Security Intelligence Services posts decline in bottomline

Security Intelligence Services reported subdued bottomline for the quarter and higher revenues and operational profits 

The total revenue for the quarter rose by 28.6 per cent in Q4FY18 to Rs.1592 crore vs Rs.1238 crore in Q4FY17. This was largely aided by 31 per cent increase in revenue by Australian services and 24 per cent YoY increase in Indian services. 

The operating profit for the quarter rose by 33.5 per cent YoY to Rs.87 crore in Q4FY18 vs Rs.65 crore in Q4FY17. The EBITDA margin for the quarter rose by 20 bps to 5.5 per cent as against 5.3 per cent in the corresponding quarter previous year. 

The company posted decline in net profit to Rs 36 crore in Q4FY18 as compared with Rs.55 crore in the corresponding quarter previous year. The associate company's net loss was Rs 5 crore in Q4FY18 vs Rs.1 crore profit during the same period previous year. 

On a full year basis, the net revenue grew by 33.8 per cent YoY, while EBITDA for the quarter rose by 58 per cent YoY, and the bottomline grew by 48.6 per cent