BLS E-Services Q2 FY27 Results: Consolidated Net Profit ₹20.54 Crore on Total Income of ₹428 Crore
- Earnings
- digital services
Reviewed byKeshav SehgalBlacklitt Research
BLS E-Services (NSE: BLSE) reported consolidated total income of ₹428.12 crore and net profit of ₹20.54 crore for the quarter ended 30 Sep 2026, and standalone total income of ₹29.00 crore and net profit of ₹4.25 crore, it said in a filing on 02 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹428.12 crore, up 55.1% YoY and 38.2% QoQ
- Net profit and EPS: ₹20.54 crore, up 12.4% YoY; basic EPS ₹0.96 against ₹0.85
- Acquisition: Atyati Technologies included from 2 Jul 2026, not comparable with previous periods
- Depreciation: ₹5.86 crore, against ₹1.51 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹29.00 crore, up 5.2% YoY and 36.7% QoQ
- Net profit and EPS: ₹4.25 crore, down 14.8% YoY; basic EPS ₹0.23 against ₹0.28
- Other income: ₹0.50 crore, against ₹3.76 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 428.12 | 276.05 | +55.1% | 309.75 | +38.2% | |
| Revenue from operations | 424.44 | 269.75 | +57.3% | 304.09 | +39.6% |
| Other income | 3.68 | 6.29 | -41.5% | 5.66 | -35.0% |
| 20.54 | 18.28 | +12.4% | 18.63 | +10.3% | |
| Profit before tax | 26.42 | 24.59 | +7.4% | 25.31 | +4.4% |
| Finance costs | 0.17 | 0.19 | -8.8% | 0.14 | +19.6% |
| Depreciation | 5.86 | 1.51 | +287.2% | 1.43 | +310.2% |
| Tax expense | 5.87 | 6.31 | -7.0% | 6.68 | -12.1% |
| Net profit margin | 4.80% | 6.62% | -1.82 pp | 6.01% | -1.21 pp |
| EPS, basic (₹) | 0.96 | 0.85 | +12.9% | 0.84 | +14.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income rose 55.1% YoY to ₹428.12 crore, while net profit rose 12.4% to ₹20.54 crore. Revenue from operations, at ₹424.44 crore, grew 57.3%, and other income fell 41.5% to ₹3.68 crore. Other income was 0.9% of total income this quarter.
Profit before tax rose 7.4% to ₹26.42 crore, and tax expense fell 7.0% to ₹5.87 crore, so the tax expense is 22.2% of profit before tax. Net profit grew faster than profit before tax, and tax was lower than a year earlier.
Depreciation rose from ₹1.51 crore to ₹5.86 crore, while finance costs were ₹0.17 crore. The filing says Atyati Technologies Private Limited was acquired on 2 Jul 2026 for ₹145.83 crore net of contingent consideration, and that consolidated results include it from that date and are not comparable with previous periods. The share of profit attributable to owners of the company was ₹17.36 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 29.00 | 27.58 | +5.2% | 21.22 | +36.7% | |
| Revenue from operations | 28.50 | 23.82 | +19.6% | 18.58 | +53.4% |
| Other income | 0.50 | 3.76 | -86.7% | 2.64 | -81.0% |
| 4.25 | 4.98 | -14.8% | 3.44 | +23.6% | |
| Profit before tax | 5.72 | 6.64 | -13.9% | 4.64 | +23.3% |
| Finance costs | 0.04 | 0.01 | +221.6% | 0.08 | -55.7% |
| Depreciation | 0.53 | 0.20 | +163.9% | 0.45 | +17.2% |
| Tax expense | 1.47 | 1.66 | -11.2% | 1.20 | +22.4% |
| Net profit margin | 14.64% | 18.06% | -3.42 pp | 16.19% | -1.55 pp |
| EPS, basic (₹) | 0.23 | 0.28 | -17.9% | 0.19 | +21.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 5.2% YoY to ₹29.00 crore, but net profit fell 14.8% to ₹4.25 crore, more than the 13.9% fall in profit before tax to ₹5.72 crore. Revenue from operations rose 19.6% to ₹28.50 crore, while other income fell from ₹3.76 crore to ₹0.50 crore, so other income was 8.7% of profit before tax.
Tax expense was ₹1.47 crore, 25.8% of profit before tax. The filing does not give the reason for the fall in standalone other income.
Consolidated net profit of ₹20.54 crore is ₹16.29 crore higher than the standalone figure of ₹4.25 crore.
The filing says the auditors' limited review of the consolidated statement includes one subsidiary, with total assets of ₹3.45 crore, that was not reviewed by them and is certified by management; the auditors say this is not material to the group.
Inference
The filing says the board of Atyati Technologies approved a Business Transfer Agreement with TVAM Technologies Private Limited for the sale of its Joint Liability Group-Financial Lending Business on a going concern basis through a slump sale, subject to lender and regulatory approvals.
The company sub-divided each equity share of face value ₹10 into two of ₹5 each after the quarter, and restated EPS.
The price or terms of the TVAM sale, and the expected timing and effect of the Atyati business transfer on results, are not stated in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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