Analysts/Institutional Investor Meet/Con. Call Updates

Date: August 02, 2026 BSE Limited, National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Bandra- Kurla Complex, Bandra Rotunda Building, PJ Towers, (East), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 NSE Symbol: BLUSPRING Scrip Code: 544414 Dear Sir/ Madam, Sub: Transcript of Earnings Call – Q1 FY27 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of the Earnings Call held on August 01, 2026. The above information is also available on the website of the Company at https://bluspring.com/financial-information/ Request you to please take the same on record. Yours sincerely, For Bluspring Enterprises Limited Arjun Sunil Makhecha Company Secretary & Compliance Officer Membership no. ACS 29253 Encl: as above Bluspring Enterprises Limited Registered Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648 “Bluspring Enterprises Limited Q1 FY27 Earnings Conference Call” August 01, 2026 MANAGEMENT: MR. KAMAL PAL HODA – CHIEF EXECUTIVE OFFICER – BLUSPRING ENTERPRISES LIMITED MR. PRAPUL SRIDHAR – CHIEF FINANCIAL OFFICER – BLUSPRING ENTERPRISES LIMITED MR. NIBODH SHETTY – HEAD, INVESTOR RELATIONS – BLUSPRING ENTERPRISES LIMITED Page 1 of 21 Bluspring Enterprises Limited August 01, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Bluspring Enterprises Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference call over to Mr. Nibodh Shetty, Head of Investor Relations. Thank you and over to you, sir. Nibodh Shetty: Thank you, operator. Good morning, everyone. Thank you for joining Bluspring Enterprises Limited Q1 FY27 Earnings Call. At this point, we would like to highlight that today's discussion may include forward-looking statements which are based on current expectations and are subject to business risks, regulatory changes, macroeconomic, and geopolitical conditions. We do not guarantee these statements or results and are not obliged to update them at any given point of time. These statements should be read in conjunction with the safe harbor clause provided in Slide number 2 of our investor presentation. With that backdrop, I hand the call over to our CEO, Mr. Kamal Pal Hoda for his opening remarks, followed by our CFO, Mr. Prapul Sridhar. Over to you, Kamal. Kamal Pal Hoda: Thank you, Nibodh. Good morning and a very warm welcome to each of you joining us on this call today. It's a genuine privilege to engage with you once again and to share what has been, by any measure, a defining and momentous quarter in Bluspring's continuing journey. We completed one full year of listing on June 11, and we are proud that we delivered on all fronts in our first year. We've concluded the acquisition of STEAG Energy Services India Private Limited, or STEAG, on May 21, 2026, and the numbers of STEAG have been consolidated from that date in our financials. STEAG, as envisaged, has been a transformational acquisition for us and is elevating our organization to a new growth trajectory. As announced earlier, we won 4 large multi-year deals at STEAG, which would contribute to over INR 5,100 crores to Bluspring's top line over the next 5 years. 3 out of the 4 deals have gone live since July 1, and 4th one would commence from the 1st week of August. We are also in process of closing our second acquisition of LSG Sky Chefs India Private Limited in next couple of weeks. As a part of this transaction, we are acquiring the Bengaluru operations of LSG India, which is a leading in-flight catering company. Bengaluru Airport is the fastest-growing airport in India and has recently surpassed Mumbai to become the second largest airport in India by passenger footfalls. LSG India caters to world's fastest-growing major airline IndiGo, in addition to other major international carriers like Etihad, Qatar Airways, and Lufthansa. This is a high entry barrier, high margin, and highly regulated business with multi-year contractual cash flows. We have multi-year contracts with airlines we cater to, and we have a concession agreement with the airport operator to operate this kitchen till 2039. Page 2 of 21 Bluspring Enterprises Limited August 01, 2026 Airline catering is a niche business with high quality and consistency standards. LSG India clocked annual revenue of INR112 crores in FY26 and EBITDA margins in high teens. The company is debt-free and has a free cash balance of INR 57 crores in addition to deposit given to BIAL. We would acquire the company for INR 166 crores including cash, subject to closing adjustments. Coming to our quarterly performance. Our business continued its strong growth trajectory during the quarter, with 2 of our 3 core segments delivering strong double-digit growth. Telecom and industrial business were primarily growth drivers, complemented by contributions from security services. Although Q1 is traditionally impacted by seasonal factors including education institutions being shut for vacations and slower telecom deployment activity, we maintained strong operational momentum. Additionally, we effectively managed inflationary pressures in our food business stemming from supply chain disruptions in the Middle East, resulting in strong overall financial performance for the quarter. Coming to our quarterly performance, excluding our investments in foundit, revenue for Q1 FY27 was up 20% year-on-year. Our sales and operations engine continued to deliver and we mobilized 77 new contracts with annual contract value of INR132 crores during the quarter. EBITDA for the quarter stood at INR35 crores, up 48% year-on-year. EBITDA margin stood at 3.8% compared to 3.1% during the same quarter last financial year. We recorded PAT of INR16 crores, up 34% year-on-year. EPS for the quarter stood at INR1.1 per share. Now coming to segment-wise updates, starting with facility and food services. This segment continues to be the largest driver for our business, contributing to over 55% of our revenues. The segment clocked revenue of INR520 crores for the quarter, growing 9% year-on-year, however flat quarter-on-quarter due to seasonality in food business as mentioned, due to education institutions are shut for vacations. The year-on-year growth in revenue was aided by strong sales momentum across the facility and food business with new clients being onboarded. Despite seasonality and impact of higher LPG prices playing out during the quarter, the EBITDA grew 25% year-on-year to INR 24 crores, and EBITDA margins held steady at 4.6%. The EBITDA growth was driven by volume growth, reduction in low margin clients during the previous year, and effective management of operating costs. Moving to security services. The security business continued to break previous quarter's record of total headcounts and registered a new high crossing 24,900 headcounts. In this quarter, we added almost 900 security guards. The segment clocked highest ever revenue of INR185 crores during the quarter, growing by 24% year-on-year. EBITDA for the quarter stood at INR5 crores, up by 37% year-on-year. The focus of the business continues to add -- continues to be adding new logos, increasing business from existing clients, and further strengthening sourcing channels to enable faster mobilization. Page 3 of 21 Bluspring Enterprises Limited August 01, 2026 Moving on to our third segment, which is Smart Infra, Energy, and Engineering. Please note that the erstwhile ‘Tele [Showing first 8,000 characters — download PDF for full document]