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This Article is From May 03, 2024

SIS Q4 Review - Results Below Expectations; Improving Outlook To Support Growth: Axis Securities

From a long-term perspective, we believe SIS is sorting out client-specific engagement in verticals such as International business

SIS Q4 Review - Results Below Expectations; Improving Outlook To Support Growth: Axis Securities
Security services provided by SIS Ltd. (Source: Company website)
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Oasis Securities Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Axis Securities SIS Q4 Fy24 Result Update.pdf
VIEW DOCUMENT

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