You are here: Home » PTI Stories » National » News
Business Standard

SIS Q4 net profit drops 35 pc at Rs 36 cr

Topics
Business Finance

Press Trust of India  |  New Delhi 

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."

During the fourth quarter of 2016-17, there was a tax break linked to job creation so that was one of the exceptional income available to the company, he said, adding, on quarter-on-quarter basis, there is increase in profit in the last quarter of the fiscal gone by as well.

He said record cash flow generation and return ratios showcase the company's disciplined approach and financial prudence.

Stock of SIS closed 1 per cent down at Rs 1,317.60 apiece on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, May 09 2018. 20:40 IST
RECOMMENDED FOR YOU