SIS Limited Q2 FY27 PAT rises 37.1% to ₹110.7 crore

SIS Limited reported consolidated profit after tax of ₹110.7 crore for Q2 FY27, a 37.1% year-on-year increase, as record revenue rose 28.1% to ₹4,816 crore for the quarter ended September 30, 2026. Growth was led by India Security Solutions, supported by volume expansion and minimum-wage revisions in key Indian states.

What did SIS report for Q2 FY27?

SIS reported record consolidated quarterly revenue of ₹4,816 crore in Q2 FY27, compared with ₹3,758 crore in the corresponding quarter a year earlier. Consolidated EBITDA increased 32.7% year-on-year to ₹223.3 crore, while PAT reached ₹110.7 crore, the company’s highest quarterly net profit cited in the results update.

The Board of Directors approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, on November 4, 2026. The results reflected growth across the company’s India Security Solutions, Facility Management Solutions and International Security Solutions businesses.

Which businesses drove SIS revenue growth?

India Security Solutions was SIS’s principal growth contributor, with revenue rising 38.9% year-on-year to ₹2,144.1 crore. The segment recorded quarterly EBITDA of ₹113.2 crore, its highest level reported for a quarter. Its EBITDA margin was stated at 5.3% in the quarterly snapshot.

Management attributed the India business expansion to higher volumes and revisions in minimum wages in key states. The company said higher wage and statutory costs were being fully passed through to customers. This contributed to both higher reported revenue and margin improvement, with India EBITDA margin increasing to 5.4% in Q2 FY27 from 5.2% in Q4 FY26.

International Security Solutions generated ₹2,019.6 crore of revenue, up 25.7% year-on-year. On a constant-currency basis, the segment’s growth was 6.3%, showing that currency movements accounted for part of the reported increase. Facility Management Solutions reported revenue of ₹677.3 crore, up 7.6%, while EBITDA increased 17.8% to ₹38.3 crore. Its EBITDA margin was reported at 5.7%.

How does the quarter compare with SIS’s recent financial trend?

SIS’s Q2 FY27 revenue extended the top-line progression visible in the previous reported quarters. Revenue was ₹3,759 crore in September 2025, ₹4,185 crore in December 2025, ₹4,489 crore in March 2026 and ₹4,604 crore in June 2026, before reaching ₹4,816 crore in September 2026.

Operating profit had also risen in the preceding periods, from ₹121 crore in September 2025 to ₹145 crore in June 2026. Operating profit margins over those four quarters ranged from 3.0% to 3.2%. The Q2 FY27 consolidated EBITDA margin of 4.6% was higher than 4.5% in the corresponding prior-year period.

The profit trend has not been uniform in every prior quarter. SIS reported net profit of ₹81 crore in September 2025, a loss of ₹138 crore in December 2025, followed by profits of ₹103 crore in March 2026 and ₹102 crore in June 2026. The ₹110.7 crore PAT reported for Q2 FY27 therefore exceeded the June-quarter figure as well as the March-quarter figure.

What should investors note about cash flow and receivables?

SIS reported that its OCF-to-EBITDA measure turned negative at 44.4% for H1 FY27, compared with negative 2.7% in the comparative disclosure. The company linked the deterioration primarily to a sharp increase in days sales outstanding, or DSO, in Security Solutions International.

DSO in the international security business increased to 57 days from 48 days in Q1 FY27. This indicates a longer collection cycle for receivables in that business during the half year. While the quarter showed strong revenue, EBITDA and profit growth, the receivables movement is relevant because it affected operating cash conversion.

For shareholders, the reported numbers present two separate aspects of performance. Margin expansion and the ability to pass through wage and statutory cost increases supported earnings, while the higher DSO highlights the importance of collections and working-capital management, particularly in the international segment.

When will SIS management discuss the results?

SIS scheduled its Q2 FY27 earnings conference call for November 5, 2026, at 2:00 PM IST. Group Managing Director Rituraj Sinha and Chief Financial Officer Brajesh Kumar were listed as participants for the call, which is intended to discuss the quarterly results and provide management commentary.

The call follows the November 4 board meeting that approved the unaudited Q2 FY27 and H1 FY27 results. Investors may look for further context on segment-level demand, the sustainability of cost pass-through arrangements, international receivables and the company’s approach to working capital.

Conclusion

SIS delivered higher Q2 FY27 revenue, EBITDA and profit, led by a 38.9% expansion in India Security Solutions and growth across its international security and facility management operations. The company’s ability to pass higher wage and statutory costs to customers supported revenue growth and modest margin expansion.

The next disclosed event is the November 5, 2026 earnings call, when management is scheduled to discuss the quarter. The rise in international DSO to 57 days and the negative OCF-to-EBITDA measure for H1 FY27 remain matters to watch alongside segment demand and margin trends.