Bluspring Enterprises Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Bluspring FY26: PAT Growth of 27% YoY
19 May 2026 · 19 May, 10:42 pm
Summary
Bluspring Enterprises Limited announced a strong financial performance for FY26 and Q4 FY26, with full-year revenue (excluding foundit) growing 11% year-on-year to ₹3,304 Cr and adjusted PAT increasing by 27% to ₹67 Cr. The fourth quarter saw an 8% year-on-year revenue rise to ₹846 Cr and a significant 73% year-on-year jump in adjusted PAT to ₹20 Cr. Notably, the Q4 FY26 EBITDA margin expanded by 105 basis points year-on-year to 4.2%, demonstrating enhanced operational discipline. Executive Director & CEO Kamal Pal Hoda commented on strengthening the business post-demerger and exceeding EBITDA margin guidance, expressing confidence in pursuing disciplined inorganic expansion with acquisitions like STEAG India poised to boost topline and margins.
Key Highlights
- 1
Bluspring delivered a strong FY26 performance, with revenue growing by 11% year-on-year to ₹3,304 Cr (excluding foundit).
- 2
Adjusted Profit After Tax (PAT) for FY26 increased by 27% year-on-year to ₹67 Cr, with Adjusted Diluted EPS reaching ₹4.5 per share.
- 3
In Q4 FY26, revenue increased by 8% year-on-year to ₹846 Cr, while Adjusted PAT surged by 73% year-on-year to ₹20 Cr.
- 4
Q4 FY26 EBITDA margin expanded significantly by 105 basis points year-on-year and 35 basis points quarter-on-quarter, reaching 4.2%.
- 5
The acquisition of STEAG Energy Services (India) Private Limited is expected to conclude within May 2026, projected to add approximately 20% to Bluspring’s topline and expand EBITDA margin by ~90-100 bps.
- 6
For FY26, Bluspring added 80 new Facility and Food Services contracts with an Annual Contract Value (ACV) of ₹313 Cr.
- 7
The company reported a total headcount of 93,000+ for FY26, reflecting an 8% increase year-on-year.
Management Comments
Kamal Pal Hoda
FY26 was a defining year for Bluspring as we strengthened our business each quarter following the demerger and built a strong foundation for long-term growth. Our efforts were focused on deepening leadership strength, advancing systems, and scaling our sales engine. We delivered 11% year-on-year revenue growth, alongside 10% growth in EBITDA and 27% growth in adjusted PAT, excluding the one-time labour code impact. Importantly, the quality of our growth improved through the year. We exceeded our EBITDA margin guidance of 4%, delivering a Q4 EBITDA margin of 4.2%. This reflects the operational discipline and execution focus that continues to strengthen our business fundamentals. Our capital allocation framework and return metrics are also moving in the right direction, giving us the confidence to pursue disciplined inorganic expansion opportunities aligned with our long-term strategy. We are also actively working towards an EBITDA break even for Q4 for the foundit business.
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