Security and Intelligence Services soars 15% post Q2 results

The stock soared 15% to Rs 1,029 on the BSE, its highest level since listing on August 10, 2017.

Security and Intelligence Services (India) soared 15% to Rs 1,029 on the BSE after the company reported more than four-fold jump in net profit at Rs 58.9 crore in September quarter (Q2FY18), on the back of higher other income.  It had logged profit of Rs 2.13 crore in the same quarter a year ago.

The company’s revenue from operations grew 35.7% at Rs 1,460 crore against Rs 1,076 crore in the corresponding quarter of previous fiscal. Other income increased by 12 times to Rs 24.5 crore from Rs 2.1 crore in previous year quarter.

EBITDA (earnings before interest,