Bengaluru : Bluspring Enterprises Limited [NSE: BLUSPRING, BSE: 544414], India’s leading infrastructure management services companies, today announced its financial results for the first quarter of FY 2025-26, ended June 30, 2025.
Q1 FY26 Highlights
- Revenue at ₹777 cr (+13% Y-o-Y / -1% Q-o-Q)
- EBITDA at ₹24 cr (-11% Y-o-Y / -4% Q-o-Q)
- Adj. PAT at ₹13 cr (-5% Y-o-Y / +14% Q-o-Q)
- Investments (foundit) revenue at ₹20 cr with an operational EBITDA of ₹(16) cr
| Particulars (in ₹ Cr.) | Quarter Ended | ||||
| Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ | |
| Revenue | 777 | 687 | 13% | 783 | (1%) |
| Reported EBITDA | 24 | 27 | (11%) | 25 | (4%) |
| Reported EBITDA% | 3.1% | 3.9% | (83 bps) | 3.2% | (10 bps) |
| Profit before Tax | 11 | 15 | (31%) | 8 | 34% |
| PBT Margin | 1.4% | 2.2% | (88 bps) | 1.0% | 35 bps |
| PAT | 12 | 14 | (14%) | 5 | 123% |
| PAT Margin | 1.5% | 2.0% | (49 bps) | 0.7% | 85 bps |
| Adj. PAT | 13 | 14 | (5%) | 11 | 14% |
| Adj. PAT Margin | 1.7% | 2.0% | (33 bps) | 1.4% | 32 bps |
| Diluted EPS – Rs | 0.8 | 0.9 | (14%) | 0.4 | 123% |
| Adj. Diluted EPS – Rs | 0.9 | 0.9 | (5%) | 0.8 | 14% |
Note: The financial highlights and performance exclude investments.
Commenting on the performance, Executive Director & CEO, Kamal Pal Hoda said,
“We are pleased to report a steady start to FY26, with robust revenue of ₹777 crore and EBITDA of ₹24 crore (excluding investments), driven by disciplined execution and continued strength across our core businesses. While Facility & Food Services and Telecom & Industrial Services delivered double-digit Y-o- Y revenue growth on the back of healthy demand and strong execution, Security Services maintained a stable trajectory with 8% growth. Given the inherent seasonality in our high-margin businesses, particularly in the first quarter for Telecom and Food Services, we saw a decline in EBITDA margins. We also continued our investments in scaling foundit, as we remain confident in its potential to emerge as a profitable recruitment platform in the medium term.
As we advance through our first year of operations, we are intensifying our focus on driving sales, enhancing operational efficiency and harnessing technology to deliver deeper impact for our clients. Backed by our seasoned leadership, deep sector expertise, and integrated delivery model, we are well positioned to create long-term value for all our stakeholders. We are committed to building a strong, future-ready brand as India’s leading integrated infrastructure management company”.
Q1 FY26 Segmental Highlights
Ø Facility and Food Services
- Revenue at ₹476 cr with EBITDA at ₹19 cr
- 22 new contracts added with an ACV of ₹73 cr
- Food services witnessed seasonality owing to academic holidays in education sector
Ø Telecom and Industrial Services
- Revenue at ₹152 cr with EBITDA at ₹12 cr
- Seasonality in Telecom business as network roll-out is slower in Q1
- Strong growth momentum in Industrials – added 4 contracts of ₹10 cr ACV
Ø Security Services
- Revenue at ₹149 cr with EBITDA at ₹4 cr
- 21,762 associates, up by 10% on a YoY basis
- Focus on high-margin electronic surveillance systems – launched ‘Smart Homes’ solution
Ø Investments – foundit
- Revenue at ₹20 cr with an operational EBITDA of ₹(16 cr)
- Product revamp on track; sales push and cost optimization benefits to follow
- Strong candidate and recruiter metrics
- Headcount at 87,378, a 4% growth on a YoY basis
