SIS reports a mixed set of numbers for Q4FY21 Mr. Jyoti Roy, Angel Broking Ltd
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Below are Quote on SIS reports a mixed set of numbers for Q4FY21 by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd
SIS reported a 10.7% YoY increase in revenues for Q4FY21 to ₹2445.2 crore. EBIDTA for the quarter was down by 10.9% YoY to ₹12.3 crore while EBIDTA margins contracted by 123bps YoY to 5.04%. Adjusted net profit for the quarter was down by 4.8% YoY to ₹102.2 crore largely on account of a 55% increase in other income & share of profits from associates to ₹ 74.2 crore. Revenue growth for the quarter was driven by the International security solutions business which registered a growth of 12.2% YoY while India security solutions and facilities management business registered degrowth of 2.5% and 13.7% respectively. While the company has posted decent revenue growth for the quarter the contraction in margins is a negative.
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