Bluspring Enterprises Ltd · NSE:BLUSPRING
Bluspring Enterprises — Q2 FY26 Earnings Presentation
34 slides from Bluspring Enterprises's earnings presentation, Nov 6, 2025
Slide 1: Stock exchange cover letter for Q2 FY26 investor presentation
Date: November 06, 2025 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,
Slide 2: Q2 FY26 Investor Presentation
BLUSPRING ENTERPRISES LIMITED Powering India’s Infrastructure Growth Q2 FY26 Investor Presentation 6th November 2025 1
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: Our Businesses
Our Businesses Facility and Food Telecom and Security Services foundit Services Industrial Services Soft & Hard Services Man-guarding AI powered Job Search O&M, Installation & Pest Control & Commissioning Electronic Enterprise and Tele sales Landscaping Digital Consulting Security Courses & Skill On
Slide 5: Contents
Contents 01 Financial Highlights 02 Segment-wise Updates 03 Financial Statements 04 Company Overview 4
Slide 6: Financial Highlights
Bluspring ~ @ Financial Highlights
Slide 7: Q2 FY26 Key Financial Highlights (excl. foundit)
Q2 FY26 Key Financial Highlights (excl. foundit) Revenue : INR 837 Cr EBITDA Margin: 3.5% Headcount: 90,000+ 14% YoY 8% QoQ 46 bps 41 bps 5% YoY 3% QoQ YoY QoQ PAT : INR 16 Cr PAT Margin : 1.9% EPS: INR 1.1 19% YoY 38% QoQ 8 bps 43 bps 19% YoY 38% QoQ YoY QoQ 6
Slide 8: Q2 FY26 Financial Update (excl. foundit)
Q2 FY26 Financial Update (excl. foundit) Revenue (In ₹ Cr) EBITDA (In ₹ Cr) & Margin (in %) 14% 1% 837 29 29 29 733 766 783 777 30 25 24 3.9% 3.8% 3.5% 3.2% 3.1% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 -10 22% 8% PAT* (In ₹ Cr) & Margin (in %) EPS* (In ₹) 19 % 19 % 16 1.1 14 13 0
Slide 9: Balanced and Diversified Business Mix
Balanced and Diversified Business Mix* We have a healthy diversified client base… … alongside exposure across a range of sectors Clients Revenue contribution Top 10 30% Top 20 42% Top 30 50% 5% Industrials 6% 23% Commercial spaces Zone-wise Concentration 8% Govt & Public Infra Telecom 9% Sector-wise
Slide 10: Segment-wise Updates
Bluspring ~ 02) Segment-wise Updates
Slide 11: H1 FY26 Financial Highlights (excl. foundit)
H1 FY26 Financial Highlights (excl. foundit) Figures In ₹ Cr Revenue H1 FY26 H1 FY25 YoY EBITDA H1 FY26 H1 FY25 YoY Facility & Food1 990 874 ▲ 13% Facility & Food1 40 46 ▼ (14%) Telecom & Industrials2 307 267 ▲ 15% Telecom & Industrials2 24 22 ▲10% Security3 317 280 ▲ 13% Security3 9 9 ▼ (3%) Total
Slide 12: Q2 FY26 Financial Highlights (excl. foundit)
Q2 FY26 Financial Highlights (excl. foundit) Figures In ₹ Cr Revenue Q2 FY26 YoY QoQ EBITDA Q2 FY26 YoY QoQ Facility & Food 514 ▲ 14% ▲ 8% Facility & Food 21 ▼ 20% ▲8% Telecom & Industrials 155 ▲ 11% ▲ 2% Telecom & Industrials 13 ▲ 12% ▲12% Security 168 ▲ 19% ▲13% Security 5 ▲ 27% ▲39% Total 837 ▲ 1
Slide 13: Facility and Food Services – Business Performance
Facility and Food Services – Business Performance Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 16% 16% 18% 17% 20% 476 514 4.0% 4.0% 84% 84% 82% 83% 80% 19 21 Q1 Q2 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Revenue EBITDA EBITDA% IFM Food Client concentration% Sector-wise concentra
Slide 14: Telecom and Industrial Services – Business Performance
Telecom and Industrial Services – Business Performance Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 152 155 56% 57% 59% 58% 55% 8.3% 7.6% 12 13 44% 43% 41% 42% 45% Q1 Q2 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Revenue EBITDA EBITDA% Industrials Telecom Client concentration% Secto
Slide 15: Security Services – Business Performance
Security Services – Business Performance Financial Performance (₹ cr) Headcount Revenue and EBITDA Trend 16% 23,136 168 149 21,762 3.0% 21,157 2.4% 20,792 19,994 4 5 Q1 Q2 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Revenue EBITDA EBITDA% 6% Client concentration% Sector-wise concentration% 7% 8% 5% 8% 10% 24% 25%
Slide 16: Foundit – Business Performance
Foundit – Business Performance Financial Performance (₹ cr) Recruiter Metrics Revenue and EBITDA Trend 20 21 Organic Jobs (‘000) 116.5 91.9 -61% -56% 38.2 50.5 25.4 -12 -12 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q1 Q2 (21)% Revenue EBITDA EBITDA% 6 Month Active Users (Mn) Candidate Metrics 24.7 26.6 29.0 29.
Slide 17: Financial Statements
03 Financial Statements 16 16
Slide 18: Income Statement (excl. foundit)
Income Statement (excl. foundit) Particulars ( in ₹ Cr) Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY H1 FY26 H1 FY25 YoY Revenue 837 777 ▲ 8% 733 ▲ 14% 1614 1420 ▲ 14% EBITDA 29 24 ▲ 22% 29 ▲ 1% 53 56 ▼ 5% EBITDA Margin % 3.5% 3.1% ▲ 41 bps 3.9% ▼ 46 bps 3.3% 3.9% ▼ 66 bps Depreciation & amortisation (8) (8) ▲ 3
Slide 19: Income Statement (Bluspring Consolidated)
Income Statement (Bluspring Consolidated) Particulars ( in ₹ Cr) Q2 FY26 Q1 FY26 QoQ Q2 FY25 YoY H1 FY26 H1 FY25 YoY Revenue 857 797 ▲ 8% 770 ▲ 11% 1655 1494 ▲ 11% EBITDA 17 12 ▲ 49% 23 ▼ 23% 29 41 ▼ 30% EBITDA Margin % 2.0% 1.5% ▲ 56 bps 2.9% ▼ 91 bps 1.8% 2.8% ▼ 101 bps Depreciation & amortisation
Slide 20: Balance Sheet (Bluspring Consolidated)
Balance Sheet (Bluspring Consolidated) Particulars (in ₹ Cr) Q2 FY2026 Q4 FY2025 Variance Assets Fixed Assets & Intangibles 495 509 (3%) Other Non-Current Assets 166 146 14% Trade Receiv ables & Unbilled Rev enue 962 776 24% Cash and Cash Equiv alent* 20 70 (72%) Loan and other current Assets 80 58
Slide 21: Cashflow Statement H1'26
Cashflow Statement H1’26 Particulars ( in ₹ Cr) Bluspring PBT (6) Cash generated from operations (97) Income taxes (paid)/refund received (30) Net Operating cashflows (A) (127) Expenditure on PPE & Intangibles (12) Other Investing Activities 6 Net Investing cashflows (B) (6) Borrowing (net of Repaym
Slide 22: Company Overview
Bluspring ~ 04 ) Company Overview
Slide 23: About Bluspring Enterprises Limited
About Bluspring Enterprises Limited Formerly a part of Quess Corp, Bluspring has demerged and developed into India’s leading integrated infrastructure management company offering a diversified range of services Our brands Facility F&B Services Security Services Engineering Asset Telecom & Job Portal
Slide 24: Bluspring's Evolution and Journey
Bluspring’s Evolution and Journey INITIAL PHASE EXPANSION PLATFORMIZATION LISTING 2007 - 2014 2014 - 2018 2018 - 2024 2025 - Beyond Entered into Forayed into 4 new Consolidated into Integrated Facility business services “Operating Asset Aspire to be India’s Management (IFM) • Food & Catering Managem
Slide 25: We drive tangible impact for our customers
1,000+ 366 Mn+ Sq. Ft. 182k+ We drive Clients Space Managed Meals Served per Day tangible impact for 2.4k+ 100+ Hospitals 237k our customers Sites Secured Managed Telecom Network Nodes Maintained per month 2,000+ MW 39 MTPA 13 Mn+ Job Power Capacity Served Metal Capacity Served Seekers 24
Slide 26: Led by a seasoned management team
Led by a seasoned management team... Previous experience Kamal Pal Hoda Prapul Sridhar Priyanka Executive Director & CEO Chief Financial Officer Priyadarshini CHRO • CA with 21+ years of experience • CA with 16+ years of experience • 22 years of HR Experience • Led as CFO, Corporate Finance Lead and
Slide 27: ...with a high-pedigree board
...with a high-pedigree board… Ajit Isaac 30+ Exp. Kamal Pal Hoda 20+ Exp. Chairman and Non-Executive Director CEO and Executive Director (Founder & Chairman of Quess, entrepreneur and (Seasoned leader in business and finance philanthropist) roles) Anish Thurthi 20+ Exp. 25+ Exp. Srivathsala K.N Non
Slide 28: ...and Unflinching Commitment to Corporate Governance
...and Unflinching Commitment to Corporate Governance 50% of directors are Independent Auditors & Internal Auditors Independent Non-Executive Directors Directors Consultants & Advisors Chairman & CEO & Non-Executive Executive Director Director 27
Slide 29: Key Differentiators
Key Differentiators Breadth of services and pan-India Operational Excellence presence ❑ Most diversified service provider among established ❑ Fastest sourcing and on-boarding process in industry players ❑ Strict compliance standards with strong HSE record ❑ Offices present in 18 States ❑ Employer of
Slide 30: Some of our Key Clients
Some of our Key Clients (() JLL SADA Gem) adani ral @xe¢ Qmotorola — gcimizens VI (fp) MANIPAL Dixon FOxCcOoOnNn rath ARG “ye UNIVERSITY The brand behind brands Se i > olliers TATA STEEL Cognizant @ Bombardier G = ws MABE Cilla = mariners amazon JS &MAXe%a manipalhospitals B® SIEMENS HYUNDAI Bluspri
Slide 31: 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 now to USD 7.3 trillion by 2030 2023-30 in infrastructure push, driving industrial & manufacturing capacity Rising Urbanization Expanding outsour
Slide 32: Foundational Principles and Strategic direction
Foundational Principles and Strategic direction… To be India’s largest and most trusted organization in Infrastructure Management Vision Services Build a leading infra services organization by enhancing client productivity and optimizing Mission processes Laying the groundwork for long-term value-un
Slide 33: Guiding towards 2030 strategic objectives
…Guiding towards 2030 strategic objectives Market Leading Growth Value creation for all 3x of GDP Organic Growth ROE of 20% 6% EBITDA Margin Book value: 15% CAGR Stable and long-term Promoters & 50% EBITDA to OCF conversion Investors Debt <1.5x EBITDA Culture: Entrepreneurial, Focus, Integrity, Team
Slide 34: Bluspring Enterprises Limited
BLUSPRING ENTERPRISES LIMITED 33
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