BLS International Declares Record 200% Interim Dividend on Back of Strong Q3 Growth; Profit Jumps 33%

Bengaluru: BLS International Services Limited has announced its highest-ever Interim Dividend of ₹2.0 per equity share—amounting to a 200 percent payout on face value—as the company delivered robust financial results in the third quarter of fiscal year 2026. The total dividend outlay of ₹82.35 crore reflects both strong cash generation and a sustained commitment to shareholder returns, even as the company continues to expand its global footprint in technology-driven citizen services.

The announcement, made following the company’s Q3FY26 earnings release, comes at a time when BLS International is seeing accelerated growth across its core business segments. The record payout is also being read by analysts as a signal of management’s confidence in the company’s long-term earnings visibility and its ability to balance aggressive expansion with consistent capital returns.

Revenue Crosses ₹736 Crore, Net Profit Surges 33%

BLS International reported consolidated revenue of ₹736 crore for the quarter ended December 31, 2025—a year-on-year increase of 43.6 percent. The growth was driven by strong execution in both the Visa & Consular Services and Digital Services verticals, the company said in its earnings disclosure.

EBITDA for the quarter grew 25.3 percent year-on-year, while Profit After Tax (PAT) rose 33.1 percent to ₹170 crore. Company officials attributed the margin performance to operational efficiencies and disciplined cost management, even as the business scaled up operations across multiple international markets.

For the nine-month period ending December 2025, the company’s financial performance nearly matched its full-year FY25 figures, indicating a sharp acceleration in business momentum.

‘Confidence in Long-Term Strategy’

The dividend declaration—₹2.0 per share on face value of ₹1—marks the highest interim payout in the company’s history. It also comes just months after BLS International secured multiple contract renewals and strategic wins in Europe, the Middle East, and Asia.

Mr. Shikhar Aggarwal, Joint Managing Director of BLS International Services Ltd., said the company’s performance reflected both execution strength and strategic clarity.

“The company has concluded the 9MFY26 period with a consistent and resilient performance, nearly aligning the full-year FY25 financial performance on both the topline and bottom-line,” Mr. Aggarwal said. “Further, Q3FY26 was a particularly strong quarter for the company, as revenue growth of 43.6 percent YoY was driven by sustained momentum across our both the Visa & Consular Services and Digital Services segments.”

He added: “The declaration of our highest-ever Interim Dividend of ₹2.0 per equity share—equivalent to a 200 percent payout for our shareholders—reflects our strong operational and financial performance, healthy cash flows, and confidence in our long-term growth strategy.”

Balanced Capital Allocation in Focus

While the company has rewarded shareholders with a record payout, it has simultaneously maintained investment in what it describes as “scalable, future-ready digital public infrastructure.” This includes technology-led platforms for visa processing, e-governance solutions, and consular services.

The dual focus—returning capital to shareholders while continuing to invest in growth—reflects a balanced capital allocation approach that the company says it intends to sustain.

BLS International has, over the past 18 months, expanded its presence in high-growth markets, including recent contract wins in Africa and Southeast Asia. The company is also deepening its use of artificial intelligence and automation in citizen-facing services, a move expected to improve both turnaround times and margins.

Context and Outlook

The latest earnings and dividend announcement place BLS International among a select group of mid-cap services firms that have consistently increased shareholder payouts even as they scale operations internationally. The company operates in over 60 countries and serves as a key outsourcing partner for diplomatic missions and government agencies.

With a strong balance sheet and healthy cash flows, the company appears well-positioned to pursue further global expansion while maintaining its dividend track record. However, analysts note that sustained growth will depend on the company’s ability to replicate its Q3 performance across subsequent quarters amid geopolitical uncertainties that often impact visa and consular volumes.

For now, the management remains focused on execution. “We continue to strengthen our global footprint through strategic contract wins, renewals, and technology-led initiatives,” Mr. Aggarwal said, “positioning the company for sustained growth across international markets and citizen-centric services, while consistently delivering value to our shareholders.”