Top Stories

Multibagger stock BLS International Services declares Q3 dividend, PAT up 60%

 




A mid-sized company with a market valuation of ₹7,425.57 Crore, BLS International Services Limited operates in Consumer Discretionary industry.

A mid-sized company with a market valuation of ₹7,425.57 Crore, BLS International Services Limited operates in Consumer Discretionary industry. The company today declared its impressive Q3 earnings along with dividend for its shareholders for the financial year 2022-23.

BLS International Services said in a stock exchange filing that its Board of Directors has "approved/declared First Interim Dividend at the rate of 50% on face value i.e. ₹0.50/- per equity share of face value. FY 2022- 23 at 1/- each on 41,08,20,000 Equity Shares of the Company and for the purpose of First Interim Dividend for the financial year 2022-23 has been fixed as Friday, the 17th February, 2023. Its Further please note that the first interim dividend will be paid to shareholders holding shares in electronic form as per the beneficial ownership data made available by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) Feb 17 , 2023 at the end of working hours and shares in physical form whose names appear in the register of members on February 17, 2023. Payment of first interim dividend will commence on or after Tuesday, February 28, 2023."

In Q3FY23, the company posted revenue from operations of ₹437.89 crore on a consolidated basis, up 92.86% from ₹227.05 crore posted in the year-ago quarter. In the quarter ending December 2022, the company posted a net expense of ₹375.63 crore as compared to ₹203.10 crore in the quarter ending December 2021, representing an annual growth of 84.94%. BLS International Services posted a net profit of ₹45.84 Crore in Q3FY23 as compared to ₹28.29 Crore in Q3FY22, representing an annual growth of 62.03%. The EPS of BLS International Services rose to Rs 1.23 in Q3 FY2023, as against Rs 0.69 in the year-ago quarter.

The company transferred its 100% equity shares held in BLS Kendras Private Limited, a wholly owned subsidiary of BLS E-Services Private Limited in Q3FY23. On October 31, 2022, BLS e-Services has issued and distributed 7,41,297 Equity Shares in lieu of the above share transfer. Consequently, BLS Kendra Pvt is now a wholly owned subsidiary of BLS E-Services Pvt Ltd. BLS International Services Rs. invested. 2500 lakhs in one of its subsidiaries, BLS E-Services Pvt. Ltd., during the quarter ended December 31.

No comments: