BLS International conducted the conference call for Q4 FY22.
Here are the concall highlights
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Here are the concall highlights
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Business Updates:
โข In visa business, growth would come from, new clients, new geographies and enhance service to existing client.
โข Co. is impanel with SBI, BoB, PNB, CBI and Gramin bank with focus to tie up with more bank.
โข Visa & Counsil business bounced back.
โข In visa business, growth would come from, new clients, new geographies and enhance service to existing client.
โข Co. is impanel with SBI, BoB, PNB, CBI and Gramin bank with focus to tie up with more bank.
โข Visa & Counsil business bounced back.
Business Segment:
โข Only 50% of the visa footfall has been came, but still the business is back to covid level.
โข Majority of contracts, revenue has not received due to war and lockdown in China.
โข Only 50% of the visa footfall has been came, but still the business is back to covid level.
โข Majority of contracts, revenue has not received due to war and lockdown in China.
Starfin:
โข Starfin gives annuity income business with bank giving fixed transaction cost.
โข This was started with SBIN and now 4 more banks are added.
โข Mgmt is looking for new tenders and to add more banks in the system.
โข Starfin gives annuity income business with bank giving fixed transaction cost.
โข This was started with SBIN and now 4 more banks are added.
โข Mgmt is looking for new tenders and to add more banks in the system.
Cash Movement:
โข Company is looking for inorganic growth opportunities in Visa Outsourcing & citizen service (possible by EoY).
โข Co. is working for bigger contracts, where money would be required for investment.
โข Invested in bonds with expected yield of 3.5%
โข Company is looking for inorganic growth opportunities in Visa Outsourcing & citizen service (possible by EoY).
โข Co. is working for bigger contracts, where money would be required for investment.
โข Invested in bonds with expected yield of 3.5%
Margins:
โข Margins of 32-33% was due to cost efficiency and rationalization of cost.
โข Mgmt expect to maintain and it and to improve by 1-2% more.
โข 15% operating margins are sustainable.
โข Margins of 32-33% was due to cost efficiency and rationalization of cost.
โข Mgmt expect to maintain and it and to improve by 1-2% more.
โข 15% operating margins are sustainable.
Other:
โข Net Cash: 400cr
โข Trade Receivable will be decreasing with less dependence on cash flow from government.
โข Implemented Bonus Issue of 1:1
โข Normal CAPEX is 7-10cr. This year, company has change its office & purchase of IT enable system which led to 15cr of CAPEX.
โข Net Cash: 400cr
โข Trade Receivable will be decreasing with less dependence on cash flow from government.
โข Implemented Bonus Issue of 1:1
โข Normal CAPEX is 7-10cr. This year, company has change its office & purchase of IT enable system which led to 15cr of CAPEX.
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