Bluspring Enterprises Ltd · NSE:BLUSPRING
Bluspring Enterprises — Q3 FY26 Earnings Presentation
33 slides from Bluspring Enterprises's earnings presentation, Feb 3, 2026
Slide 1: Stock exchange filing cover letter
Date: February 3, 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, S
Slide 2: Q3 FY26 Investor Presentation
BLUSPRING ENTERPRISES LIMITED Q3 FY26 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 Looking Ahead Pg 3
Slide 5: Company Overview
$$ Bluspring @ | Company Overview
Slide 6: About Bluspring Enterprises Limited
About Bluspring Enterprises Limited India’s leading integrated infrastructure management company offering a diversified range of services Food and Hospitality POWERED BY Integrated Facility Management POWERED BY Engineering Asset Management POWERED BY Telecom Network Services POWERED BY Integrated S
Slide 7: What We Do
What We Do Facility and Food Telecom & Industrial Security foundit (Investment) Services offered: Services offered: Services offered: Services offered: ➢ O&M, Installation & ➢ AI powered Job Search ➢ Soft & Hard Services ➢ Man-guarding Commissioning ➢ Enterprise and Tele sales ➢ Pest Control & Lands
Slide 8: Our Evolution
Our Evolution Strong track record of generating value across acquired businesses LISTING PLATFORMIZATION 2025 - Beyond 2018 - 2024 Aspire to be EXPANSION India’s Leading Consolidated into Listed 2014 - 2018 “Operating Asset Infrastructure Management” Services Forayed into 4 new platform business ser
Slide 9: We drive tangible impact for our customers
1,000+ 366 Mn+ Sq. Ft. 182k+ Clients Space Managed Meals Served per Day We drive tangible impact for our 2.4k+ 100+ Hospitals 237k customers Sites Secured Managed Telecom Network Nodes Maintained per month 2,000+ MW 39 MTPA 13 Mn+ Power Capacity Served Metal Capacity Served Job Seekers Pg 8
Slide 10: 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 9 Previous experience
Slide 11: 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 10
Slide 12: Strong Institutional Backing and Promoter Holding
.. along with Strong Institutional Backing and Promoter Holding Ajit Issac* * 58.2% (Founder promoter) (Investor promoter) Marquee Investors | Holdings Well-Diversified Investor Base AIF Others, 0.3% Ashish Dhawan | Corporates 0.7% Tata MF | 7.2% 1.7% 5.0% FPI 5.5% MF Ellipsis Partners LLC | 8.1% 3.
Slide 13: Key Differentiators
Key Differentiators Compliance Agility at Integrated People + Services proven without National Scale Offerings Technology Engine across Sectors Compromise Statutory, labour, safety Rapid mobilisation, One partner, one 90,000+ trained • 8+ sectors with PAN & sectoral compliance ramp-up/down, multi- c
Slide 14: Brands that Trust Us
Brands that Trust Us $$ Bluspring (() JLL SADA Exea] adani al 4) Lo @xee Qmotorola — | ciTIZENs VI (fp) MANIPAL Dixon FOxCcOoOnNn rath ARG “ye UNIVERSITY The brand behind brands Se H > ‘olliers TATA STEEL Cognizant @ Bombardier G = ws MABE Cilla = mariners amazon JS &MAXe%a manipalhospitals B® SIEME
Slide 15: Quarterly Highlights
$$ Bluspring @® | Quarterly Highlights
Slide 16: Q3 FY26 Key Financial Highlights (excl. foundit)
Q3 FY26 Key Financial Highlights (excl. foundit) Revenue : INR 844 Cr EBITDA Margin: 3.8% Headcount: 91,000+ 4 bps 37 bps 10% YoY 1% QoQ 4% YoY 1% QoQ YoY QoQ PAT* : INR 19 Cr PAT Margin* : 2.2% EPS*: INR 1.2 62 bps 25 bps 54% YoY 14% QoQ 54% YoY 14% QoQ YoY QoQ *Note: Adjusted for one time exceptio
Slide 17: Q3 FY26 Financial Updates (excl. foundit)
Q3 FY26 Financial Updates (excl. foundit) Revenue (In ₹ Cr) EBITDA (In ₹ Cr) & margin (%) 10% 12% 32 29 29 837 844 25 24 3.8% 766 783 777 3.8% 3.5% 3.2% 3.1% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 1% 12% PAT* (In ₹ Cr) & margin (%) EPS* (In ₹) 54 % 54 % 19 1.2 16 1.1 12 13 0.9 1
Slide 18: Diversified Revenue Mix across Sectors
Diversified Revenue Mix across Sectors (excl.foundit) Client and Zonal distributions Diversification across sectors Clients Revenue contribution Top 10 29% Top 20 41% 5% Industrials 6% Top 30 49% 24% Commercial spaces 8% Govt & Public Infra Education 9% Sector-wise Zone-wise Concentration Telecom Co
Slide 19: Segment-wise Updates
$$ Bluspring @® | Segment-wise Updates
Slide 20: Q3 FY26 Financial Highlights (excl. foundit)
Q3 FY26 Financial Highlights (excl. foundit) Figures In ₹ Cr Revenue Q3 FY26 YoY QoQ EBITDA Q3 FY26 YoY QoQ Facility & Food 521 ▲ 11% ▲ 1% Facility & Food 23 ▲ 8% ▲ 13% Telecom & Industrials 151 ▲ 2% ▼ 3% Telecom & Industrials 15 ▲ 36% ▲ 17% Security 173 ▲ 15% ▲ 3% Security 4 ▼ 2% ▼ 15% Total 844 ▲
Slide 21: 9M FY26 Financial Highlights (excl. foundit)
9M FY26 Financial Highlights (excl. foundit) Figures In ₹ Cr Revenue 9M FY26 9M FY25 YoY EBITDA 9M FY26 9MFY25 YoY Facility & Food 1,511 1,342 ▲ 13% Facility & Food 63 67 ▼ 6% Telecom & Industrials 458 415 ▲ 10% Telecom & Industrials 39 33 ▲ 18% Security 489 429 ▲ 14% Security 13 13 ▼ 3% Total 2,458
Slide 22: Facility and Food Services – Business Performance
Facility and Food Services – Business Performance Financial Performance (₹ cr) Revenue Distribution Revenue and EBITDA Trend 16% 18% 17% 20% 19% 514 521 476 4.5% 4.0% 4.0% 84% 82% 83% 80% 81% 19 21 23 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue EBITDA EBITDA% IFM Food Client concentratio
Slide 23: Telecom and Industrial Services – Business Performance
Telecom and Industrial Services – Business Performance Financial Performance (₹ cr) Revenue Distribution Revenue and EBITDA Trend 152 155 151 9.9% 57% 59% 58% 55% 53% 8.3% 7.6% 43% 41% 42% 45% 47% 12 13 15 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue EBITDA EBITDA% Industrials Telecom Cli
Slide 24: Security Services – Business Performance
Security Services – Business Performance Financial Performance (₹ cr) Headcount Revenue and EBITDA Trend 12% 23,136 23,340 168 173 149 3.0% 21,762 2.4% 2.5% 21,157 20,792 4 5 4 Q1'26 Q2'26 Q3'26 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Revenue EBITDA EBITDA% 1% Client concentration% Sector-wise concentration%
Slide 25: Foundit – Business Performance
Foundit – Business Performance Financial Performance (₹ cr) Recruiter Metrics Revenue and EBITDA* Trend Total Applications (Mn) 20 21 18 8.2 11.0 11.0 6.3 8.0 -51% -74% -67% Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 -15 -11 -12 Q1'26 Q2'26 Q3'26 34% Revenue EBITDA EBITDA% 6 Month Active Users (Mn) 26.6 29.0 29.
Slide 26: Financials
$$ Bluspring 4 ] | Financials
Slide 27: Income Statement (excl. foundit)
Income Statement (excl. foundit) Particulars ( in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9M FY26 9M FY25 YoY Revenue 844 837 ▲ 1% 766 ▲ 10% 2,458 2,186 ▲ 12% EBITDA 32 29 ▲ 12% 29 ▲ 12% 85 85 ▲ 0% EBITDA Margin % 3.8% 3.5% ▲ 37 bps 3.8% ▲ 4 bps 3.5% 3.9% ▼ 42 bps Depreciation & amortisation (7) (8) ▼
Slide 28: Income Statement (Bluspring Consolidated)
Income Statement (Bluspring Consolidated) Particulars ( in ₹ Cr) Q3 FY26 Q2 FY26 QoQ Q3 FY25 YoY 9M FY26 9M FY25 YoY Revenue 863 857 ▲ 1% 791 ▲ 9% 2,517 2,285 ▲ 10% EBITDA 24 17 ▲ 38% 21 ▲ 16% 53 62 ▼ 14% EBITDA Margin % 2.8% 2.0% ▲ 76 bps 2.6% ▲ 16 bps 2.1% 2.7% ▼ 61 bps Depreciation & amortisation
Slide 29: Looking Ahead
$$ Bluspring Looking Ahead
Slide 30: The Opportunity
The Opportunity Indian Economy Accelerating India’s investments Economy is expected to grow from USD 4 trillion India expected to ₹ 136 lakh crore between 2023- now to USD 7.3 trillion by 2030 30 in infrastructure push, driving industrial & manufacturing capacity Rising Urbanization Expanding outsou
Slide 31: Macro-economic development setting up stage for growth
Macro-economic development setting up stage for growth FY25 TAM estimated at ~₹170k Cr; projected CAGR of 13% over next 3 years ~245,000 ₹ Cr FY25 TAM %Share CAGR IFMS 39,000 5% 17% 13% CAGR F&B 32,000 1% 14% Security 41,000 2% 10% In ₹ Cr ~170,000 Industrials 46,000 1% 7% Telecom 13,000 3% 10% Tota
Slide 32: Key Focus Areas
Key Focus Areas Facilities and Food Telecom & Industrials Security Services Foundit • Focus on higher margin • Move towards handling end • Evolve beyond manpower • Increase revenues variable fee contracts and to end plant operations in into surveillance through planned clients that focus on KPIs ind
Slide 33: Thank You
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