ALFA Finder| Management target | Revenue 18.0% FY28 |
|---|
| Revenue growth | Revenue +49% YoY to ₹1,250 Cr; partly acquisition-driven. |
|---|---|
| Margins | EBITDA margin 5.4%, +188bps YoY; 6% targeted before FY30. |
| Order book | H1 new contracts ACV over ₹900 Cr; total book not stated. |
| Demand visibility | Strong: power and metals capex cited; ₹641 Cr ACV mobilized. |
| Management confidence | Over-optimistic; repeatedly 'confident' while deflecting debt and tax questions. |
Growth
Revenue +49% YoY, boosted by STIAC and LSG acquisitions; core businesses grew 16%. Margin also aided by a one-off credit-loss provision reversal.
Outlook
Guides ~₹4,700 Cr revenue for FY27. Targets 18-20% growth in FY28 and 6% EBITDA margin before FY30.
Risks
Interest cost doubled to ₹16 Cr on ₹420 Cr gross debt. H1 tax rate 49% vs 22% guidance, unexplained. Gross DSO above 90 days.
Last quarter's promises, checked
Delivered
- LSG close 'next couple of weeks' → consolidated from Aug (= BEAT)
- Organic growth 15-16% → core +16% (= BEAT, top end)
Partly delivered
- Exit FY27 EBITDA margin >5% → Q2 5.4%, year-end unproven (= PARTIAL)
- FY27 revenue >₹4,700 Cr → Q2 ₹1,250 Cr, FY total not reported (= PARTIAL)
- STEAG FY27 ~₹1,000 Cr → Energy/STIAC segment ₹449 Cr, STEAG not isolated (= PARTIAL)
Missed
- ETR 22% → H1 49% (= MISS)
- Aggressive acquisition-debt repayment → gross debt ₹307 Cr → ₹420 Cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: BLUSPRING. Summary written with AI assistance from the document.
Bluspring Enterprises Ltd: key numbers
- Share price
- ₹156.12
- Market cap
- ₹2,335 Cr
- Revenue (annual)
- ₹3,382 Cr
- Net profit (annual)
- ₹-15.34 Cr
- P/E (TTM)
- -997.2×Sector 47.2×
- Promoter holding
- 58.41%+0.36% QoQ
- FII holding
- 5.28%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Bluspring Enterprises Ltd
All →Bluspring Enterprises Investor Presentation: Key Takeaways
Q2 FY27 ex-foundit revenue ₹1,250 Cr (+49% YoY), EBITDA ₹67 Cr (5.4% margin), PAT ₹32 Cr (2.5%). Growth is acquisition-led in Smart Infra; strategy is integrated infrastructure services.
Bluspring Enterprises Results Update
Bluspring Enterprises' press release shows Q2 FY27 revenue up 49% YoY and PAT up 95%. Results exclude foundit, and no event value is assigned.
Bluspring Enterprises Q2 FY27 Results: Net Profit ₹12.7 Cr, Up 262.9% YoY
Bluspring Enterprises Ltd reported revenue from operations of ₹1,272 Cr (+48.3% YoY) and net profit of ₹12.7 Cr (+262.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹12.7 Cr · +262.9% YoY
Bluspring Enterprises Employee Stock Options
Bluspring Enterprises allotted 38,711 equity shares under its Special Purpose SOP 2025 on November 4, 2026. Paid-up capital rose to Rs.149.54 Crore after the allotment.
Bluspring Enterprises Board Meeting Date
Bluspring Enterprises has scheduled a board meeting for November 6, 2026, to consider Q2/H1 FY27 unaudited financial results. The trading window stays closed until November 9, 2026.
Bluspring Enterprises Price Movement Clarification
Bluspring Enterprises Limited clarified that there is no material information or impending announcement causing the recent increase in its share trading volume. The movement is market-driven.