BLS E-Services net profit grows 12.4 per cent to Rs 20.5 crore
The digital service provider saw total income rise by 55.1 per cent during the July-September quarter, according to the Economic Times.
BLS E-Services recorded a 12.4 per cent year-on-year increase in profit after tax, reaching Rs 20.5 crore in the second quarter of the current fiscal. The company's profit was Rs 18.3 crore during the same period in the previous financial year, the Economic Times reported.
Total income for the July-September period reached Rs 428.1 crore, marking a 55.1 per cent growth compared to the year-ago period. The company stated in a stock exchange filing that steady performance across all business verticals supported this growth.
Operating Ebitda rose to Rs 28.8 crore in the second quarter of FY27, up from Rs 20 crore in the previous year. For the first half of FY27, total income stood at Rs 738 crore, a 40 per cent increase from the year-ago period.
The Business Correspondent segment achieved a Gross Transaction Value exceeding Rs 41,400 crore, compared to Rs 27,300 crore in Q2 FY26. Bank tie-ups for this segment, including loan disbursements, grew to 192 from 144 in the same quarter last year.
Chairman Shikhar Aggarwal said the quarter showed progress in strengthening the company's banking and financial inclusion ecosystem. He noted that empanelment from Punjab & Sind Bank and Chhattisgarh Gramin Bank helped expand opportunities across the Business Correspondent network.