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Commercial Services company SIS announced Q4FY24 & FY24 results:
FY24 Financial Highlights:
- Revenue: SIS Limited reported FY24 revenue at Rs 12,261 crore, marking an 8.1%YoY.
- EBITDA: The EBITDA for FY24 stood at Rs 585 crore, reflecting an 18.9% rise compared to the previous year.
Q4FY24 Financial Highlights:
- Revenue: In Q4FY24, revenue from operations was Rs 3,173.6 crore, up by 4.7% compared to Q4FY23 and increased by 2.1% over Q3FY24.
- EBITDA: EBITDA for Q4FY24 reached Rs 149.6 crore, an 11.0% growth from Q4FY23, though there was a 1.2% decrease from Q3FY24.
- Security Solutions India: Q4FY24 saw Rs 1,309 crore in revenue, a 7.8% YoY growth and a slight decrease of 0.7% from the previous quarter.
- Security Solutions International: This segment recorded Rs 1,322 crore in revenue in Q4FY24, a 2.4% YoY increase and 6.1% growth from the previous quarter.
- Facility Management Solutions: Revenue reached Rs 520 crore in Q4FY24, up 3.3% YoY, with a minor QoQ decrease of 1.0%.
- Cash Logistics Solutions: The segment reported an 8.8% YoY revenue increase, maintaining the same level QoQ, with an EBITDA of Rs. 30 crore in Q4FY24, a 21.9% rise from the previous year.
- Operating Profit After Taxes (OPAT): The OPAT for Q4FY24 was Rs. 53.9 crore, a significant decrease of 42.1% from Q4FY23.
- Return Ratios: The Return on Capital Employed (ROCE) for Q4FY24 was noted at 12.9%.
- Cash Conversion: The Operating Cash Flow (OCF) to EBITDA ratio for the quarter was reported at 172.6%.
Commenting on the performance,Rituraj Kishore Sinha, Group Managing Director said, “SIS achieved a milestone revenue and EBITDA of INR 12,261.4 crore. and INR 584.5 crore. respectively, in FY24 boosted by the robust performance of the Security Solutions - India segment, with EBITDA growth of 18.9% ahead of revenue growth of 8.1%. Our OCF/EBITDA for FY24 is at 67.5%, amongst the highest for SIS.”
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