percent, foreign institutional investors at 1.42 percent, domestic institutional investors at 0.01 percent, and the public at 29.68 percent.
Company Overview
BLS E-Services Limited was established in April 2016 and is a prominent digital service provider in India. The company specializes in business correspondent services for major banks, assisted e-services, and e-governance initiatives. It operates through a vast network of BLS touchpoints, enabling access to essential public services across urban, semi-urban, and rural areas.
BLS E-Services Limited delivers technology-enabled services across 28 states through its robust integrated network. BLS empowers communities by delivering healthcare, financial, educational, and agricultural services through their digital platform. Its network serves government agencies, businesses, and citizens through convenient access points in remote regions.
Written By – Nikhil Naik
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