Bluspring Enterprises reported a 49 per cent year-on-year increase in revenue to Rs 12.5 billion in Q2 FY27, while EBITDA rose 130 per cent to Rs 670 million. Profit after tax (PAT) increased 95 per cent to Rs 320 million. The financial results exclude the company's investment in foundit.

EBITDA margin expanded by 188 basis points to 5.4 per cent, compared with 3.5 per cent in Q2 FY26. Profit before tax rose 159 per cent to Rs 390 million, while diluted earnings per share increased 88 per cent to Rs 2.10.

For the half year ended 30 September 2026, revenue grew 35 per cent to Rs 21.8 billion. EBITDA increased 93 per cent to Rs 1.02 billion, while PAT rose 76 per cent to Rs 480 million. The company reported an EBITDA margin of 4.7 per cent for the period, against 3.3 per cent a year earlier.

Commenting on the performance, Kamal Pal Hoda, Executive Director and CEO, Bluspring Enterprises, said the growth in revenue was translating into stronger earnings. He attributed the performance to the company's expanded presence in the energy and engineering segments, supported by the acquisition of STEAG India, and its entry into aviation catering through the acquisition of LSG Sky Chefs India. The company is focusing on integrating its recent acquisitions, expanding cross-selling opportunities and improving returns.

Segment performance

The Facility and Food Services segment reported Q2 revenue of Rs 6.01 billion, up 17 per cent year-on-year, and EBITDA of Rs 290 million, with a margin of 4.7 per cent. It added 21 contracts during the quarter, with an annual contract value (ACV) of Rs 780 million. The acquisition of LSG Sky Chefs India marked the company's entry into aviation catering.

Security Services recorded revenue of Rs 2.01 billion, an increase of 20 per cent, and EBITDA of Rs 60 million. The segment added 20 clients with an ACV of Rs 300 million. Its man-guarding workforce grew 11 per cent to more than 25,700.

The Smart Infrastructure, Energy and Engineering segment reported revenue of Rs 4.49 billion, up 189 per cent year-on-year, and EBITDA of Rs 490 million, with a margin of 10.9 per cent. It secured 16 new contracts during the quarter, with an ACV of Rs 6.41 billion.

The foundit business, which is excluded from the headline financial performance, reported revenue of Rs 220 million, up 5 per cent year-on-year. Its EBITDA loss, excluding employee stock option (ESOP) costs, narrowed to Rs 120 million from Rs 140 million in the previous quarter. Sales increased to Rs 300 million from Rs 250 million in Q1 FY27.

For H1 FY27, Facility and Food Services recorded revenue of Rs 11.21 billion, up 13 per cent, while Security Services revenue rose 22 per cent to Rs 3.87 billion. Smart Infrastructure, Energy and Engineering reported revenue of Rs 6.72 billion, an increase of 119 per cent. The foundit business recorded revenue of Rs 410 million and an EBITDA loss of Rs 260 million.

Bluspring Enterprises operates across facilities management, food and hospitality, security, engineering, smart infrastructure and energy services. It has a workforce of over 100,000 across 28 states and serves more than 1,000 customers across sectors including healthcare, education, banking and financial services, IT, manufacturing and government.