Security & Intelligence Services India Ltd Q2FY21 consolidated PAT soars to Rs. 108.08 crore

Security and Intelligence Services (India) Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2224.33 crores during the period ended September 30, 2020 as compared to Rs.2189.81 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.108.08 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.57.87 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.7.21 for the period ended September 30, 2020 as compared to Rs.3.83 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 2224.33 crs	₹ 2189.81 crs	1.58%
Net Profit	₹ 108.08 crs	₹ 57.87 crs	86.76%
EPS	₹ 7.21	₹ 3.83	88.25%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.2224.33 crores during the period ended September 30, 2020 as compared to Rs.2086.72 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.108.08 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.76.16 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.7.21 for the period ended September 30, 2020 as compared to Rs.5.12 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 2224.33 crs	₹ 2086.72 crs	6.59%
Net Profit	₹ 108.08 crs	₹ 76.16 crs	41.91%
EPS	₹ 7.21	₹ 5.12	40.82%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.4414.14 crores during the 6 months period ended September 30, 2020 as compared to Rs.4095.29 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.165.95 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.151.08 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.11.05 for the 6 months period ended September 30, 2020 as compared to Rs.10.15 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 4414.14 crs	₹ 4095.29 crs	7.79%
Net Profit	₹ 165.95 crs	₹ 151.08 crs	9.84%
EPS	₹ 11.05	₹10.15	8.87%

Commenting on the performance, Mr. Rituraj Kishore Sinha, Group Managing Director said, "Our H1 results are a testimony that Essential services like ours have been least impacted during the Covid crisis and are amongst the first to recover. Our H1 revenues of Rs,4,325 cr is a 5.6% increase YoY. With September revenues at Rs739 cr compared to March 2020 revenues of Rs720 cr, we are already well into recovery phase. Historically high Operating Cash Flows have led to a Net debt reduction of over Rs210 cr and Net Debt/ EBITDA declined to less than 1, which has been re-affirmed by our credit rating upgrade from A+ to AA-. Basis macro-economic factors proving favourable, we continue our cautiously optimistic outlook for the rest of the year".

Shares of Security and Intelligence Services (India) Ltd was last trading in BSE at Rs.355 as compared to the previous close of Rs. 356.8. The total number of shares traded during the day was 1532 in over 210 trades.

The stock hit an intraday high of Rs. 355.95 and intraday low of 351.05. The net turnover during the day was Rs. 541447.

Source : Equity Bulls

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