Key Consolidated Financial Performance

SIS Limited reported unaudited financial results for Q2 FY27 (quarter ended September 30, 2026) showing strong growth across key metrics:

Financial Highlights (₹ crore):

| Metric | Q2 FY27 | Q2 FY26 | YoY Growth | Q1 FY27 | QoQ Growth |

| Revenue from operations | 4,816.0 | 3,758.5 | 28.1% | 4,603.6 | 4.6% |

| EBITDA | 223.3 | 168.3 | 32.7% | 207.1 | 7.8% |

| EBITDA % | 4.6% | 4.5% | - | 4.5% | - |

| PAT | 110.7 | 80.7 | 37.1% | 101.7 | 8.9% |

| PAT % | 2.3% | 2.1% | - | 2.2% | - |

Segment-wise Performance

Security Solutions India:

  • Revenue: ₹2,144.1 crore in Q2 FY27 vs ₹1,543 crore in Q2 FY26 (38.9% YoY growth) and ₹2,004 crore in Q1 FY27
  • Highest-ever quarterly EBITDA: ₹113.2 crore
  • EBITDA margin: 5.3% in Q2 FY27 vs 5.1% in Q1 FY27
  • Major wins from Ecommerce, Metals & Mining, and IT/ITES sectors

Security Solutions International:

  • Revenue: ₹2,019.6 crore in Q2 FY27 vs ₹1,607 crore in Q2 FY26 (25.7% YoY growth, 6.3% constant currency growth)
  • EBITDA: ₹71.9 crore (34.5% YoY growth)
  • EBITDA margin: 3.6% in Q2 FY27
  • Growth driven by new wins in Energy and Hospitality sectors

Facility Management Solutions:

  • Revenue: ₹677.3 crore in Q2 FY27 vs ₹629 crore in Q2 FY26 (7.6% YoY growth) and ₹642 crore in Q1 FY27
  • Highest-ever quarterly EBITDA: ₹38.3 crore (17.8% YoY growth)
  • EBITDA margin: 5.7% in Q2 FY27 vs 5.5% in Q1 FY27
  • Major wins from Healthcare, Material, Steel and Consumers sectors

Financial Ratios and Position

  • Return Ratios: ROCE at 16.5% and RoE at 16.0% in Q2 FY27
  • Net Debt to EBITDA: Net Debt/EBITDA at 1.24x as of September 2026, increased from 1.05x as of June 2026
  • Cash Conversion: OCF/EBITDA on consolidated basis was -44.4% for the quarter
  • Group DSO: 69 days

Management Commentary

Mr. Rituraj Kishore Sinha, Group Managing Director, commented: "In Q1, we called FY27 an inflection year. Q2 establishes the trend – record revenue of INR 4,816 cr. with y-o-y revenue growth of 28%, EBITDA growth of 33% and our highest-ever quarterly PAT of INR 111 cr. The major chunk of the Labour Code repricing benefit is still ahead of us."

Company Background

SIS is a ~₹16,000 crore Indian Multinational and Essential services Market Leader in India with more than 350,000 employees. The company has offices across 600+ districts and is among the Top 10 private sector employers. SIS is #1 in Security Solutions, #1 in Facility Management and #2 in Cash Logistics segments in India, and is also the largest Security Solutions company in Australia.