comparemela.com

Latest Breaking News On - ரிதுராஜ் கிஷோர் சீன்ஹா - Page 1 : comparemela.com

Essential services witnessing higher demand - The Hindu BusinessLine

‘Essential services witnessing higher demand’ May 10, 2021 SIS India MD also sees spike in demand for facility management, security services Essential services like security, facility management and cash logistics are either witnessing a demand recovery or steady flow across “pockets” in the country, says Rituraj Kishore Sinha, MD, SIS India. While the country grapples with a deadly second wave of Covid-19 infections, there has been a rise in demand (for security services and facility management) from hospitals, nursing homes, warehouses and manufacturing facilities. On the other hand, a “slow rebound” is happening in segments such as hotels, malls, offices, railways and airports – which remained closed for large parts of FY21, and are also facing the current brunt of state-wide lockdowns and restrictions. Some of these segments continue to face “low operating leverage” – working with a smaller workforce than required.

SIS trains almost its entire staff via M-Trainer

SIS trains almost its entire staff via M-Trainer © Provided by The Financial Express SIS currently employs 2.2 lakh security guards deployed across India. Using its M-Trainer platform, the Security and Intelligence Services (SIS)-India s biggest player in physical security, and second biggest in the area of cash logistics and facility management-has trained almost its entire security staff on pandemic-related operations. Rituraj Kishore Sinha, group MD, SIS, said that the M-Trainer provides digital training to the staff, primarily via smartphones. The M-Trainer uses short videos and then a questionnaire on a mobile app. In addition, we constantly provide behavioural training, how to file reports, and so on.

SIS gains after Q4 PAT stands at Rs 102 cr

SIS rose 1.45% to Rs 365.45 after the company s consolidated net profit stood at Rs 102.23 crore in Q4 FY21 as against net loss of Rs 3.91 crore in Q4 FY20. On a consolidated basis, net sales jumped 10.7% to Rs 2,445.21 crore in Q4 FY21 over Q4 FY20. EBITDA dropped 10.9% to Rs 123.30 crore in Q4 FY21 from Rs 138.50 crore in Q4 FY20. EBITDA margin stood at 5% in Q4 FY21 as against 6.3% in Q4 FY20. Meanwhile, the company generated the highest ever cash flows with total operating cash flow generation of Rs 640 crore with cash conversion at OCF/ EBITDA of 123% for FY21 and 89% for Q4 FY21. This has been on the back of strong collections, lower working capital needs and stable business.

Security firm SIS clocks ₹102 23 cr profit in Q4

Updated: Share Article AAA Security and facility management solutions provider SIS Ltd. on Wednesday posted a consolidated net profit of ₹102.23 crore for the quarter ended March 31 against a loss of ₹39 crore in the year-earlier period. On a quarter-on-quarter basis, profit grew 3%. Revenue from operations rose 10% to ₹2,445.20. For FY21, net profit rose 62% to ₹367.21 crore while revenue from operations increased 7.56% to ₹9,127.30 crore. “FY21 has been a year of validation. [As much as] 7.6%YoY revenue growth, highest-ever PAT of ₹367 crore and highest-ever OCF generation of ₹640 crore, in a year of GDP contraction,” said Rituraj Kishore Sinha, group MD. Mr. Sinha said being in essential services, the demand for their services has been quite inelastic.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.