SIS Q3 Review - Strong Recovery In Across Business Segments: Yes Securities

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Security and Intelligence Services Ltd. reported revenue of Rs 26 billion( up 7% QoQ), led by recovery across business segments‐ ( India security business up 5.2% QoQ; International security business up 7.2% QoQ; facilities management up 9.4% QoQ. Facilities management business which was worst impacted due to Covid-19 lockdowns showed strong recovery with ease in lockdown restrictions across the economy. Ebitda margin was flat QoQ at 5% despite, despite pay revision, one time incentive payouts and expenses towards medical assistance and vaccination of employees. Margin recovery is on track and moving back to pre Covid level. During the quarter, SIS completed the acquisition of remaining 49% shares in Platform4 Group. Gross debt declined by Rs 120 million QoQ; while cash and equivalent was down 760 million QoQ on increase in day sales outstanding during the quarter resulting from large contract deployment..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

SIS Q3 Review - Strong Recovery In Across Business Segments: Yes Securities