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Axis Securities Report
In Q4 FY24, SIS Ltd. reported revenue of Rs 3,138 crore, registering a growth of 2%/5% QoQ/YoY. The company's consolidated Ebitda for the quarter de-grew by 3.8% QoQ to Rs 150 crore on account of the rebound of international business and strong demand for Indian security solutions.
It reported a net income of Rs -11.7 crore, which declined by 132%/113% QoQ/YoY.
Security Services in India declined for the quarter by 0.7% QoQ. However, the management is confident about the rising demand for security guards and mandatory checkups moving forward.
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