Multibagger update: This multibagger stock signs an exclusive agreement!

The stock has witnessed heavy buying as it has given multibagger returns of more than 150 per cent in just 1 year

BLS International Services is a trusted global tech-enabled services partner for governments and citizens and has an impeccable reputation for setting benchmarks in the domain of visa, passport, consular, citizen, e-governance, attestation, biometric, e-visa and retail services since 2005.   

On March 27, 2023, the company informed the exchange that it has signed an agreement with the Polish Embassy in Manila to provide visa outsourcing services. Under this agreement, the company will be processing 20,000 applications annually and opening offices in Manila and Cebu.   

For the December quarter ended 2022, the operational revenue zoomed more than 92 per cent from last year’s same quarter to Rs 437.90 crore. The EBITDA level stood at Rs 66.30 crore, up by a massive 160 per cent from Q3FY22. The net profitability of the firm shot up by more than 62 per cent from the corresponding quarter last year to Rs 45.85 crore. The company reported highest ever operational revenue and highest ever quarterly EBITDA in Q3FY23.   

Post the announcement of the news, the stock closed 1.34 per cent down at Rs 150.80.   

The stock has witnessed heavy buying as it has given multibagger returns of more than 150 per cent in just 1 year. Keep a close eye on this trending multibagger stock.