BLS E-Services Continues to Build on the Strong Growth Momentum in Q2 & H1 FY27
FinTech BizNews Service
Mumbai, 03 November, 2026: BLS E-Services Limited (BLSe), a technology-enabled digital service provider, announced its consolidated audited financial results for the quarter ended 30th September 2026.
Speaking about the performance and recent updates, Mr. Shikhar Aggarwal, Chairman, BLS E-Services Ltd. said: “BLS E-Services Limited delivered a strong performance in Q2 FY27, reflecting continued momentum across our key businesses and the increasing scale of our digital and financial inclusion plaGorm. Total Income grew by 55.1% YoY to Rs. 428 Crores, while EBITDA increased by 23.4% YoY to Rs. 32 Crores and Operational EBITDA grew by 43.8% YoY to Rs. 29 Crores. For H1 FY27, Total Income stood at Rs. 738 Crores, registering growth of 40.0% YoY, while EBITDA and Operational EBITDA increased by 15.9% and 32.5% YoY to Rs. 59 Crores and Rs. 50 Crores, respectively.
The quarter also marked continued progress in strengthening our banking and financial inclusion ecosystem. The Company received empanelment from Punjab & Sind Bank and Chhattisgarh Gramin Bank, further strengthening our institutional relationships and expanding opportunities across the Business Correspondent network.
The integration of Atyati Technologies further strengthens our capabilities and provides additional scale to our financial inclusion plaGorm. Post the integration of Atyati, the company’s total touchpoints increased to 1,88,200+ as on 30th September 2026 as compared to 1,47,000+ as on 30th September 2025. The number of BCs / CSPs increased to 74,400+ as on 30th September 2026 from 45,400+ as on 30th September 2025.
We remain focused on building a broader and more integrated digital and financial services ecosystem by expanding our network, deepening relationships with banks and financial institutions, enhancing our service porGolio and leveraging cross-selling opportunities across our growing plaGorm. Our asset-light and scalable business model, combined with an expanding institutional network and technology-led capabilities, provides us with a strong foundation to capture the growing opportunities in digital services and financial inclusion across India.
Looking ahead, we remain positive about the growth prospects of the business. We expect the increasing scale of our plaGorm, deeper penetration across underserved markets, integration of acquired capabilities and continued addition of institutional relationships to support our growth journey. With a clear focus on execution, technology and network expansion, we believe BLS E-Services is well positioned to sustain its business momentum and create long-term value for all stakeholders.”
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Consolidated Financial Highlights:
Revenue from Operations | 424.4 | 269.8 | 57.3% | 728.5 | 513.7 | 41.8% |
Total Income | 428.1 | 276.0 | 55.1% | 737.9 | 527.2 | 40.0% |
EBITDA* | 32.4 | 26.3 | 23.4% | 59.3 | 51.2 | 15.9% |
Operating EBITDA | 28.8 | 20.0 | 43.8% | 50.0 | 37.7 | 32.5% |
Profit after Tax (PAT) | 20.5 | 18.3 | 12.4% | 39.2 | 35.8 | 9.4% |
*Including Other Income
Q2FY27
o Total Income for the quarter stood at Rs. 428.1 Crores, marking a strong growth of 55.1% YoY, supported by steady business performance across all the business verticals
o Operating EBITDA stood at Rs. 28.8 Crores in Q2FY27, registering a 43.8% YoY growth from Rs. 20.0 Crores in Q2FY26
o PAT stood at Rs. 20.5 Crores in Q2FY27 as compared to Rs. 18.3 Crores in Q2FY26, growing 12.4% YoY
H1 FY27
o Total Income for the period stood at Rs. 737.9 Crores, marking a strong growth of 40.0%
YoY, supported by steady business performance across all the business verticals
o Operating EBITDA stood at Rs. 50.0 Crores in H1 FY27, registering a 32.5% YoY growth from Rs. 37.7 Crores in H1 FY26
o PAT stood at Rs. 39.2 Crores in H1 FY27 as compared to Rs. 35.8 Crores in H1FY26, up by 9.4% YoY
Other Key Highlights:
o During the quarter, the Business Correspondent business achieved a Gross Transaction Value of Rs. 41,400+ Crores, up from Rs. 27,300+ Crores in Q2FY26
o The Company’s asset-light and scalable operating model remained a key enabler of growth, supported by a wide and growing network of 1,88,200+ total touchpoints and 74,400+ BCs / CSPs in Q2FY27 as compared to 1,47,000+ touchpoints and 45,400+ BCs
/ CSPs in Q2FY26
o The no. of bank tie-ups for the Business Correspondent (including Loan Disbursement) business increased to 192 in Q2FY27 from 144 in Q2FY26
