BLUSPRING
Bluspring Enterprises share price & financials
- Price
- ₹111.33
- Market cap
- ₹1.7k Cr
- Sector
- Services
- Calls analysed
- 5
Bluspring Enterprises Limited Q1 FY27
What went well
- Revenue (excluding foundit) grew 20% year-on-year.
- EBITDA increased 48% year-on-year to INR35 crores.
- PAT grew 34% year-on-year to INR16 crores.
What to watch
- foundit reported an EBITDA loss of ~INR14 crores in Q1 FY27.
- Q1 was traditionally impacted by seasonal factors, including education institutions being shut and slower telecom deployment.
What Bluspring Enterprises Limited does
Bluspring Enterprises is an integrated infrastructure services company, formed in February 2024 via demerger from Quess Corp, that delivers outsourced facility management, food and catering, security, telecom network deployment, and industrial asset management to corporate, institutional and industrial clients across India. It earns through multi-year outsourcing and managed-services contracts under operating brands including Avon (facility management), Indya Foods (catering), Terrier Security Services, Vedang (telecom network services) and Hofincons (industrial asset management). It also holds an investment in foundit, an AI-driven white-collar hiring platform operating across India, Southeast Asia and the Middle East.
Segments
- Facility and Food Services
- Telecom & Industrials
- Security Services
- foundit (Investment)
- Clients served
- 1,000+ clients nationally
- Geographic footprint
- Presence across 28 states and 34 cities in India
- Infrastructure space managed
- 360 Mn+ sq. ft.
- Workforce composition
- 1,534 core employees plus 86,149 associates (~87,700 total)
- Security guards deployed
- 24,000+ guards across 23 PSARA-licensed states (Terrier Security Services)
- Catering scale
- 5 central kitchens serving 300,000 meals/day to 25+ clients (Indya Foods)
Guidance record · Q1 FY27
what the last two calls moved 20 tracked 3 delivered 3 missed 14 open- Overall EBITDA Margin delivered said Q1 FY26 Promised: take the business on an overall basis to an exit of this year to close to around 4% Q1 FY27: Promise concluded and achieved in FY26.
- Foundit Quarterly Revenue missed said Q1 FY26 Promised: by the end of quarter three, we should be hovering around INR30 crores to INR35 crores Q1 FY27: Promise concluded and missed in FY26.
- Foundit Breakeven at risk said Q1 FY26 Promised: we should be able to achieve the breakeven by Q3 of this year Q1 FY27: EBITDA loss increased to 14 cr from 9 cr in Q4. Management reiterates target of breakeven by end of FY27.
All 20 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 19.1%, net profit up 77.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 770 | 791 | 802 | 797 | 857 +11% | 863 +9% | 865 +8% | 949 +19% |
| EBITDA | 23 | 21 | 5 | 12 | 17 −23% | 24 +16% | 25 +429% | 21 +76% |
| Net profit | 2 | -158 | -23 | -7 | 4 +98% | -23 +85% | 4 +116% | -2 +78% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +64.1% 1Y
1Y: ₹80.14 on 10 Sept 2025 → ₹131.48. High ₹138.96 (4 Sept 2026), low ₹44.72 (19 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.9%
- 1 Aug
- Q4 FY26
- +5.2%
- 20 May
- Q3 FY26
- −0.7%
- 4 Feb
- Q2 FY26
- −1.4%
- 7 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
| Year ending | FY26 |
|---|---|
| Revenue | ₹3.4k Cr |
| Operating profit | ₹78 Cr |
| Operating margin | 2.3% |
| Interest | ₹34 Cr |
| Depreciation | ₹47 Cr |
| Net profit | ₹-23 Cr |
| Net margin | -0.7% |
| Cash from operations | ₹5 Cr |
| Free cash flow | ₹2 Cr |
| ROCE | 5.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹149 Cr | ₹149 Cr | ₹149 Cr |
| Reserves | ₹569 Cr | ₹539 Cr | ₹519 Cr |
| Borrowings | ₹160 Cr | ₹243 Cr | ₹136 Cr |
| Other liabilities | ₹654 Cr | ₹791 Cr | ₹882 Cr |
| Total liabilities | ₹1.5k Cr | ₹1.7k Cr | ₹1.7k Cr |
| Fixed assets | ₹495 Cr | ₹495 Cr | ₹512 Cr |
| Capital work in progress | ₹7 Cr | ₹0 Cr | ₹8 Cr |
| Investments | ₹35 Cr | ₹35 Cr | ₹35 Cr |
| Other assets | ₹995 Cr | ₹1.2k Cr | ₹1.1k Cr |
| Total assets | ₹1.5k Cr | ₹1.7k Cr | ₹1.7k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in BLUSPRING
Filings to Jul 2026
0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).
- Held by funds
- ₹5 Cr
- 1 schemes
- Biggest holder
- HDFC Dividend Yield Fund
- ₹5 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Dividend Yield Fund HDFC Mutual Fund | ₹5 Cr | held | Apr '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 0 trimmed — net 0 shares (+0.0%)
- Funds are sitting on
- +65%
- vs est. average cost
- Held by funds
- ₹5 Cr
- 1 schemes · ≈ 0.26% of the company
Shares held by these funds 0%
Apr '25 4.00 L shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Bluspring Enterprises Limited
Guides on how to read this kind of business and the numbers that matter.