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SIS Q2 net profit dips marginally to Rs 67 cr, revenue jumps 14%

Ltd has posted a marginal decline of 1.46 per cent in internet revenue at Rs 67.4 crore for the second quarter ended September 30.

The web revenue of the corporate within the July-September quarter of the previous fiscal stood at Rs 68.4 crore.

Its income for the quarter elevated by 14 per cent to Rs 2,767.7 crore, from Rs 2,430.9 crore a 12 months in the past, the agency engaged in safety, facility administration and money logistics options stated in a press release on Thursday.

Earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) or working revenue declined by 11 per cent to Rs 109.8 crore as of September 30 this fiscal, from Rs 123.1 crore in the identical interval a 12 months in the past.

The money logistics phase continues its robust income progress with a income progress of 4.2 per cent over earlier quarter and 41.5 per cent over Q2 FY22, pushed by new wins in door-step banking and money processing outsourcing enterprise, it stated.

The EBITDA margins additionally proceed to enhance and is a testomony to the excessive margin nature of the money logistics phase, it stated.

It additional stated that the home safety options phase witnessed a income rise of Rs 1,150 crore from Rs 945 crore in the identical quarter a 12 months in the past.

The corporate has constantly delivered income and enterprise progress yearly and continued distributions to shareholders within the type of dividends and buybacks yearly since its itemizing 5 years in the past, group managing director Rituraj Sinha stated.

(Solely the headline and movie of this report might have been reworked by the Enterprise Customary workers; the remainder of the content material is auto-generated from a syndicated feed.)

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