BLS E-Services Crosses Rs 10 bn Revenue Mark in FY26

21 May 2026 CW Team

BLS E-Services (BLSe) reported consolidated audited results for the year ended 31 March 2026, with total income rising by 109.7 per cent to Rs 11.43 bn and quarter income up 34.1 per cent to Rs 3.29 bn. Revenue from operations for the year reached Rs 11.18 bn, an increase of 115.2 per cent year on year.

EBITDA for FY26 was approximately Rs 1.0 bn, up 16.0 per cent from the previous year, while operating EBITDA rose to Rs 749 mn, a 23.8 per cent increase. Profit after tax for the year was Rs 693 mn, up 17.8 per cent, and quarterly EBITDA and PAT were Rs 260 mn and Rs 182 mn, respectively. Net cash at 31 March 2026 was Rs 4.04 bn, after acquisition and dividend related payouts.

The board has proposed a final dividend of Rs zero point five per equity share, taking the total annual dividend to Rs one per equity share and representing a payout equal to ten per cent of face value. The board recommended the dividend, subject to shareholder approval. This reflects the company's focus on enhancing shareholder value amid expansion.

Gross transaction value for the year exceeded Rs 1.11 tn, up 27.3 per cent year on year, driven by growth in the business correspondent and loan distribution businesses. Loan leads for financial institutions totalled about Rs 368 bn in FY26 compared with Rs 117 bn in FY25. Quarterly GTV amounted to approximately Rs 310 bn against Rs 270 bn in the year-earlier quarter.

Operational progress included onboarding as an Agent Institution by Bharat Connect and State Bank of India for nationwide bill payment services, scaling the eMitra project across Rajasthan and partnerships with Tyger Capital group entities to source loan products for MSMEs and affordable housing. The company described its asset-light and scalable model and a network of 155,000 touchpoints, including 45,800 channel service partners, as key enablers of growth and said a healthy cash balance will support organic and inorganic expansion plans.

Infrastructure Transport

10 Jun 2026

Pathankot–Jogindernagar Rail Service Resumes After Four Years

The Pathankot–Jogindernagar rail service resumed on Tuesday, 9 June 2026, restoring a direct link between Pathankot in Punjab and Jogindernagar in Himachal Pradesh after four years. The service had been suspended following infrastructure work and rehabilitation, and the resumption marks the restoration of regular connectivity along the hill route. Railway officials said the reopening followed a phased programme of repairs and targeted maintenance across vulnerable sections of the line. Officials said the restarted services will cater to commuters, local traders and tourists who rely on rail ..

Railways Approves Rs 2.38 Billion Safety Upgrade on Jammu Katra Route

The Railway Board approved a Rs 2.38 billion (bn) safety upgrade for the Jammu Katra rail section. The allocation of Rs 2.38 bn will be deployed to strengthen safety infrastructure along the route. The decision follows a review of corridor safety needs and aligns with a wider effort to modernise key regional links. The Jammu Katra corridor serves a high volume of passenger traffic, including pilgrimage travel to the town of Katra which is a gateway to a major shrine. The project is expected to address operational risks and improve reliability for commuters and visitors. Seasonal surges in dema..

Rayagada Railway Division Begins Operations Under ECoR

The newly created Rayagada Railway Division of the East Coast Railway (ECoR) commenced operations on Monday and is led by Indian Railway Service of Electrical Engineers (IRSEE) officer Amitabh Singhal. ECoR said Singhal has been associated during his long railway career with several landmark rolling stock initiatives, including the Vande Bharat Express project, and will lead the division supported by officers and railway staff in strengthening operations, infrastructure development and service delivery across the region. The Ministry of Railways formally notified the creation of the Rayagada D..