Security Intelligence Service profit doubles in Q4FY19

Security Intelligence Service (SIS) reported stellar performance across the board for the fourth quarter of FY19.

The company’s consolidated revenue for the quarter surged nearly 21.6 per cent to Rs. 1,954.8 crore from the corresponding quarter of the previous year. The revenue of Security Solutions India grew to Rs. 779 crore from Rs. 572 crore in Q4FY18, while revenue from Security Solutions International was at Rs. 902 crore as against Rs. 841 crore in Q4FY18. Also, revenue from Facility Management increased to Rs. 277 crore from Rs. 182 crore in Q4FY18.

EBITDA for Q4FY19 too surged nearly 35 per cent yoy to Rs. 114.8 crore with a corresponding margin expansion of 60 bps. EBITDA margin for the quarter stood at 5.9 per cent.

Remarkably, the company's net profit doubled to Rs. 72.4 crore from Rs. 36.1 crore in Q4FY18. Also, the net margin in the quarter improved to 3.7 per cent from 2.3 per cent in Q4FY18.

Looking at full-year performance, the company reported 22 per cent yoy growth in FY19 to Rs. 7,093.3 crore. Also, its net profit grew by 31.7 per cent to Rs. 214.7 crore.

In terms of return ratios, ROCE and RONW for FY19 was at 18.6 per cent and 18.8 per cent, respectively.