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Bluspring Enterprises Results: Latest Quarterly Results & Analysis

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Bluspring Enterprises Ltd. 03 Aug 2026 12:39 PM
Result PDF

Q1FY27 Quarterly Result Announced for Bluspring Enterprises Ltd.

Commercial Services company Bluspring Enterprises announced Q1FY27 results

Consolidated Financial Highlights:

  • The Revenue from Operations for the Company in Q1FY27 reached Rs 9,492.89 million, representing a YoY increase of 19.07% from Rs 7,972.30 million in Q1FY26 and a QoQ growth of 9.77% compared to Rs 8,647.98 million in Q4FY26.
  • Total Income for Q1FY27 was reported at Rs 9,546.60 million, showing a YoY growth of 19.62% against Rs 7,980.97 million in Q1FY26 and a QoQ increase of 9.56% from Rs 8,713.88 million in Q4FY26.
  • Profit before exceptional items and tax for Q1FY27 stood at Rs 23.62 million, compared to a loss of Rs 72.37 million in Q1FY26 and a profit of Rs 134.31 million in Q4FY26.
  • Profit before tax for Q1FY27 was Rs 23.62 million, as against a loss of Rs 85.08 million in Q1FY26 and a profit of Rs 79.56 million in Q4FY26.
  • The Company reported a Net Loss of Rs 15.81 million in Q1FY27, marking a narrowing of losses compared to a loss of Rs 71.54 million in Q1FY26, while recording a decline from a Net Profit of Rs 38.27 million in Q4FY26.
  • Total Comprehensive Loss for Q1FY27 stood at Rs 90.24 million, compared to a loss of Rs 140.23 million in Q1FY26 and Rs 0.16 million in Q4FY26.
  • The Basic and Diluted Earnings Per Share (EPS) for Q1FY27 was reported at negative Rs 0.03, compared to negative Rs 0.32 in Q1FY26 and Rs 0.28 (Basic) / Rs 0.27 (Diluted) in Q4FY26.

Standalone Financial Highlights:

  • The Revenue from Operations for Q1FY27 was Rs 5,975.98 million, up 10.59% YoY from Rs 5,403.73 million in Q1FY26 and up 0.38% QoQ from Rs 5,953.26 million in Q4FY26.
  • Total Income reached Rs 6,011.34 million in Q1FY27, marking a YoY growth of 10.71% from Rs 5,429.69 million in Q1FY26 and a QoQ increase of 0.38% from Rs 5,988.82 million in Q4FY26.
  • Profit before tax for Q1FY27 stood at Rs 53.17 million, compared to a loss of Rs 8.81 million in Q1FY26 and a profit of Rs 222.28 million in Q4FY26.
  • Net Profit for Q1FY27 was reported at Rs 39.69 million, representing a YoY growth of 205.54% from Rs 12.99 million in Q1FY26, while recording a QoQ decline of 81.76% from Rs 217.55 million in Q4FY26.
  • Total Comprehensive Income for Q1FY27 was Rs 9.53 million, as against a loss of Rs 29.70 million in Q1FY26 and a profit of Rs 149.70 million in Q4FY26.
  • The Standalone EPS for Q1FY27 was reported at Rs 0.27 (Basic) and Rs 0.26 (Diluted).

Business Highlights:

  • Segment Wise Performance:
    • Facility Management and Food Services: Revenue stood at Rs 5,202.70 million in Q1FY27, compared to Rs 4,764.64 million in Q1FY26. Segment results (profit) was Rs 237.24 million in Q1FY27.
    • Smart Infra, Energy and Engineering: Revenue reached Rs 2,228.68 million in Q1FY27, compared to Rs 1,518.82 million in Q1FY26. Segment results (profit) was Rs 206.72 million in Q1FY27. This segment has been renamed from "Telecom and Industrials" effective 1 April 2026.
    • Security Services: Reported revenue of Rs 1,867.13 million in Q1FY27, compared to Rs 1,489.64 million in Q1FY26. Segment results (profit) was Rs 51.70 million in Q1FY27.
    • Foundit: Revenue stood at Rs 194.38 million in Q1FY27, compared to Rs 199.20 million in Q1FY26. The segment recorded a loss of Rs 146.94 million in Q1FY27.
  • Completed Acquisition: During Q1FY27, Bluspring New Horizon One Private Limited (a wholly owned subsidiary) completed the acquisition of STEAG Energy Services (India) Private Limited ("SESI") on 20 May 2026 for a consideration of Rs 1,803.03 million. The acquisition was funded via a term loan facility of Rs 1,750.00 million.
  • Proposed Acquisition: On 13 April 2026, Bluspring New Horizon Two Private Limited entered into a definitive agreement to acquire a 100% stake in LSG Sky Chefs (India) Private Limited ("LSG India") for an enterprise value of Rs 1,290.00 million.
  • ESOP Trust: The Company set up a trust "Bluspring ESOP Trust" on 28 April 2026 to administer the Bluspring Enterprises Limited - Employee Stock Option Scheme 2026.
  • Segment Allocation: The Company has refined the "management approach" as defined in Ind AS 108 - Operating Segments, where the Chief Operating Decision Maker evaluates Group performance and allocates resources based on various performance indicators by business segments.

Kamal Pal Hoda, Executive Director & CEO, said: “The previous financial year as a listed company was a year of reset and renewal with considerable bandwidth being spent on building a strong foundation. We have now reached an inflection point to deliver market-leading growth. The integration of STEAG India and our planned acquisition of LSG Sky Chefs India are strengthening our scale and capabilities, and opening new growth avenues. Despite a seasonally softer quarter, we delivered a 20% year-on-year growth in revenues, 48% year-on-year growth in EBITDA and 47% year-on-year growth in PAT, reflecting the resilience of our core businesses and the disciplined execution of our strategy. With a strong leadership team, favorable industry tailwinds, and integrated offerings, we remain focused on synergy realization from our recently acquired businesses, deleveraging, and creating sustainable long-term value for all our stakeholders."

Result PDF

Result PDF

Commercial Services company Bluspring Enterprises announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income: Total Income for Q4FY26 stood at Rs 8,713.88 million, reflecting a QoQ increase of 0.78% compared to Rs 8,646.55 million in Q3FY26, and a YoY growth of 8.66% against Rs 8,019.23 million in Q4FY25. For FY26, the Total Income was Rs 33,969.07 million, marking a YoY decline of 2.63% from Rs 34,886.86 million in FY25.
  • Revenue from Operations: Revenue in Q4FY26 reached Rs 8,647.98 million, up 0.26% QoQ from Rs 8,625.30 million in Q3FY26 and up 7.90% YoY from Rs 8,015.06 million in Q4FY25. For FY26, it was Rs 33,820.34 million against Rs 34,835.72 million in FY25 (a YoY decrease of 2.91%).
  • Profit/(Loss) Before Exceptional Items and Tax: The company reported a profit of Rs 134.31 million in Q4FY26, displaying a substantial QoQ growth of 249.04% from Rs 38.48 million in Q3FY26, and a strong rebound from a loss of Rs 142.32 million in Q4FY25. For FY26, it stood at Rs 122.01 million compared to a loss of Rs 16.33 million in FY25.
  • Net Profit/(Loss) for the Period (PAT): In Q4FY26, PAT turned positive to Rs 38.27 million, recovering significantly from a net loss of Rs 232.34 million in Q3FY26 and a net loss of Rs 232.40 million in Q4FY25. For the full year FY26, the net loss narrowed sharply to Rs 230.40 million compared to a net loss of Rs 1,791.22 million in FY25.

Standalone Financial Highlights:

  • Total Income: For Q4FY26, Standalone Total Income came in at Rs 5,988.82 million, a QoQ growth of 0.79% from Rs 5,942.08 million in Q3FY26, and a YoY growth of 9.99% from Rs 5,444.99 million in Q4FY25. For FY26, Total Income was Rs 23,237.82 million, slightly down by 0.45% YoY compared to Rs 23,342.96 million in FY25.
  • Revenue from Operations: Standalone Revenue in Q4FY26 was Rs 5,953.26 million, growing 0.65% QoQ from Rs 5,914.52 million in Q3FY26 and rising 10.00% YoY from Rs 5,412.01 million in Q4FY25. FY26 standalone revenue stood at Rs 23,117.63 million versus Rs 23,223.75 million in FY25.
  • Net Profit/(Loss) for the Period (PAT): Standalone PAT for Q4FY26 showed an impressive turnaround, registering a profit of Rs 217.55 million against a loss of Rs 124.13 million in Q3FY26 and a loss of Rs 133.06 million in Q4FY25. For FY26, Standalone PAT stood at Rs 167.99 million, successfully rebounding from a heavy loss of Rs 824.78 million in FY25.

Segment-wise Performance:

  • Facility Management and Food Services: Revenue for Q4FY26 was Rs 5,194.36 million, reflecting a slight QoQ decrease of 0.35% from Rs 5,212.65 million in Q3FY26, but an increase of 9.64% YoY from Rs 4,737.76 million in Q4FY25. FY26 segment revenue contributed Rs 20,308.80 million.
  • Telecom and Industrials: Revenue for Q4FY26 was Rs 1,574.02 million, registering a QoQ growth of 4.54% against Rs 1,505.71 million in Q3FY26, and a YoY decline of 2.49% compared to Rs 1,614.18 million in Q4FY25. FY26 segment revenue stood at Rs 6,150.60 million.
  • Security Services: Revenue for Q4FY26 stood at Rs 1,691.72 million, marking a QoQ decline of 2.00% from Rs 1,726.21 million in Q3FY26 and a robust YoY growth of 14.70% from Rs 1,474.86 million in Q4FY25. FY26 segment revenue was Rs 6,585.36 million.
  • Foundit: Revenue for Q4FY26 was Rs 187.88 million, up 3.96% QoQ from Rs 180.73 million in Q3FY26, and almost flat YoY with a marginal decline of 0.20% from Rs 188.26 million in Q4FY25. FY26 segment revenue was Rs 775.58 million.

Business Highlights:

  • Proposed Acquisition of STEAG Energy Services (India) Private Limited ("SESI"): Bluspring New Horizon One Private Limited (a wholly owned subsidiary) entered into a definitive agreement to acquire a 100% share capital of SESI for a total consideration of Rs 1,800.00 million.
  • Proposed Acquisition of LSG Sky Chefs (India) Private Limited ("LSG India"): Bluspring New Horizon Two Private Limited (a wholly owned subsidiary) signed a definitive agreement to acquire a 100% stake in LSG India. The total consideration is based on an enterprise value of Rs 1,290.00 million, subject to customary adjustments.
  • Acquisition of Business (Archer and Astrin): The conditions stated in the Business Transfer Agreement (BTA) for the purchase of the food catering and facility management services business of Archer Integrated Services and Astrin Traders and Supplies were satisfied. The transaction was completed for a final consideration of Rs 105.44 million, recognizing an operational synergy goodwill of Rs 20.55 million.

Kamal Pal Hoda, Executive Director & CEO, said: “FY26 was a defining year for Bluspring as we strengthened our business each quarter following the demerger and built a strong foundation for long-term growth. Our efforts were focused on deepening leadership strength, advancing systems, and scaling our sales engine.

We delivered 11% YoY revenue growth, alongside 10% growth in EBITDA and 27% growth in adjusted PAT, excluding the one-time labour code impact. Importantly, the quality of our growth improved through the year. We exceeded our EBITDA margin guidance of 4%, delivering a Q4 EBITDA margin of 4.2%. This reflects the operational discipline and execution focus that continues to strengthen our business fundamentals. Our capital allocation framework and return metrics are also moving in the right direction, giving us the confidence to pursue disciplined inorganic expansion opportunities aligned with our long-term strategy. We are also actively working towards an EBITDA break even for Q4 for the foundit business."

Result PDF

Commercial Services company Bluspring Enterprises announced Q2FY26 results

  • Revenue for Q2FY26 Rs 837 crore | 14% YoY | 8% QoQ.
  • EBITDA for Q2FY26 Rs 29 crore | 1% YoY | 22% QoQ.
  • EBITDA margin rises by 41 bps QoQ to 3.5%.
  • PAT for Q2FY26 Rs 16 crore | 19% YoY | 38% QoQ.
  • 90,000 Headcount | 5% YoY | 3% QoQ.

Kamal Pal Hoda, Executive Director & CEO, said: “We delivered a robust quarter of 14% YoY growth in revenues alongside a 19% increase in Adj. PAT with margins improving by 43 bps sequentially this quarter. Our leadership investments and improved operational efficiencies are now reflected in margin expansion and client additions. With 37 new clients onboarded at better margins and reduced client mobilization time, we expect these trends to continue driving robust growth and profitability."

Result PDF

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