SIS

Demand resilience for essential services

Jul 29, 2021 11:07 IST capital market

Consolidated Quarterly Result YoY comparison

Net sales (including other operating income) of SIS has increased 9.81% to Rs 2379.29 crore.  Sales of Security Services segment has gone up 10.83% to Rs 2,081.30 crore (accounting for 87.22% of total sales).  Sales of Facilities Management segment has gone up 4.19% to Rs 305.02 crore (accounting for 12.78% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 0.14% to Rs 121.34 crore.  PBIT of Security Services segment rose 1.94% to Rs 108.22 crore (accounting for 89.19% of total PBIT).  PBIT of Facilities Management segment fell 12.61% to Rs 13.12 crore (accounting for 10.81% of total PBIT).  

PBIT margin of Security Services segment fell from 5.65% to 5.20%.  PBIT margin of Facilities Management segment fell from 5.13% to 4.30%.  Overall PBIT margin fell from 5.58% to 5.08%.  

Operating profit margin has slumped from 5.58% to 5.10%, leading to 0.37% rise in operating profit to Rs 121.34 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 0.29% to 0.34%.   Purchase of finished goods cost fell from 0.51% to 0.32%. Employee cost decreased from 77.87% to 77.81%.   Other expenses rose from 15.76% to 16.43%.   

Other income fell 49.96% to Rs 11.55 crore.  Provision for interest fell 34.10% to Rs 24.56 crore.  

Provision for depreciation fell 5.47% to Rs 26.98 crore.  

Profit before tax grew 4.08% to Rs 81.35 crore.  Share of profit/loss was 120.69% lower at Rs -0.64 crore.  Provision for tax was expense of Rs 21.21 crore, compared to Rs 20 crore.  Effective tax rate was 26.28% compared to 25.68%.

Minority interest decreased 62.34% to Rs 0.29 crore.  Net profit attributable to owners of the company increased 3.70% to Rs 59.21 crore.  

Promoters stake was 72.88% as of 30 June 2021 ,compared to 74.33% as of 30 June 2020 .

Management Comment:

Commenting on the performance, Mr. Rituraj Kishore Sinha, Group Managing Director said, With June 2021 monthly run rate of Rs788 Crs, stable and improving margins and a strong Balance Sheet on the back of record collections, Q1FY22 marks a solid start to FY22. We have vaccinated 1.94 lakh employees (92% of employees) with first dose and 33K employees (17% of employees) with both doses of the vaccine and are targeting 100% full vaccination by September. I am also immensely proud and humbled that GPTW has recognised SIS as No. 31 in Best Employers and also ranked us in the top 15 Nation Builders category. Considering what our employees have gone through over the past 15 months, this is a testimony to their dedication, commitment and the SIS culture.

SIS : Consolidated Results

 

2106 (3) 2103 (3) Var. (%) 2103 (12) 2003 (12) Var. (%)
Sales 2379.29 2166.73 10 9127.30 8485.17 8
OPM (%) 5.1 5.6 5.7 6.1
OP 121.34 120.88 0 520.78 520.39 0
Other inc. 11.55 23.08 -50 477.79 53.15 799
PBIDT 132.89 143.96 -8 998.57 573.54 74
Interest 24.56 37.27 -34 127.25 151.72 -16
PBDT 108.33 106.69 2 871.32 421.82 107
Dep. 26.98 28.54 -5 113.03 128.34 -12
PBT 81.34 78.16 4 758.29 293.47 158
P/L on Associates -0.64 -0.29 121 0.55 -4.40 -112
PBT after profit from associates 80.71 77.87 4 758.84 289.07 163
EO - - - 276.25 - -
PBT after EO 80.71 77.87 4 482.59 289.07 67
Taxation 21.21 20.00 6 115.38 63.62 81
PAT 59.50 57.87 3 367.21 225.45 63
EPS (Rs)* # # 39.4 15.4
* EPS is on current equity of Rs 73.36 crore, Face value of Rs 5
# EPS is not annualized due to seasonality of business
Figures in Rs crore
Source: Capitaline Corporate Database

SIS: Consolidated Segment Results

 

Segment 2106 (3) 2006 (3) Var. (%) 2103 (12) 2003 (12) Var.(%)
Sales
Security Services 2081.30 1877.97 11 8018.28 7220.62 11
Facilities Management 305.02 292.75 4 1127.26 1278.17 -12
Total Sales 2386.31 2170.72 10 9145.53 8498.79 8
Inter Segment Revenue 7.02 3.99 76 18.23 13.63 34
Net sales 2379.29 2166.73 10 9127.30 8485.17
PBIT
Security Services 108.22 106.16 481.86 432.47
Facilities Management 13.12 15.02 -13 39.04 87.92 -56
Others 0.00 -0.29 -100 -0.12 #DIV/0!
Total EBITDA 121.34 120.88 0 520.78 520.39 0
LESS: Interest expenses 24.56 30.39 -19 107.05 113.46 -6
LESS: Depreciation 23.94 23.62 1 99.06 105.76 -6
Less: Unallowable Exp -7.86 -10.99 -28 -167.93 12.10
PBT 80.71 77.87 4 482.59 289.07 67
Note: Figures in Rs crore

Powered by Capital Market - Live News

Related Story

Open Free Demat Account (Rs699)