Bengaluru, India, August 1, 2025 – Bluspring Enterprises Limited [NSE: BLUSPRING, BSE: 544414], one of India’s leading infrastructure management services firms, announced its financial performance for Q1 FY26 (ended June 30, 2025), reporting a 13% year-on-year revenue growth to ₹777 crore.
While revenue showed strength, EBITDA stood at ₹24 crore, reflecting an 11% decline YoY, primarily due to seasonal softness in higher-margin segments like Telecom and Food Services. Adjusted Profit After Tax (PAT) came in at ₹13 crore, showing a 14% quarter-on-quarter increase despite a modest 5% YoY dip.
Commenting on the results, Kamal Pal Hoda, Executive Director & CEO, Bluspring Enterprises, stated:
“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.”
He further emphasized: “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.”
Segmental Highlights:
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Facility & Food Services:
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Revenue: ₹476 crore
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EBITDA: ₹19 crore
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22 new contracts secured with ₹73 crore annual contract value (ACV)
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Food services impacted by academic breaks in the education sector
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Telecom & Industrial Services:
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Revenue: ₹152 crore
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EBITDA: ₹12 crore
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Seasonality impacted Telecom roll-outs; Industrials added ₹10 crore ACV through 4 new contracts
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Security Services:
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Revenue: ₹149 crore
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EBITDA: ₹4 crore
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Workforce rose 10% YoY to 21,762
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New ‘Smart Homes’ electronic surveillance solution launched
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Investments – Foundit:
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Revenue: ₹20 crore
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Operational EBITDA: ₹(16) crore
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Product upgrade in progress; cost optimization underway
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Solid candidate and recruiter traction
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Key Metrics:
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Headcount: 87,378 (up 4% YoY)
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PAT Margin: 1.5%, vs. 2.0% in Q1 FY25
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Adjusted Diluted EPS: ₹0.9
Mr. Hoda concluded:
“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.”
Bluspring continues to strengthen its market leadership through strategic execution, client-centric innovation, and investment in scalable platforms across its core and emerging verticals.
