BLS international Services Ltd. conducted Q1 FY23 con call on 8 August 2022.
Here are the key highlights of the call ๐๐๐
Here are the key highlights of the call ๐๐๐
โขOverview:
-Quarter performance was better than expected.
-As travel and tourism recovering company is possessing robust growth.
-Company acquired 88.71% stake in Zero Mark pvt. ltd. which has strengthened Business Correspondent(BC) business and has made it largest BC of SBI.
-Quarter performance was better than expected.
-As travel and tourism recovering company is possessing robust growth.
-Company acquired 88.71% stake in Zero Mark pvt. ltd. which has strengthened Business Correspondent(BC) business and has made it largest BC of SBI.
โขFinancials:
-ZMPL has contributed approx. 10cr. during 8th to 13th june and quarterly expectations are 35-40cr. of revenue.
-Revenue increase by 52.7% yoy.
-There is zero debt on company's balance sheet.
-Company has its headquarter in UAE so there tax slabs are low.
-ZMPL has contributed approx. 10cr. during 8th to 13th june and quarterly expectations are 35-40cr. of revenue.
-Revenue increase by 52.7% yoy.
-There is zero debt on company's balance sheet.
-Company has its headquarter in UAE so there tax slabs are low.
-ZMPL account for 5-6% of all bank account, deposit base and aggregate value of transaction of Business Correspondent system in India.
-EBITDA margins were impacted mainly due to acquisition cost and employee cost due to increments and new hiring.
-EBITDA margins were impacted mainly due to acquisition cost and employee cost due to increments and new hiring.
-No incremental cost as company has already upgraded its software so they will be used for deployment of service for new projects.
โขSegmental performance:
-Visa and consular business
~In China and Russia has not recovered yet.
~In visa and consular business growth would come from new clients, new geographies and enhance services.
-Visa and consular business
~In China and Russia has not recovered yet.
~In visa and consular business growth would come from new clients, new geographies and enhance services.
~Focus on value added services which would help in utilising existing network and infra.
-E-governance and Citizen services
~Continue to grow with many new contracts.
~Contributes arround 16-20% of revenue.
-E-governance and Citizen services
~Continue to grow with many new contracts.
~Contributes arround 16-20% of revenue.
~In e-governance company has won 2 new contracts from West Bengal govt and
Karnataka govt.
~Future growth is expected as more country's govt. would outsource.
Karnataka govt.
~Future growth is expected as more country's govt. would outsource.
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