Bluspring's revenue up by 15% in FY25
By Ankur Chandra | Published at: Jun 24, 2025 01:47 PM IST
Bengaluru, June 24, 2025: Bluspring Enterprises Limited (NSE: BLUSPRING, BSE: 544414) has released its first financial results as a standalone listed company post demerger from Quess Corp. It posted 15% year-on-year growth in revenue to ₹2,969 crore for FY25. The company reported an EBITDA of ₹110 crore.
These results reflect a strong performance, particularly in infrastructure management services, even with a slight dip in operating margins. Bluspring Enterprises was demerged from Quess Corp and officially listed on the stock exchanges on June 11, 2025, marking the beginning of its journey as an independent listed company in the market.
FY25 Financial Performance
While the company’s top-line revenue grew steadily, the slight decline in EBITDA margin and a reported Net Loss for FY25 (₹824.78 crores due to the demerger scheme effective April 1, 2024, and exceptional items) were attributed to some margin pressures and one-off factors. However, it’s worth noting that adjusted profitability metrics remained stable.
| Particulars | FY25 | FY24 | YoY % |
|---|---|---|---|
| Revenue (₹ Cr) | 2,969 | 2,582 | +15% |
| EBITDA (₹ Cr) | 110 | 112 | -2% |
| Adjusted PAT (₹ Cr) | 53 | 49 | +7% |
| Net Cash (₹ Cr) | 31 | — | — |
| EBITDA Margin | 3.7% | 4.3% | -64 bps |
| PAT Margin | -3.7% | 1.9% | -558 bps |
| Adjusted EPS (₹) | 3.5 | 3.3 | +7% |
Q4 FY25 Snapshot
| Particulars | Q4 FY25 | Q4 FY24 | YoY % | Q3 FY25 | QoQ % |
|---|---|---|---|---|---|
| Revenue (₹ Cr) | 783 | 677 | +16% | 766 | +2% |
| EBITDA (₹ Cr) | 25 | 35 | -29% | 29 | -15% |
| Adj. PAT (₹ Cr) | 11 | 17 | -36% | 12 | -11% |
| EPS (₹) | 0.3 | 1.1 | -72% | (9.6) | — |
Segmental Performance: FY25
Bluspring operates across several service segments, each contributing to its overall performance:
| Segment | Revenue (₹ Cr) | EBITDA (₹ Cr) |
|---|---|---|
| Facility & Food Services | 1,816 | 83 |
| Telecom & Industrial | 576 | 51 |
| Security Services | 577 | 15 |
| Investments – foundit | 118 | (42) |
- Facility & Food Services was a key driver of growth, securing 87 new contracts and advancing digitalisation efforts.
- Telecom & Industrial Services focused on expanding into more stable, annuity-based revenue streams.
- Security Services strategically aimed for higher-margin electronic surveillance solutions while continuing to grow its traditional man-guarding services.
- foundit, the company’s investment arm focusing on an AI-driven white-collar job portal, continued to build its user and recruiter base, though it still reported negative EBITDA.
- What Did the Company’s Management Say?
“It is with a sense of pride that we present Bluspring’s first results as a listed entity,” said Kamal Pal Hoda, Executive Director & CEO. “Our diversified service portfolio, tech-led operations, and disciplined cost focus position us to unlock value in India’s growing infrastructure ecosystem.”
He added that the company is now concentrating on sales acceleration and operational efficiency to improve EBITDA margins, with a clear roadmap for profitability in high-growth verticals like foundit.
How Did The Investors React?
At around 10:35 AM on June 24th, the shares of Bluspring Enterprises Limited were down 4.27% or ₹3.14 and were trading at ₹70.45. It remains to be seen at what price the shares close at the end of today’s market session.
About Bluspring Enterprises Limited
Bluspring Enterprises Limited is a newly listed infrastructure management services provider, headquartered in Bengaluru. With a nationwide headcount of over 85,000 and six integrated brands — Avon, Indya Foods, Terrier, Hofincons, Vedang, and foundit — the company delivers technology-enabled services across sectors including airports, hospitals, utilities, and educational campuses. Shares of Bluspring are listed on both BSE and NSE under the ticker ‘BLUSPRING’.
REF: https://nsearchives.nseindia.com/corporate/BLUSPRING_23062025230623_PR.pdf
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