Miscellaneous Commercial Services company SIS announced Q2FY24 results: 1. Financial Performance: - SIS Ltd. reported revenue of Rs 3,073.6 crore in Q2FY24, showing a YoY growth of 11.1%. - EBITDA for the quarter was Rs 144.5 crore, with a YoY growth of 31.6%. - Profit after taxes stood at Rs 75.3 crore, showing a YoY growth of 4.0%. 2. Segmental Revenues: - Security Solutions India recorded revenue of Rs 1,302 crore in Q2FY24, a YoY growth of 13.2%. - Security Solutions International achieved revenue of Rs 1,259 crore in Q2FY24, a YoY growth of 8.4%. - Facility Management Solutions segment reached revenues of Rs 528 crore in Q2FY24, a YoY growth of 12.0%. - Cash Logistics Solutions segment experienced a revenue growth of 22.0% YoY. 3. Return Ratios: - SIS Ltd. maintained a robust return on equity (ROE) of 15.5% in Q2FY24. - Cash conversion, measured by operating cash flow (OCF) to EBITDA, was 2.3%. 4. Business Updates: - Security Solutions India saw significant growth in the Manufacturing, BFSI, Energy, Logistics, and Real estate sectors. - Security Solutions International achieved growth through new wins in the Mining, Technology, Retail, and Hospitality sectors. - Facility Management Solutions segment witnessed major wins in the Real Estate, Technology, Government, Manufacturing, and BFSI sectors. - Cash Logistics Solutions continued its strong growth, driven by new wins in cash in transit (CIT) business. Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said, “SIS, an essential services leader, continues its growth momentum crossing the Rs 1,000 crore. monthly revenue milestone. Significantly higher margins of the Security Solutions – India segment aided the improving results. Cash Logistics business continues its highperformance trend with a focus on newer solutions with a higher margin profile. With the Cash Logistics business on a high-performance trajectory, we are now evaluating shareholder value unlocking options.” Result PDF
Miscellaneous commercial services company SIS announced Q1FY24 results: Revenue from operations at Rs 2,976.7 crore compared to Rs 2,678.2 crore, up 11.1% YoY EBITDA of Rs 139.0 crore compared to Rs 120.7 crore, up 15.2% YoY EBITDA % of 4.7% in Q1FY24 compared to 4.5% in Q1FY23 Profit after taxes of Rs 89.5 crore compared to Rs 82.5 crore in Q1FY23, up 8.4% YoY Profit after taxes% of 3.0% in Q1FY24 compared to 3.1% in Q1FY23 Segmental revenues are as follows: Security solutions India: Rs 1,229 crore in Q1FY24 vs Rs 1,058 crore in Q1FY23 and Rs 1,215 crore in Q4FY23 Security solutions international: Rs 1,243 crore in Q1FY24 vs Rs 1,205 crore in Q1FY23 and Rs 1,290 crore in Q4FY23 Facility management solutions: Rs 519 crore in Q1FY24 vs Rs 428 crore in Q1FY23 and Rs 504 crore in Q4FY23 ROE of Q1FY24 was 15.5%; our strong return ratios continue. OCF/EBITDA on a consolidated basis was -26.1% for Q1FY24, which resulted from an increase in DSO which was in line with the past trends of Q1. Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said, “Q1FY24 results signal a solid start to FY24. The trend of the last few quarters demonstrates that growth is back across segments. Margin improvement actions are also yielding results. On track to achieve pre-COVID margin levels.” Result PDF
Conference Call with SIS Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Commercial Services company SIS announced Q4FY23 & FY23 results: Q4FY23: Revenue of Rs 2,995.7 crore, up 13.1% YoY EBITDA of Rs 134.8 crore, up 8.3% YoY PAT of Rs 93.1 crore, up -4.4% YoY Security Solutions India: Rs 1,215 crore in Q4FY23 vs Rs 1,037 crore in Q4FY22, and Rs 1,203 crore in Q3FY23 Security Solutions International: Rs 1,290 crore in Q4FY23 vs Rs 1,237 crore in Q4FY22, and Rs 1,219 crore in Q3FY23 Facility Management Solutions: Rs 504 crore in Q4FY23 vs Rs 386 crore in Q4FY22, and Rs 497 crore in Q3FY23 Cash Conversion - OCF/EBITDA on a consolidated basis was 144.2% for the quarter FY23: Revenue of Rs 11,346 crore, up 12.8% YoY EBITDA of Rs 491.6 crore, up -1.4% YoY PAT of Rs 347 crore, up 6.3% YoY ROE of FY23 was 15.7% Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said, “Growth is back which is reflected in the Revenue, coupled with steady QoQ improvement in margins over the last couple of quarters. Consistent growth momentum would enable us to continue adding to our immense scale. With Rs. 175 cr. monthly revenue in FM, SIS is now also India’s # 1 FM company.” Result PDF