Commercial Services company SIS announced Q1FY25 results:
- Revenue from operations: Rs 3,129.9 crore (up 5.1% YoY, down 0.2% QoQ)
- EBITDA: Rs 137.4 crore (down 1.2% YoY, down 8.2% QoQ)
- EBITDA %: 4.4% (down from 4.7% in Q1 FY24)
- Operating Profit after taxes: Rs 64.2 crore (down 28.3% YoY, up 19.1% QoQ)
- Operating Profit after taxes %: 2.1% (down from 3.0% in Q1 FY24)
Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said, “Security Solutions – India reported its highest-ever quarterly revenue at Rs 1,337.5 crore. Robust performance of the FM business with margins at 4.2%. For SIS group the consolidated EBITDA dropped marginally on the back of the underperformance of Security Solutions – International. Budget 2024 signals the government’s thrust on job creation. As one of the largest employers in India, we see interesting prospects. However, we await details to fully assess implications and opportunities for SIS.”