New Delhi, India – January 28, 2025: SIS Limited (NSE: SIS, BSE: 540673), a leading security and facility management services provider, has announced its unaudited financial results for Q3 FY2024-25, reporting ₹3,362.5 crore in revenue and ₹102.1 crore in net profit, marking a 176.6% year-over-year (YoY) growth. The company also approved the reappointment of Independent Directors and reaffirmed its strategic expansion plans.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Revenue from Operations: ₹3,362.5 crore (YoY increase of 9.4% from ₹3,073.6 crore)
- Total Income: ₹3,394.5 crore
- EBITDA: ₹156.8 crore (YoY increase of 3.6% from ₹151.4 crore)
- EBITDA Margin: 4.7% (up from 4.4% in Q2 FY25)
- Profit Before Tax (PBT): ₹114.3 crore (YoY increase of 40.0% from ₹81.7 crore)
- Net Profit (PAT): ₹102.1 crore (YoY increase of 176.6% from ₹36.9 crore)
- Earnings Per Share (EPS): ₹7.1 per share.
Nine-Month Performance (April – December 2024) (Consolidated)
- Total Revenue: ₹9,761.2 crore (YoY increase of 7.0% from ₹9,123.8 crore)
- EBITDA: ₹438.9 crore
- Profit Before Tax (PBT): ₹261.5 crore
- Net Profit (PAT): ₹235.1 crore (YoY increase of 16.6% from ₹201.7 crore)
- EPS: ₹16.3 per share.
Strategic Developments & Key Announcements
- Reappointment of Independent Directors:
- Upendra Kumar Sinha was reappointed as Independent Director for five years (effective June 29, 2025).
- Vrinda Sarup reappointed as Independent Director for five years (effective June 20, 2025).
- Both appointments are subject to shareholder approval.
- Record Quarterly Revenue Across Business Segments:
- Security Solutions – India: ₹1,420 crore (YoY increase of 7.7%).
- Security Solutions – International: ₹1,383 crore (YoY increase of 11.1%).
- Facility Management Solutions: ₹576 crore (YoY increase of 9.7%).
- Cash Logistics Solutions: ₹181.9 crore (YoY increase of 12.0%).
- Improved Cash Flow & Debt Management:
- Net Debt reduced by ₹224.7 crore in Q3.
- Net Debt/EBITDA improved to 1.07 (from 1.86 in Q3 FY24).
- Operating Cash Flow (OCF) to EBITDA ratio at 163.5%.
- Cash Logistics Business Expansion & Upcoming IPO:
- SIS-Prosegur recorded its highest-ever revenue of ₹181.9 crore in Q3.
- Cash Process Outsourcing (CPO) revenue grew 30.9% YoY.
- The SIS-Prosegur IPO process is in the final stages.
Management Commentary
Rituraj Kishore Sinha, Group Managing Director, SIS Limited, stated:"SIS has delivered its highest-ever quarterly revenue and EBITDA. Our growth across security, facility management, and cash logistics reflects strong market demand and operational excellence. The upcoming IPO for our cash logistics division will unlock significant shareholder value.".
Market Outlook & Investor Takeaways
- SIS Limited remains India's market leader in security and facility management services.
- Revenue growth across all business segments signals strong market positioning.
- The upcoming SIS-Prosegur IPO is expected to enhance business expansion opportunities.