BLS E-Services reported a 38.7% year-on-year rise in profit to ₹17.5 crore for Q1 FY26, with total income more than doubling to ₹251.2 crore, driven by business correspondent growth and the acquisition of Aadifidelis Solutions.
The company’s EBITDA grew 33.5%, supported by operational discipline and service delivery efficiency, according to Chairman Shikhar Aggarwal.
The firm’s network now includes 1.44 lakh+ touchpoints and 45,000+ CSPs, with a gross transaction value of ₹26,200 crore in the quarter, including ₹7,200 crore in loan distribution.
BLS E-Services on Monday reported a 38.7% increase in its profit after tax to ₹17.5 crore during the quarter ending June 2025.
Its profit after tax (PAT) stood at ₹12.6 crore during the April-June quarter of 2024-25.
In the first quarter of the current fiscal, BLS E-Services said, its consolidated total income more than doubled to ₹251.2 crore against ₹82.3 crore in the year-ago period.
This significant growth was primarily driven by the expanded scale of the business correspondent segment and the strategic acquisition of Aadifidelis Solutions, it said in a stock exchange filing.
"Our focus on operational discipline and value-led service delivery also led to an EBITDA growth of 33.5%, while our PAT increased by 38.7% year-on-year, reaffirming the scalability and strength of our platform," BLS E-Services Chairman Shikhar Aggarwal said.
At the end of the quarter, the company's network comprised over 1,44,000 touchpoints and 45,000+ Customer Service Points (CSPs) within the business correspondent segment.
"The business witnessed gross transaction value of over ₹26,200 crore during the quarter, which includes loan distribution of approximately ₹7,200 crore," the company said.
It further said the company expanded its partnerships by signing up with Bajaj Finserv for EMI Cards and rolling out new loan types with HDFC Bank, enhancing financial accessibility for customers.
BLS E-Services, a subsidiary of BLS International, offers a diverse range of services that encompass Business Correspondent (BC/ Rural Banking Outlets) services, Assisted E-services, and E-Governance Services.
