SIS

SIS Ltd on Tuesday reported a 16.5 per cent increase in its profit after tax to Rs 79 crore for the third quarter ended December 2023. The company -- operating in facility management, security and cash logistics -- had posted adjusted profit after tax (PAT) of Rs 68 crore in the corresponding quarter of the previous fiscal. Adjusted PAT is profit adjusted for the benefits of Section 80JJAA of the Income Tax Act, SIS Ltd said in a statement. Section 80JJAA of the Income Tax Act deals with deductions with respect to the employment of new workmen. SIS, a USD 1.5 billion Indian multinational and essential services player with over 2,85,000 employees, reported a revenue growth of 6 per cent at Rs 3,073 crore compared to Rs 2,904 crore a year ago. The cash logistics segment continues to post strong revenue growth with a 13.7 per cent rise over Q3 FY23, driven by new wins in cash in transit (CIT) business. The company, in a regulatory filing, said the joint venture partners in SIS Cash

SIS Ltd on Monday posted an 11.6 per cent rise in net profit at Rs 75.3 crore in the second quarter ended September 2023. The net profit of the company in the July-September quarter of the preceding fiscal stood at Rs 67.4 crore. The company's revenue in the quarter increased by 11 per cent to Rs 3,073.6 crore, from Rs 2,767.7 crore a year ago, the firm engaged in security, facility management and cash logistics solutions said in a regulatory filing. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit improved by 31.6 per cent to Rs 144.5 crore as of September 30 this fiscal, from Rs 109.8 crore in the same period a year ago. The cash logistics segment continues its strong revenue growth with 22 per cent growth driven by new wins in cash in transit (CIT) business, it said. SIS Group Managing Director Rituraj Kishore Sinha said, "SIS, an essential services leader, continues its growth momentum crossing the Rs 1,00-crore monthly revenue ...

But valuations have turned attractive after sharp corrections since January

SIS Ltd has posted a marginal decline of 1.46 per cent in net profit at Rs 67.4 crore for the second quarter ended September 30. The net profit of the company in the July-September quarter of the preceding fiscal stood at Rs 68.4 crore. Its revenue for the quarter increased by 14 per cent to Rs 2,767.7 crore, from Rs 2,430.9 crore a year ago, the firm engaged in security, facility management and cash logistics solutions said in a statement on Thursday. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) or operating profit declined by 11 per cent to Rs 109.8 crore as of September 30 this fiscal, from Rs 123.1 crore in the same period a year ago. The cash logistics segment continues its strong revenue growth with a revenue growth of 4.2 per cent over previous quarter and 41.5 per cent over Q2 FY22, driven by new wins in door-step banking and cash processing outsourcing business, it said. The EBITDA margins also continue to improve and is a testament to the high

As part of the contract, SIS will deploy security personnel in different categories to provide security services across 18 sites

he firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15