Bluspring Enterprises Limited is an infrastructure management services company that unifies six powerhouse brands – Avon, Indya Foods, Terrier, Hofincons,Vedang, and foundit – into a single, integrated ecosystem.
Commenting on the performance, Executive Director & CEO, Kamal Pal Hoda said, “We are pleased to report a steady start to FY26, with robust revenue of Rs 777 crore and EBITDA of Rs 24 crore (excluding investments), driven by disciplined execution and continued strength across our core businesses. While Facility & Food Services and Telecom & Industrial Services delivered double-digit Y-o- Y revenue growth on the back of healthy demand and strong execution, Security Services maintained a stable trajectory with 8% growth. Given the inherent seasonality in our high-margin businesses, particularly in the first quarter for Telecom and Food Services, we saw a decline in EBITDA margins. We also continued our investments in scaling foundit, as we remain confident in its potential to emerge as a profitable recruitment platform in the medium term.
As we advance through our first year of operations, we are intensifying our focus on driving sales, enhancing operational efficiency and harnessing technology to deliver deeper impact for our clients. Backed by our seasoned leadership, deep sector expertise, and integrated delivery model, we are well positioned to create long-term value for all our stakeholders. We are committed to building a strong, future-ready brand as India’s leading integrated infrastructure management company”.
Q1 FY26 Segmental Highlights
Food services witnessed seasonality owing to academic holidays in education sector. Revenue at Rs 476 cr with EBITDA at Rs 19 cr; 22 new contracts added with an ACV of Rs 73 cr.
Telecom and Industrial Services, Revenue at Rs 152 cr with EBITDA at Rs 12 cr, Seasonality in Telecom business as network roll-out is slower in Q1 but strong growth momentum in Industrials – added 4 contracts of Rs 10 cr ACV.
Security Services, Revenue at Rs 149 cr with EBITDA at Rs 4 cr; 21,762 associates, up by 10% on a YoY basis, with focus on high-margin electronic surveillance systems – launched ‘Smart Homes’ solution and
Investments – foundit with Revenue at Rs 20 cr with an operational EBITDA of Rs (16 cr) and Product revamp on track; sales push and cost optimization benefits to follow with Strong candidate and recruiter metrics; Headcount at 87,378, a 4% growth on a YoY basis.
