SIS slips after dismal Q4 outcome

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Capital Market
Last Updated : May 04 2020 | 3:50 PM IST

Security and Intelligence Services (India) (SIS) fell 2.68% to Rs 408.80 after the company reported a consolidated net loss of Rs 4.05 crore in Q4 March 2020 (Q4 FY20) compared with net profit of Rs 72.63 crore in Q4 March 2019 (Q4 FY19).

Consolidated net sales rose 13% to Rs 2209.75 crore in Q4 FY20 over Q4 FY19.

On the segmental front, revenues of Security Services - India segment rose 18.7% and of Security Services - International segment rose 5.2% while those of Facilities Management business jumped by 23.5% in Q4 FY20 over Q4 FY19.

Consolidated EBITDA increased by 20.6% year-on-year (YoY) to Rs 138.5 crore in Q4 FY20.

The EBITDA margin was at 6.3% in Q4 FY20 as compared to 5.9% in Q4 FY19.

The company's total expenditure rose 12.7% YoY to Rs 2073.76 crore in Q4 March 2020. Current tax expenses fell by 38.6% to Rs 26.34 crore in Q4 FY20 over Q4 FY19. Profit before tax (PBT) jumped 84.3% to Rs 114.70 crore in Q4 March 2020 from Rs 62.22 crore in Q4 March 2019.

The company's consolidated net profit rose 4.5% to Rs 225.47 crore on a 19.6% increase in net sales to Rs 8485.17 crore in the full year ended on 31 March 2020 (FY20) over the year ended on 31 March 2019 (FY19). PBT jumped 38% to Rs 289.07 crore in FY20 over FY19.

Security and Intelligence Services (India) operates in business segments of security, facility management & cash logistics services.

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First Published: May 04 2020 | 3:17 PM IST

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