SIS logs 12.6% yoy growth in Q1 revenue at Rs2,678 crore

27 Jul 2022 , 10:26 AM

SIS Ltd. has announced its Unaudited Financial Results for the quarter ended June 30 , 2022.

Key Highlights:

• Consolidated Revenue for Q1 FY23 at Rs2,678 crore; 12.6% YoY growth
• Consolidated EBITDA for Q1 FY23 at Rs121 crore
• Sound Return Ratios – RONW at 18%

The Cash Logistics segment continues its strong revenue growth with a revenue growth of 7.8% over previous quarter on a normalized basis and 46.0% over Q1 FY22 driven by new wins in Door-step banking and Cash in Transit business. 

The EBITDA margins also continue to improve the cash logistics segment.

Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said, “Our Q1FY23 results illustrate the predictability of our business model, as an essential services business, which continues to grow at a healthy rate, with the economy growing post pandemic. Also, we are very proud to be recognized as the #4 Best Employer to work, for FY22, by Great Place to Work.”

At around 10:27 AM, SIS was trading at Rs449.30 per share down by Rs2.2 or 0.49% from its previous closing of Rs451.50 per share on the BSE.