Bluspring Enterprises Ltd · NSE:BLUSPRING
Bluspring Enterprises — Q4 FY26 Earnings Presentation
36 slides from Bluspring Enterprises's earnings presentation, May 2026
Slide 1: Bluspring Enterprises Limited Q4 FY26 Investor Presentation
BLUSPRING ENTERPRISES LIMITED Q4 FY26 Investor Presentation
Slide 2: 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 3: 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 4: Company Overview
$$ Bluspring Company Overview
Slide 5: 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 Integrated Security Services T
Slide 6: What We Do
What We Do Facility and Food Telecom & Industrial Security foundit (Investment) Integrated Facility Food Management & Hospitality Services offered: Services offered: Services offered: Services offered: ➢ Soft & Hard Services ➢ O&M, Installation & ➢ Man-guarding ➢ AI powered Job Search ➢ Pest Control
Slide 7: 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 7 Previous experience
Slide 8: 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 8
Slide 9: 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% 6.3% 1.7% FPI 5.5% MF Ellipsis Partners LLC | 8.1% 3.
Slide 10: Key Differentiators
Key Differentiators 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 digital workforc
Slide 11: Pan India Player with Balanced and Diversified Revenue Mix
Pan India Player with Balanced and Diversified Revenue Mix 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% Telecom, 11
Slide 12: Brands that Trust Us
Brands that Trust Us ‘}Bluspring Cibila MONT” i La 7 IDFC FIRST th (ILL 4 @ BIANC adani £5) oe a TATA STEEL Reliance t CBS Sihzavcr mtb industries Hine ADITYA BIRLA @iNy Dixon Foxconn = = rd = The brand behind brands TATA POWER CITIZENS o w Cognizant @ Bombardier PAA motorola MARUTI SARA Mahindra am
Slide 13: Quarterly Highlights
$$ Bluspring © | Quarterly Highlights
Slide 14: Q4 FY26 Key Highlights (Excluding foundit)
Q4 FY26 Key Highlights (Excluding foundit) 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 exceptional i
Slide 15: Consistent Growth in Key Financial Metrics Since Listing
Delivered Consistent Growth in Key Financial Metrics Since Listing in Q1 FY26 (Excl. foundit) Revenue (In ₹ Cr) EBITDA (In ₹ Cr) 9% 846 777 49% 35 24 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 PAT and adjuste
Slide 16: Segment-wise Updates
$$ Bluspring Segment-wise Updates
Slide 17: Q4 FY26 Financial Highlights (Excluding foundit)
Q4 FY26 Financial Highlights (Excluding foundit) 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% ▲ 38% Total
Slide 18: FY26 Financial Highlights (Excluding foundit)
FY26 Financial Highlights (Excluding foundit) 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 2,969 3,304 ▲ 1
Slide 19: Facility and Food Services – Business Performance
Facility and Food Services – Business Performance Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 19% 514 521 519 476 4.7% 4.5% Q4’26 4.0% 4.0% 19 21 23 24 81% Q1'26 Q2'26 Q3'26 Q4'26 Revenue EBITDA EBITDA% IFM Food Client concentration% Sector-wise concentration% 18% 11%
Slide 20: Telecom & Industrials – Business Performance
Telecom & Industrials – Business Performance Financial Performance (₹ Cr) Revenue Distribution Revenue and EBITDA Trend 152 155 151 157 11.2% 52% 9.9% 8.2% Q4’26 7.6% 48% 12 13 15 18 Q1'26 Q2'26 Q3'26 Q4'26 Revenue EBITDA EBITDA% Industrials Telecom Client concentration% Activity share % 1% 2% 2% 1%
Slide 21: Security Services – Business Performance
Security Services – Business Performance Financial Performance (₹ Cr) Headcount ▲ 14% YoY Revenue and EBITDA Trend 24,053 173 169 23,136 23,340 168 149 21,762 21,157 3.5% 3.0% 2.4% 2.5% 4 5 4 6 Q1'26 Q2'26 Q3'26 Q4'26 Revenue EBITDA EBITDA% Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Client concentration% Sector-
Slide 22: foundit – Business Performance
foundit – Business Performance 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 Q3'26 Q4'26 Revenue EBITDA EBITDA% Recru
Slide 23: Financials
$$ Bluspring Financials
Slide 24: Income Statement (excluding foundit)
Income Statement (excluding foundit) 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 (7) (7) (7)
Slide 25: Income Statement (Consolidated)
Income Statement (Consolidated) 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 (11) (11) (11)
Slide 26: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) 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 1,558 1,690 8
Slide 27: Cashflow Statement
Cashflow Statement 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 (net of Repaymen
Slide 28: Addition of STEAG Energy Services India to Bluspring
Addition of 5 STEAG Energy Services India to Bluspring
Slide 29: Addition of STEAG Energy Services (India) Private Limited to Bluspring
Addition of STEAG Energy Services (India) Private Limited (“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, Africa 100% 51
Slide 30: Wide Range of Services Offered
Wide Range of Services Offered Services Offered Key Clients Operation & Maintenance and Overhauling services: • Comprehensive O&M; Field operations & maintenance; O&M support services; overhauling & commissioning services Energy Technologies: • Engineering services incl. design, planning, constructi
Slide 31: Key Investment Highlights
Key Investment Highlights 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 and pre- cap
Slide 32: Impact of Addition of SESI to 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 topline ➢ EBITD
Slide 33: Looking Ahead
$$ Bluspring Looking Ahead
Slide 34: The Opportunity
The Opportunity 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 Expanding outsour
Slide 35: Key Focus Areas
Key Focus Areas 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 surveillance
Slide 36: Thank You
Thank You
Bluspring Enterprises — Q4 FY26 Earnings Presentation on 6ix