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BLUSPRING Diversified 10 Feb 2026

Bluspring Enterprises Limited — Q3 FY26

Bluspring reported Q3 FY26 revenue of 844 crores, up 10% YoY, driven by facility management and security verticals.

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Revenue ₹844 Cr +10%
EBITDA ₹32 Cr +12%
PAT ₹19 Cr
EBITDA Margin 3.8% +37bps
Duration 48 min
Read Time 1 min read

Financial stats pending filing verification

2-Minute Summary

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Bluspring reported Q3 FY26 revenue of 844 crores, up 10% YoY, driven by facility management and security verticals. EBITDA grew 12% YoY to 32 crores, with margins expanding 37 bps QoQ to 3.8%. PAT stood at 19 crores. The quarter included a one-time exceptional charge of 29.8 crores related to new labor code provisions. Growth was supported by new contract wins (ACV of 89 crores) and margin improvement in food services. However, telecom revenue remained flattish due to delayed network rollouts. Management expects telecom to recover in Q4 and guides for EBITDA margin expansion to 4%. The AI platform Foundit is expected to break even in three quarters. Key risk: telecom recovery may be slower than anticipated, impacting overall growth.

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Telecom rollout delays persist

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Quarter Snapshot

New contract ACV (facility & food) 79 crores
+11% YoY

New sales in facility and food verticals added 79 crores of annual contract value in Q3.

Security headcount addition (12 months) 2,500
+12% YoY

Security vertical added 2,500 headcount over the last 12 months, driving 15% revenue growth.

Telecom & industrial EBITDA margin 9.9%
+160 bps YoY

Telecom & industrial segment EBITDA margin improved 160 bps YoY to 9.9% despite flat revenue.

Net debt reduction 107 crores
-29 crores QoQ

Net debt reduced by 29 crores quarter-on-quarter to 107 crores, driven by improved collections.

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Guidance and risk preview

Top guidance EBITDA margin target of 4% in Q4 FY26

Management expects to expand EBITDA margins further to 4% in Q4, up from 3.8% in Q3.

Top risk Telecom rollout delays persist

Telecom revenue remained flattish due to delayed network rollouts by operators; recovery may be slower than guided.

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