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.

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