Q2FY24 Quarterly Result Announced for SIS Ltd.

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