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HomeMarketStocksSIS Q2 Results: Net profit dips marginally to Rs 67 cr

SIS Q2 Results: Net profit dips marginally to Rs 67 cr

New Delhi, has posted a marginal decline of 1.46 per cent in web revenue at Rs 67.4 crore for the second quarter ended September 30. The online revenue of the corporate within the July-September quarter of the previous fiscal stood at Rs 68.4 crore.

Its revenue for the quarter elevated by 14 per cent to Rs 2,767.7 crore, from Rs 2,430.9 crore a yr 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 yr in the past.

The money logistics section 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 business, it stated.

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

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

The corporate has persistently 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, SIS group managing director Rituraj Sinha stated.

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