Small-cap stock: SIS share price surged almost 12 per cent in intraday trade on the BSE on Wednesday, January 29, a day after the company reported a stellar 177 per cent jump in its profit after tax (PAT) for the December quarter of the current financial year (Q3FY25). SIS share price opened at ₹319 against its previous close of ₹307.55 and jumped 11.72 per cent to the level of ₹343.60. It pares some gains later. Around 11 AM, the stock traded 8.60 per cent higher at ₹334.
SIS, which claims to be number one in security solutions and facility management, number two in cash logistics segments in India, and the largest security solutions company in Australia, reported a healthy set of Q3 numbers on January 28.
The company said its PAT for Q3FY25 stood at ₹102.1 crore, up 176.6 per cent from the PAT of ₹36.9 crore in the corresponding quarter last year.
Profit margin improved to 3 per cent for the quarter against 1.2 per cent YoY.
The company's revenue from operations rose 9.4 per cent YoY to ₹3,362.5 crore from ₹3,073.6 crore in the same quarter last year.
EBITDA stood at ₹156.8 crore, marking an increase of 3.6 per cent YoY from ₹151.4 crore last year. EBITDA margin, however, saw a mild drop of 20 bps to 4.7 per cent from 4.9 per cent.
“SIS achieves its highest ever quarterly revenue and EBITDA in Q3FY25. EBITDA Margin percentage continues to improve. Cash conversion remains robust with further improvement in DSO and a significant reduction in net debt/EBITDA," said Rituraj Kishore Sinha, Group Managing Director, SIS.
The small-cap stock has been under strong pressure over the last year. Till January 28 close, the stock had declined nearly 41 per cent over the last year.
On a monthly scale, the stock has been down since October last year amid a broad-based market selloff.
SIS shares hit a 52-week low of ₹302.20 in the previous session (January 28, 2025). They hit a 52-week high of ₹538.95 on January 30 last year.
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