Bluspring Enterprises Limited (NSE: BLUSPRING; BSE: 544414), an integrated infrastructure services enterprise, reported a strong improvement in profitability for the second quarter of FY27, with EBITDA increasing 130% year on year to ₹67 crore and profit after tax (PAT) rising 95% to ₹32 crore. Revenue for the quarter grew 49% to ₹1,250 crore.
EBITDA margin expanded by 188 basis points to 5.4%, compared with 3.5% in Q2 FY26. Profit before tax increased 159% to ₹39 crore, while diluted earnings per share rose 88% to ₹2.1. On a sequential basis, revenue increased 34%, EBITDA grew 90% and PAT rose 96%. For H1 FY27, revenue grew 35% to ₹2,180 crore. Reported EBITDA increased 93% to ₹102 crore, with a margin of 4.7%, up 141 basis points. PAT rose 76% to ₹48 crore, while profit before tax increased 139% to ₹59 crore.
Commenting on the performance, Kamal Pal Hoda, Executive Director and Chief Executive Officer, said the company’s revenue growth was translating into stronger earnings. He attributed the improvement to its expanded presence in the energy sector following the acquisition of STEAG India, its engineering services capabilities and the addition of LSG Sky Chefs India to its Food and Hospitality business. The company’s priority is to integrate recent acquisitions, strengthen cross-selling and improve shareholder returns.
Facility and Food Services recorded Q2 revenue of ₹601 crore, up 17% year on year, and EBITDA of ₹29 crore, with a margin of 4.7%. The business added 21 new contracts during the quarter, with an annual contract value (ACV) of ₹78 crore. The acquisition of LSG Sky Chefs India extends its presence into aviation catering.
Security Services achieved its highest-ever quarterly revenue of ₹201 crore, an increase of 20%. The business added 20 clients with an ACV of ₹30 crore, while its man-guarding workforce grew 11% to more than 25,700 personnel. Smart Infra, Energy and Engineering recorded revenue of ₹449 crore, up 189%, and EBITDA of ₹49 crore, with a margin of 10.9%. It secured 16 new contracts with an ACV of ₹641 crore.
For H1 FY27, Facility and Food Services revenue grew 13% to ₹1,121 crore, Security Services revenue increased 22% to ₹387 crore, and Smart Infra, Energy and Engineering revenue rose 119% to ₹672 crore. The company’s foundit investment business reported Q2 revenue of ₹22 crore and EBITDA loss of ₹12 crore, excluding ESOP costs. Its quarterly sales increased to ₹30 crore from ₹25 crore in the preceding quarter.
Bluspring Enterprises Limited is one of India’s leading integrated infrastructure services companies, offering solutions across facility management, food services, smart infrastructure, energy, engineering and security services. The company serves customers across multiple industries through a nationwide network supported by a workforce of more than 97,000 employees. Bluspring continues to strengthen its business through strategic acquisitions, technology-driven operations and integrated service offerings, creating long-term value for customers, employees and shareholders.
