Security and Intelligence Services reports mix set of numbers

Security and Intelligence Services (SIS) reported a mixed set of numbers for the quarter ended on September 2018. The company's consolidated revenue for Q2FY19 was up by almost 16 per cent yoy to Rs. 1,690.2 crore.

SIS is a security, facility management and cash logistics service provider company. SIS' India Security business recorded almost 20 per cent yoy growth, while Australia security business reported around 9 per cent yoy growth. Notably, facility management business recorded around 33 per cent yoy growth.

Its EBITDA for the quarter grew by 5.5 per cent yoy to Rs. 78.2 crore. However, EBITDA margin during the period contracted by almost 50 bps to 4.6 per cent from 5.1 per cent in Q2FY18.

The reported net profit for the period was down by almost 26 per cent yoy to Rs. 43.78 crore.

In response to this quarterly numbers, the stock of SIS opened on a negative note at Rs. 817.2 apiece as against its previous close of Rs. 837.3. At 11.58 hours, the stock was trading at Rs. 811, down by almost 3.1 per cent.