BLS E-Services board approves acquisition of Aadifidelis Solutions

BLS E-Services Limited (formerly known as BLS E-Services Private Limited) and its subsidiaries are leading integrated technology-enabled service providers, providing business correspondent services to major banks in India and other value-added services to the citizens at the grass-roots levels across 28 states in India and e-government services across 5 states in India. We provide access points for the delivery of essential public utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services to governments (G2C) and businesses (B2B) alike, apart from a host of B2C services to citizens in urban, semi-urban, rural, and remote areas.

Purchase agreement for BLS E-Services with ASPL

The Share Subscription and Purchase Agreement amendment pertaining to the Company’s acquisition of equity shares of Aadifidelis Solutions and its Affiliates (ASPL) was approved by the Board of BLS E-Services during its November 4, 2024, meeting. ASPL distributes and processes both secured and unsecured loans for both individuals and businesses. Personal loans, credit cards, home loans, business loans, working capital financing, and loans secured by real estate are among the services that ASPL offers.

The company would buy and invest 57% of ASPL’s share capital for a primary and secondary upfront investment of approximately Rs. 77.85 crore, with further payments due when certain EBITDA milestones are met in FY 2024-2025 and FY 2025-2026.

BLS E-Services’s restricted earnings, profit margin, and net profit

In Q1 2024-2025, BLS E-Services Ltd.’s revenue reached Rs. 82.28 crore, a 7.98% increase over the same period the previous year. Over the past three months, BLS E-Services Ltd. has seen a 4.52% increase in revenue on a quarterly growth basis. In Q1 2024-2025, BLS E-Services Ltd.’s net profit increased 133.27% from the same period the previous year to Rs. 11.99 crore. Over the past three months, BLS E-Services Ltd. has produced a 16.29% increase in net profits on a quarterly growth basis.

The net profit margin of BLS E-Services Ltd. increased by 116.03% from the same period the previous year to 14.57% in the first quarter of 2024–2025. The net profit margins of BLS E-Services Ltd. have increased by 11.26% on a quarterly growth basis over the past three months.

The stock of BLS E-Services Ltd. is up 1% today

The stock of BLS E-Services Ltd. is currently trading at Rs. 216.50 per share, up 1% today, and close to the 52-week low of Rs. 197.82.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.