Event Type: Q1 FY27 Earnings Conference Call

Date and Time: August 06, 2026 (specific time not mentioned in the transcript)

Purpose of Event: Discussion of Q1 FY27 financial results and business updates

Management Participants:

  • Mr. Rituraj Sinha – Deputy Managing Director
  • Mr. Brajesh Kumar – Chief Financial Officer
  • Mr. Vineet Toshniwal – President – M&A and Investor Relations
  • Mr. R S Murali Krishna – Chief Executive Officer – SIS International

Availability of Materials: The transcript has been made available on the Company's website at https://sisindia.com/financial-results-presentations/#1690378281934-e3fd7a88-c799

Financial Period Discussed: Q1 FY27 (April-June 2026)

Key Financial Highlights:

  • Revenue: ₹4,604 crore (29.7% YoY growth, 2.5% QoQ growth)
  • EBITDA: ₹207 crore (36.2% YoY growth, flat QoQ)
  • EBITDA Margin: 4.5%
  • PAT: ₹101.7 crore (2.2% margin)
  • ROCE: 16.7% (improvement from 14% a year ago)
  • DSO: 66 days (increased by 3 days from Q4)

Business Segment Performance:

  • India Security: Revenue ₹2,004 crore (37.3% YoY growth), EBITDA ₹103 crore (5.1% margin)
  • Facility Management: Revenue ₹642 crore (8% YoY growth), EBITDA margin 5.5%
  • International Security: Revenue ₹1,982 crore (31% YoY growth, 7% constant currency), EBITDA ₹69.6 crore (3.5% margin)

Strategic Updates:

  • Labor Codes implementation underway after rules notification on May 8-9, 2026
  • Expected to be accretive to both EBITDA and PAT levels over next 3-4 quarters
  • Minimum wage hikes in various states (Haryana 40%+, UP 23-24%, Karnataka 20%+) expected to be passed through to clients

Capital Return Program:

  • Board approved fifth buyback of INR 106 crore through open market route
  • Maximum buyback price: ₹478.50 per share
  • Cumulative capital returned to shareholders: Over ₹700 crore (5 buybacks + 4 dividends)
  • Buyback scheduled to open next week (from August 12, 2026)

Additional Business Updates:

  • Monthly revenue run rate: ₹1,578 crore across all segments
  • A P Securitas performance: Revenue ₹332 crore, EBITDA ₹12.2 crore
  • Cash business IPO: DRHP filed, waiting for opportune time given market conditions
  • Labor shortage: No exceptional issues reported, normal seasonal patterns

Additional Notes Section

  • The document includes the full transcript of the earnings call with analyst Q&A
  • The transcript contains detailed management commentary on business performance, regulatory environment, and future outlook