Bluspring Enterprises had a robust Q3 FY26 (excl.

Foundit), reporting revenue up 10% YoY to ₹ 844 Cr.

Adjusted PAT soared 54% YoY to ₹ 19 Cr, with EBITDA margin improving to 3.8%. **Business Performance:** Facility & Food services grew 11% YoY, boosted by ₹ 79 Cr in new contract wins.

Telecom & Industrials saw revenue up 2% YoY, overcoming network rollout slowdowns with a 36% YoY EBITDA jump from cost savings.

Security services expanded 15% YoY, adding 2,575 personnel.

Foundit, however, continued to weigh on overall results with negative EBITDA. **Growth Drivers & Strategy:** The company is sharp-focused on higher-margin contracts in high-growth sectors like MNCs, GCCs, IT, education, healthcare, and manufacturing.

Strategic moves include expanding into end-to-end industrial plant operations, exploring new telecom areas (satcoms, fiber optics, data centers), and evolving security into surveillance.

Foundit plans targeted marketing to boost revenues. **Key Financial Metrics (Q3 FY26 excl.

Foundit):** Revenue: ₹ 844 Cr (+10% YoY) Adjusted PAT: ₹ 19 Cr (+54% YoY) EBITDA Margin: 3.8% Adjusted EPS: ₹ 1.2 Headcount: 91k **Management Outlook:** Bluspring is set to capitalize on India's strong economic and infrastructure growth.

The total addressable market is forecast to grow at a 13% CAGR, from ₹ 170k Cr in FY25 to ₹ 245k Cr by FY28P, signaling significant future opportunities.