BLS E-Services Limited (BLSe), a technology-enabled digital service provider, has reported a sharp growth in its Q1FY26 results, driven by business expansion and acquisitions.
The company’s consolidated total income rose 205.3% year-on-year to ₹251.2 crore, compared to ₹82.3 crore in Q1FY25. Profit After Tax (PAT) grew 38.7% to ₹17.5 crore, reflecting continued profitability despite higher scale. EBITDA stood at ₹24.9 crore, up 33.5% YoY.
During the quarter, BLS signed a definitive agreement with Sub-K Impact Solutions Ltd to acquire Customer Service Points (CSPs) of SBI and HDFC Bank across Andhra Pradesh, Telangana, Rajasthan, Maharashtra, Odisha, and Karnataka. The ₹6.5 crore transaction, subject to approvals, will strengthen its financial inclusion network.
BLS expanded its presence with 1,44,000+ touchpoints and 45,000+ CSPs, handling over ₹26,200 crore in gross transactions, including ₹7,200 crore in loans. Strategic partnerships with Bajaj Finserv and HDFC Bank, rollout of MicroATMs, ReKYC services, CSP Plus model in Odisha, and the focus on women CSPs boosted outreach.
Beyond financial services, the company launched a digitization project for Sub-Registrar offices in Chhattisgarh, started Aadhaar enrolments in Rajasthan, and partnered with Delhivery for nationwide courier services.
Chairman Shikhar Aggarwal said the results reaffirm BLS’s scalable business model and commitment to empowering communities through technology.
Recently, the company also received accolades including the Times Business Award for Financial Inclusion and the BW Fintech Award 2025 – Financial Inclusion Fintech of the Year.