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Earnings Call Transcript

SIS Earnings Call Transcript: Key Takeaways

SIS reports record Q1 revenue but flat QoQ EBITDA, pinning future margin expansion heavily on the implementation of the new Labor Code and minimum wage hikes.

Highlights
Revenue growthStrong 29.7% YoY growth driven by security and facility management segments.
MarginsFlat QoQ EBITDA margin at 4.5%; targeting expansion to 5-6%.
Demand visibilityPositive; sector tailwinds from organized market share gains and wage hikes.
Management confidenceConfident; emphasizing structural benefits from Labor Code and regulatory shifts.

Growth

Revenue grew 29.7% YoY to 4,604 Cr; EBITDA increased 36.2% YoY but remained flat sequentially at 207 Cr.

Outlook

Management targeting 15% annual profit growth and 15% ROCE, aiming for 5.5-6% Indian EBITDA margins.

Risks

Sequential margin stagnation and reliance on regulatory tailwinds (Labor Code) to drive profitability improvements.

Last quarter's promises, checked

Delivered

  • Guided 15%+ ROCE → delivered 16.5% (= BEAT)
  • Targeted EBITDA >200 Cr → delivered 207 Cr (= BEAT)
  • Guided 15% growth CAGR → delivered 31% YoY revenue growth (= BEAT)

Partly delivered

  • Guided 5-6% EBITDA margins → delivered 4.5% (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: SIS. Summary written with AI assistance from the document.

Read the document ↗

SIS Ltd: key numbers

Share price
₹418.40
Market cap
₹5,914 Cr
Revenue (annual)
₹15,982 Cr
Net profit (annual)
₹137.8 Cr
P/E (TTM)
40.4×Sector 41.4×
Promoter holding
71.86%-0.02% QoQ
FII holding
13.27%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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18:14 IST BSE
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18:53 IST BSE
Capital Structure Change

SIS Capital Structure Change

SIS Limited repurchased 50,000 equity shares on September 22, 2026, at an average price of ₹428.32 per share, totaling approximately ₹2.14 Crore.

Value
₹2.14 Cr
17:25 IST BSE
Capital Structure Change

SIS Capital Structure Change

SIS Limited repurchased 60,000 equity shares on September 21, 2026, at an average price of ₹431.13 per share under its ongoing buyback program.

Value
₹2.59 Cr
18:52 IST BSE
Capital Structure Change

SIS Capital Structure Change

SIS Limited repurchased 69,483 equity shares at an average price of ₹428.99 per share on September 18, 2026. The total consideration for this daily buyback is ₹2.98 Crore.

Value
₹2.98 Cr
22:40 IST BSE
Capital Structure Change

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SIS Limited bought back 1,00,000 equity shares at an average price of ₹424.44 per share. The transaction value amounts to approximately ₹4.24 Crore.

Value
₹4.24 Cr