Slide 1: Cover letter to stock exchanges
Bluspring Date: May 19, 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/ Ma
Slide 2: Bluspring Enterprises Limited Q4 FY26 Investor Presentation
~l Bluspring BLUSPRING ENTERPRISES LIMITED Q4 FY26 Investor Presentation
Slide 3: Safe Harbour
Safe Harbour ~t Bluspring 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, distrib
Slide 4: Agenda
Agenda 1 Company Overview 2 Quarterly Highlights 3 Segment-wise Updates 4 Financials 5 Addition of STEAG Energy Services India 6 Looking Ahead Pg 3
Slide 5: Company Overview
~l Bluspring 1 Company Overview Pg 4
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 Integrated Facility Engineering Management Asset Management POWERED BY Food and Hospitality ~t Bluspring Infrastructure. P
Slide 7: What We Do
What We Do ~t Bluspring Facility and Food Telecom & Industrial Security foundit (Investment) feundit Jobs Career Solutions Prep Learn Career Advice Over 8,00,000 openings delivered perfectly Integrated Facility Food Management & Hospitality in, Hofincons-- VEDi NG TERRIER SECURITY SERV I CES fo\#ndi
Slide 8: Led by a Seasoned Management Team and High Pedigree Board
Led by a Seasoned Management Team and High Pedigree Board.. ~t Bluspring Board of Directors Ajitlsaac Gopalakrishnan Anish Thurthi Dinkar Gupta N. Suresh Krishnan Srivathsala K.N. Sanjay Anandaram Soundarajan Chairman and Non-Executive Non-Executive Independent Independent Independent Independent No
Slide 9: Steadfast Commitment to Corporate Governance
..with Steadfast Commitment to Corporate Governance.. ~t Bluspring 50% of directors are Independent Auditors Deloitte. Grant Thornton Independent Non-Executive Directors Directors i t Consulting partners B : : G BOSTON . . . .~._,,., CONSU LTI NG G ROUP Chairman & CEO & Executive Non-Executive Direc
Slide 10: Strong Institutional Backing and Promoter Holding
.. along with Strong Institutional Backing and Promoter Holding ~t Bluspring Ajit Issac* (Founder promoter) + FAIRFAX * FINANCIAL HOLDINGS LIMITED (Investor promoter) - 58.2% Marquee Investors | Holdings Well-Diversified Investor Base AIF Others, 0.3% Ashish Dhawan | Corporates 0.7% Tata MF | 7.2% 6
Slide 11: Key Differentiators
Key Differentiators ~t Bluspring Compliance People + Agility at Integrated Services proven without Technology National Scale Offerings across Sectors Compromise Engine Statutory, labour, Rapid mobilisation, One partner, one 90,000+ trained • 8+ sectors with PAN safety ramp-up/down, contract, one dig
Slide 12: Pan India Player with Balanced and Diversified Revenue Mix
Pan India Player with Balanced and Diversified Revenue Mix ~t Bluspring Zonal distributions and Client Concentration Diversification across sectors Revenue contribution Top 10 29% Clients Top 20 41% Top 30 50% Govt & Public North Infra, 11% Education, 11% 25% West East 16% 13% Industrials, 24% IT, 8
Slide 13: Brands that Trust Us
Brands that Trust Us ~t Bluspring (©))JLL MONTo adani ~ IDFC FIRST ~ Bank Hindustan Coc...Co\a Beverages BLANC TATA STEEL a Reliance .____.__~ - ~ TATA CONSULTANCY SERVICES 1111-b ~ CBRE Industl'ies Limited I ' MANIPAL D i xon® G ., 5~ , ..... UNIVERSITY ~ The brand behind brands Foxconn TATA TATA P
Slide 14: Quarterly Highlights
~l Bluspring 2 Quarterly Highlights
Slide 15: Q4 FY26 Key Highlights (Excluding foundit)
Q4 FY26 Key Highlights (Excluding foundit) ~t Bluspring Revenue : INR 846 Cr EBITDA Margin: 4.2% Headcount: 93,000+ 105 bps 35 bps 8% YoY Flat QoQ 8% YoY 3% QoQ YoY QoQ PAT* : INR 20 Cr PAT Margin* : 2.3% EPS*: INR 1.3 87 bps 13 bps 73% YoY 6% QoQ 71% YoY 6% QoQ YoY QoQ *Note: Adjusted for one time
Slide 16: Consistent Growth in Key Financial Metrics Since Listing
Delivered Consistent Growth in Key Financial Metrics Since ~t Bluspring Listing in Q1 FY26 (Excl. foundit) Revenue (In ₹ Cr) EBITDA (In ₹ Cr) 9% 846 777 24 - 49% 35 Q1 FY26 Q4 FY26 Q1 FY26 Q4 FY26 EBITDA Margin (%) PAT* (in ₹ Cr) 4.2% 60% 20 112 bps 3.1% 12 Q1 FY26 Q4 FY26 Q1 FY26 Q4 FY26 *Adjusted
Slide 17: Segment-wise Updates
~l Bluspring 3 Segment-wise Updates
Slide 18: Q4 FY26 Financial Highlights (Excluding foundit)
Q4 FY26 Financial Highlights (Excluding foundit) ~t Bluspring Figures In ₹ Cr Revenue Q4 FY26 YoY QoQ EBITDA Q4 FY26 YoY QoQ Facility & Food 519 ▲ 10% Flat Facility & Food 24 ▲ 56% ▲ 4% Telecom & Industrials 157 ▼ 2% ▲ 5% Telecom & Industrials 18 ▲ 13% ▲ 19% Security 169 ▲ 15% ▼ 2% Security 6 ▲ 203%
Slide 19: FY26 Financial Highlights (Excluding foundit)
FY26 Financial Highlights (Excluding foundit) ~t Bluspring Figures In ₹ Cr Revenue FY25 FY26 YoY EBITDA FY25 FY26 YoY Facility & Food 1,816 2,031 ▲ 12% Facility & Food 83 87 ▲ 5% Telecom & Industrials 576 615 ▲ 7% Telecom & Industrials 51 57 ▲ 11% Security 577 659 ▲ 14% Security 15 19 ▲ 23% Total 2,
Slide 20: Facility and Food Services – Business Performance
Facility and Food Services – Business Performance ~t Bluspring Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 19% 514 521 519 476 4.0% 4.0% ··••••• 4.5% ·••••••• 4.7% Q4’26 ~ -------- 19 21 23 24 81% Q1'26 - - Q2'26 Revenue EBITDA Client concentration% Q3'26 EBITDA% Q4'26
Slide 21: Telecom & Industrials – Business Performance
Telecom & Industrials – Business Performance ~t Bluspring Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 152 155 151 157 11.2% 52% 9.9% L · · · · ·L ~ 7.6% - 12 CJ·········· 8.2% 13 15 18 Q4’26 48% Q1'26 - - Q2'26 Revenue EBITDA Client concentration% Q3'26 Q4'26 EBITDA% ■
Slide 22: Security Services – Business Performance
Security Services – Business Performance ~t Bluspring Financial Performance (₹ Cr) Headcount ▲ 14% YoY Revenue and EBITDA Trend 24,053 173 169 23,136 23,340 168 149 21,762 21,157 3.0% ••••••· ... .... 3.5% ~ -------- 2.4% 2.5% 4 5 4 6 Q1'26 - - Q2'26 Revenue EBITDA Client concentration% Q3'26 EBITDA
Slide 23: foundit – Business Performance
foundit – Business Performance ~t Bluspring Financial Performance (₹ Cr) Candidate Metrics Revenue and EBITDA (Ex. ESOP) Trend 20 21 New Search Profiles (‘000) ▲ 15% QoQ 18 19 461 452 520 366 245 -51% -48% -67% -73% -11 -9 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 -14 -12 Q1'26 - - Q2'26 Revenue Q3'26 EBITDA Re
Slide 24: Financials
~l Bluspring 4 Financials
Slide 25: Income Statement (excluding foundit)
Income Statement (excluding foundit) ~t Bluspring Particulars ( in ₹ Cr) Q4 FY25 Q3 FY26 Q4 FY26 YoY QoQ FY25 FY26 YoY Revenue 783 844 846 ▲ 8% Flat 2,969 3,304 ▲ 11% EBITDA 25 32 35 ▲ 44% ▲ 9% 110 121 ▲ 10% EBITDA Margin % 3.1% 3.8% 4.2% ▲ 105 bps ▲ 35 bps 3.7% 3.7% Flat Depreciation & amortisation
Slide 26: Income Statement (Consolidated)
Income Statement (Consolidated) ~t Bluspring Particulars ( in ₹ Cr) Q4 FY25 Q3 FY26 Q4 FY26 QoQ YoY FY25 FY26 YoY Revenue 802 863 865 Flat ▲ 8% 3,086 3,382 ▲ 10% EBITDA 5 24 25 ▲ 4% ▲ 428% 67 78 ▲ 17% EBITDA Margin % 0.6% 2.8% 2.9% ▲ 12 bps ▲ 230 bps 2.2% 2.3% ▲ 15 bps Depreciation & amortisation (1
Slide 27: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) ~t Bluspring Particulars ( in ₹ Cr) FY25 FY26 YoY Assets Fixed Assets & Intangibles 509 521 2% Other Non-Current Assets 148 165 12% Trade Receivables & Unbilled Revenue 776 877 13% Cash and Cash Equivalent 70 55 (22%) Loan and other current Assets 56 73 31% Total Assets
Slide 28: Cashflow Statement
Cashflow Statement ~t Bluspring FY26 Particulars Consol PAT (23) Cash generated from operations 90 Income taxes (paid)/refund received (39) Net Operating cashflows (A) 52 Expenditure on PPE & Intangibles (28) Loans given - Other Investing Activities (0) Net Investing cashflows (B) (28) Borrowing (ne
Slide 29: Addition of STEAG Energy Services India to Bluspring
~l Bluspring Addition of 5 STEAG Energy Services India to Bluspring
Slide 30: Addition of STEAG Energy Services (India) Private Limited to Bluspring
Addition of STEAG Energy Services (India) Private Limited ~l- Bluspring (“SESI”) to Bluspring SESI Overview Company Structure ❖ Founded in 2001, SESI is has a strong pedigree as a subsidiary of STEAG Power GmbH, an 89-year-old German energy player ❖ Geographies: India, South-East Asia, Middle East,
Slide 31: Wide Range of Services Offered
Wide Range of Services Offered ~l- Bluspring Services Offered Key Clients (Operation & Maintenance and Overhauling services: • Comprehensive O&M; Field operations & maintenance; O&M ~ vedanta @- L DI A HEMICALSLTD ■ support services; overhauling & commissioning services J ~,~ (Energy Technologies: •
Slide 32: Key Investment Highlights
Key Investment Highlights ~t Bluspring Established player in thermal power Differentiated capabilities • SESI offers end-to-end services • SESI has proven capabilities in spanning feasibility, DPR, feasibility studies, project commissioning, O&M management, due diligence, and • Access to credentials
Slide 33: Impact of Addition of SESI to Bluspring
tl Bluspring Impact of Addition of SESI to Bluspring* Diversifies Bluspring’s Revenue Mix Security Security 16% 20% Pre- Post- Acquisition Acquisition Telecom & Industrial Telecom & Facilities 19% Industrial and food Facilities 33% 51% and food 61% ➢ SESI acquisition would add ~20% to Blupsring’s to
Slide 34: Looking Ahead
~l Bluspring 6 Looking Ahead
Slide 35: The Opportunity
The Opportunity ~t Bluspring Indian Economy Accelerating India’s investments Economy is expected to grow from USD 4 India expected to ₹ 136 lakh crore between trillion now to USD 7.3 trillion by 2030 2023-30 in infrastructure push, driving industrial & manufacturing capacity Rising Urbanization Expa
Slide 36: Key Focus Areas
Key Focus Areas ~t Bluspring Facilities and Food Telecom & Industrials Security Services foundit • Focus on higher margin • Move towards handling • Evolve beyond • Increase revenues variable fee contracts end to end plant manpower into through planned and clients that focus operations in industrial
Slide 37: Thank You
~ Bluspring Thank You