Bluspring Enterprises Ltd · NSE:BLUSPRING
Bluspring Enterprises — Q1 FY27 Earnings Presentation
32 slides from Bluspring Enterprises's earnings presentation, Jul 31, 2026
Slide 1: Letter to stock exchanges: Investors Presentation Q1 FY 2026-27
Date: July 31, 2026 To, BSE Limited, National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Bandra- Kurla Complex, Rotunda Building, PJ Towers, Bandra (East), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: BLUSPRING Scrip Code: 544414 Dear Sir/ Madam, Sub:
Slide 2: Q1 FY27 Investor Presentation
BLUSPRING ENTERPRISES LIMITED Q1 FY27 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by Bluspring Enterprises Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disse
Slide 4: Agenda
Agenda 1 Company Overview 2 Quarterly Highlights 3 Segment-wise Updates 4 Financials 5 Addition of LSG India 6 The Oppurtunity Pg 3
Slide 5: Company Overview
S$ Bluspring Company Overview
Slide 6: About Bluspring Enterprises Limited
About Bluspring Enterprises Limited Bluspring is India’s only nationally-scaled, people-powered, compliance-first, and tech-enabled integrated infrastructure services enterprise Facilities Smart Infra Food & Hospitality Energy Security Engineering Pg 5
Slide 7: What We Do
What We Do Smart Infra, Energy & Facility and Food Security foundit (Investment) Engineering* Integrated Facility Food Management & Hospitality Services offered: Services offered: Services offered: Services offered: ➢ Soft & Hard Services ➢ Man-guarding ➢ Power & Industrial O&M, ➢ AI powered Job Sea
Slide 8: Pure-play Integrated Infrastructure Services Leader
Pure-play Integrated Infrastructure Services Leader Foundational strengths Differentiation Pan-India delivery footprint Operating at a scale difficult to Presence across all states and sectors, at operating replicate scale few can replicate Single partner for building, security, industrial, power, t
Slide 9: Led by a Seasoned Management Team and High Pedigree Board
Led by a Seasoned Management Team and High Pedigree Board.. Board of Directors Management Team Pg 8 Previous experience
Slide 10: With Steadfast Commitment to Corporate Governance
..with Steadfast Commitment to Corporate Governance.. 50% of directors are Independent Auditors Independent Non-Executive Directors Directors Consulting partners Chairman & CEO & Executive Non-Executive Director Director Pg 9
Slide 11: Strong Institutional Backing and Promoter Holding
.. along with Strong Institutional Backing and Promoter Holding Ajit Issac* * 58.0% (Founder promoter) (Investor promoter) Well-Diversified Investor Base Marquee Investors | Holdings* AIF Others, 0.3% Ashish Dhawan, Corporates 0.6% 1.6% Ellipsis Partners and Tata MF | 7.2% Associates | 11.4% FPI 5.3
Slide 12: Pan India Player with Balanced and Diversified Revenue Mix
Pan India Player with Balanced and Diversified Revenue Mix Geographical distribution and Client Concentration Diversification across sectors Revenue contribution Top 10 27% Clients Top 20 41% Top 30 50% Commercial spaces, North 14% Education, 11% 25% West East 15% 18% Govt & Public Infra, 10% Intern
Slide 13: Brands that Trust Us
Brands that Trust Us Smart Infra, Energy & Facilities and Food Security Engineering Pg 12
Slide 14: Quarterly Highlights
$$ Bluspring Quarterly Highlights
Slide 15: Q1 FY27 Key Highlights (Excluding foundit)
Q1 FY27 Key Highlights (Excluding foundit) Revenue : INR 930Cr EBITDA Margin: 3.8% Headcount: 97,000+ 72 bps 40 bps 20% YoY 10% QoQ 12% YoY 3% QoQ YoY QoQ(1) PAT : INR 16 Cr PAT Margin : 1.7% EPS : INR 1.1 33 bps 6 bps 47% YoY 14% QoQ 47% YoY 14% QoQ YoY QoQ Note: (1) Lower due to seasonality in foo
Slide 16: Segment-wise Updates
S$ Bluspring Segment-wise Updates
Slide 17: Q1 FY27 Financial Highlights
Q1 FY27 Financial Highlights Figures In ₹ Cr Revenue Q1 FY27 YoY QoQ EBITDA Q1 FY27 YoY QoQ Facility & Food 520 ▲ 9% Flat Facility & Food 24 ▲ 25% ▼ 3% Security 187 ▲ 25% ▲ 10% Security 5 ▲ 43% ▼ 12% Smart Infra, Energy & Smart Infra, Energy 223 ▲ 47% ▲ 42% 21 ▲ 80% ▲ 17% Engineering & Engineering T
Slide 18: Facility and Food Services – Business Performance
Facility and Food Services – Business Performance Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 19% 514 521 519 520 476 4.7% 4.6% 4.5% Q1’27 4.0% 4.0% 19 21 23 24 24 81% Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Revenue EBITDA EBITDA% IFM Food Client concentration% Sector-wise conce
Slide 19: Security Services – Business Performance
Security Services – Business Performance Financial Performance (₹ Cr) Headcount ▲ 15% YoY Revenue and EBITDA Trend 187 24,926 168 173 169 24,053 149 23,136 23,340 3.5% 21,762 3.0% 2.8% 2.4% 2.5% 4 5 4 6 5 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Revenue EBITDA EBITDA% Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Client conce
Slide 20: Smart Infra, Energy and Engineering – Business Performance
Smart Infra, Energy and Engineering – Business Performance Financial Performance (₹ Cr) Revenue Distribution 223 35% 152 155 151 157 11.2% Q1’27 9.9% 9.3% 7.6% 8.2% 12 13 15 18 21 65% Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Revenue EBITDA EBITDA% Telecom Industrials Client concentration% Sector-wise concentra
Slide 21: Foundit – Business Performance
Foundit – Business Performance Revenue Metrics Candidate Metrics New Search Profiles (‘000) ▲ 120% YoY ▲ 4% QoQ Sales (Cr) ▲ 50% YoY ▼ 2% QoQ 366 452 520 540 245 26 25 17 19 16 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Recruiter Metrics 6 Month Active Users (Mn) ▲ 3% QoQ Financial
Slide 22: Financials
S$ Bluspring Financials
Slide 23: Income Statement (excluding foundit)
Income Statement (excluding foundit) Particulars ( in ₹ Cr) Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY Revenue 777 846 930 ▲ 10% ▲ 20% EBITDA 24 35 35 Flat ▲ 48% EBITDA Margin % 3.1% 4.2% 3.8% ▼ 40 bps ▲ 72 bps Depreciation & amortisation (8) (7) (10) ▲ 51% ▲ 26% Interest (5) (6) (8) ▲ 42% ▲ 51% Other Income 0
Slide 24: Income Statement (Consolidated)
Income Statement (Consolidated) Particulars ( in ₹ Cr) Q1 FY26 Q4 FY26 Q1 FY27 QoQ YoY Revenue 797 865 949 ▲ 10% ▲ 19% EBITDA 12 25 21 ▼ 18% ▲ 75% EBITDA Margin % 1.5% 2.9% 2.2% ▼ 73 bps ▲ 70 bps Depreciation & amortisation (12) (11) (14) ▲ 28% ▲ 12% Interest (7) (7) (10) ▲ 31% ▲ 31% Other Income 1
Slide 25: Addition of LSG Sky Chefs India to Bluspring
Addition of 5 LSG Sky Chefs India to Bluspring
Slide 26: Addition of LSG Sky Chefs India Private Limited to Bluspring
Addition of LSG Sky Chefs India Private Limited (“LSG India”) to Bluspring LSG India Overview Key Customers ❖ Founded in 2001, LSG India is a provider of in-flight catering and allied aviation services at Bangalore airport (with a long-term concession agreement until 2039), serving ~6,000 domestic a
Slide 27: Key Investment Highlights
Key Investment Highlights High Entry Barrier Industry Elevating Bluspring’s Brand • Operates in an oligopolistic market • Direct entry into the aviation ecosystem, creating characterized by high regulatory and a platform for adjacent opportunities across entry barriers catering, MRO, lounges, and al
Slide 28: Impact of Addition of LSG India to Bluspring
Impact of Addition of LSG India to Bluspring* Diversifies Bluspring’s Revenue Mix Security Security 20% 16% Thank you Pre- Post- Acquisition Acquisition Smart Infra, (FY26 Reported) (Pro-forma FY26 for Energy and Smart Infra, LSG +STEAG) Engineering Energy and Facilities 19% Facilities Engineering a
Slide 29: Estimated Revenue Mix Change Post STEAG and LSG Acquisition
Estimated Revenue Mix Change Post STEAG and LSG Acquisition Pre-acquisition Post-acquisition Sector wise split of Revenues Security, 20% Security, 24% Industrials 42% 15% 15% Commercial spaces 11% Segment- Segment- 11% wise wise Govt & Public Infra 8% 11% Education 8% Facilities 10% Smart Infra, Ene
Slide 30: The Opportunity
S$ Bluspring The Opportunity
Slide 31: The Opportunity
The Opportunity Structural shifts compounding across every segment we operate in Consolidation Outsourcing Shift Formalisation Macro- trends Consolidation of vendors by clients at ~2/3 of facility management still in-house GST and labour codes shifting share from national level to reduce administrat
Slide 32: Thank You
Thank You
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