SIS Q4 net profit drops 35 pc at Rs 36 cr

Security and Intelligence Services (India) Ltd (SIS) today reported a drop of over 35 per cent in its net profit at Rs 36.10 crore for the quarter ended March of 2017-18.

Company's net profit in the corresponding January-March quarter stood at Rs 55.60 crore in 2016-17.

Revenue for the quarter, however, increased by 28.6 per cent at Rs 1,592.20 crore as against Rs 1,238.10 crore in the same period a year ago, the company said in a statement.

For the full year 2017-18, net profit grew by 48.6 per cent to Rs 163 crore from Rs 109.70 crore in 2016-17.

Income for the fiscal was up 33 per cent at Rs 5,833.40 crore from Rs 4,387.20 crore.

The board of directors have recommended a final dividend of Rs 1.5 per equity share, taking total dividend for the year to Rs 3.5, the company said.

Rituraj Kishore Sinha, Group Managing Director said: "Our first full year result post listing, demonstrates the robustness and scalability of our high growth... Substantial margin improvement in India businesses is a reflection of operating leverage and pricing power of our brands."