SIS Ltd Q4FY22 PAT down -4.74% at Rs97.38 crore yoy on sharp spike in manpower costs

5 May 2022 , 08:13 AM

SIS Ltd reported 8.29% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs2,648.01 crore. On a sequential basis, revenues were higher for the quarter by 1.81%.

For the full year FY22, the revenues were higher by 10.2% at Rs10,059 crore. EBITDA for the fourth quarter was up 0.9% at Rs124.4 crore.

Out of the total revenue break up, domestic security solutions stood at Rs1,037 crore, international security solutions at Rs1,237 crore and facilities management and Rs386 crore dur the fourth quarter Q4FY22.

The consolidated net profit for Q4FY22 was down -4.74% at Rs97.38 crore while it was down on a sequential basis by -3.26%.

The manpower costs were up sharply in the quarter, which actually led to fall in profits. Also, the fall in profit yoy would have been much higher had it not been for the exceptional loss of Rs276 crore in Q3FY21.

This was offset by tax credits in the current quarter for the company. Net margins stood at 3.68% in Q4FY22 quarter compared to 4.18% in Q4FY21. NPM was lower sequentially against 3.87% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	SIS Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,648.01	₹ 2,445.21	8.29%	₹ 2,600.85	1.81%
Net Profit (Rs cr)	₹ 97.38	₹ 102.23	-4.74%	₹ 100.66	-3.26%
Diluted EPS (Rs)	₹ 6.54	₹ 6.88		₹ 6.77
Net Margins	3.68%	4.18%		3.87%