Commercial Services company SIS announced Q4FY24 & FY24 results: FY24 Financial Highlights: Revenue: SIS Limited reported FY24 revenue at Rs 12,261 crore, marking an 8.1%YoY. EBITDA: The EBITDA for FY24 stood at Rs 585 crore, reflecting an 18.9% rise compared to the previous year. Q4FY24 Financial Highlights: Revenue: In Q4FY24, revenue from operations was Rs 3,173.6 crore, up by 4.7% compared to Q4FY23 and increased by 2.1% over Q3FY24. EBITDA: EBITDA for Q4FY24 reached Rs 149.6 crore, an 11.0% growth from Q4FY23, though there was a 1.2% decrease from Q3FY24. Security Solutions India: Q4FY24 saw Rs 1,309 crore in revenue, a 7.8% YoY growth and a slight decrease of 0.7% from the previous quarter. Security Solutions International: This segment recorded Rs 1,322 crore in revenue in Q4FY24, a 2.4% YoY increase and 6.1% growth from the previous quarter. Facility Management Solutions: Revenue reached Rs 520 crore in Q4FY24, up 3.3% YoY, with a minor QoQ decrease of 1.0%. Cash Logistics Solutions: The segment reported an 8.8% YoY revenue increase, maintaining the same level QoQ, with an EBITDA of Rs. 30 crore in Q4FY24, a 21.9% rise from the previous year. Operating Profit After Taxes (OPAT): The OPAT for Q4FY24 was Rs. 53.9 crore, a significant decrease of 42.1% from Q4FY23. Return Ratios: The Return on Capital Employed (ROCE) for Q4FY24 was noted at 12.9%. Cash Conversion: The Operating Cash Flow (OCF) to EBITDA ratio for the quarter was reported at 172.6%. Commenting on the performance,Rituraj Kishore Sinha, Group Managing Director said, “SIS achieved a milestone revenue and EBITDA of INR 12,261.4 crore. and INR 584.5 crore. respectively, in FY24 boosted by the robust performance of the Security Solutions - India segment, with EBITDA growth of 18.9% ahead of revenue growth of 8.1%. Our OCF/EBITDA for FY24 is at 67.5%, amongst the highest for SIS.” Result PDF
Conference Call with SIS Ltd. Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with SIS Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.