SIS Limited Q4 FY26: PAT up 28%, revenue ₹4,489cr

Record Q4 caps a strong FY26 for SIS

SIS Limited reported a record FY26, supported by strong demand across security and facility management services. The company’s Q4 FY26 numbers showed a sharp year-on-year improvement in revenue and operating profitability. Management commentary highlighted continued traction from sectors such as e-commerce, construction, manufacturing, and power and energy. Internationally, growth was linked to e-commerce and government contracts, alongside progress in the Henderson Singapore turnaround.

The quarter matters for investors because it combines faster topline growth with improving leverage metrics. SIS also highlighted shareholder payouts through dividends and buybacks during FY26. The update comes at a time when outsourcing demand for integrated services is rising across large enterprises.

Consolidated Q4 FY26: revenue, EBITDA, and operating PAT

In Q4 FY26, SIS reported consolidated revenue of ₹4,489.3 crore, up 31% year-on-year. EBITDA stood at ₹207 crore, a 25.6% year-on-year increase. Operating PAT rose to ₹105.5 crore, up 27.9% year-on-year.

The company said FY26 was its highest ever year in terms of revenue and EBITDA. While the release focused on operating performance, it also emphasised a stronger balance sheet and capital returns.

How the topline moved across recent quarters

SIS reported that consolidated revenue moved up sharply over the last three reported quarters. Revenue rose from ₹3,427.9 crore in Q4 FY25 to ₹4,185.2 crore in Q3 FY26, and then to ₹4,489.3 crore in Q4 FY26.

A separate update in the provided material also flagged that Q3 FY26 had already set a record with consolidated revenue of ₹4,185 crore, operating EBITDA of ₹196 crore, and an EBITDA margin of 4.5%. That context shows Q4 FY26 built on an already stronger run-rate, rather than relying only on a low base.

India Security: demand-led growth and margin improvement

The India Security business posted revenue of ₹1,925 crore in Q4 FY26, up 34.2% year-on-year. SIS attributed momentum to strong demand and wins across e-commerce, construction, manufacturing, and power and energy. Segment EBITDA was ₹98 crore.

Margins in the India Security segment improved to 5.1% in Q4 FY26, compared with 4.8% in Q3 FY26, as per the data shared. The combination of sector-led demand and better profitability in the largest domestic segment was one of the quarter’s key supports.

International Security: growth from e-commerce and government contracts

International business revenue increased 36.9% year-on-year to ₹1,950 crore in Q4 FY26. SIS said growth was driven by e-commerce and government contracts. The company also noted that Henderson Singapore reported operational profits, reflecting continued progress on a turnaround.

EBITDA for the international security segment was ₹74 crore in Q4 FY26, up 28.7% year-on-year. The EBITDA margin for the segment was reported at 3.8%.

Facility Management: highest-ever quarterly EBITDA

The Facility Management (FM) segment delivered revenue of ₹635 crore in Q4 FY26 and grew 8.1% year-on-year. SIS highlighted large wins from healthcare, manufacturing, and automobile sectors. While Q4 revenue was largely steady versus Q3 FY26 (₹636 crore to ₹635 crore), profitability improved.

FM EBITDA was ₹35 crore in Q4 FY26, which the company described as the highest ever for the segment. The EBITDA margin improved to 5.5%, compared with 4.7% year-on-year.

Balance sheet and cash conversion indicators

SIS reported that net debt to EBITDA improved to 0.99x, compared with 1.25x in December (as referenced in the provided text). The company also reported an operating cash flow to EBITDA ratio of 203.3% on a consolidated basis.

In earlier disclosures included in the material, SIS had also reported net debt of ₹429 crore and a net debt-to-EBITDA ratio of 0.7 for Q4 FY25, alongside an OCF to EBITDA ratio of 175%. While those figures relate to a prior period, they provide additional context on the company’s focus on deleveraging and cash generation.

Shareholder returns and return ratios

SIS said it returned ₹250 crore to shareholders via dividends and buybacks during FY26. On profitability ratios, the company reported ROCE at 16.5% and ROE at 15.8% for Q4 FY26.

Another data point included in the provided content noted that Q3 FY26 had a quarterly EPS of ₹7.2 and operating PAT margin of 2.4%, along with ROCE of 15.2% and DSO at 67 days. These metrics, taken together with the Q4 FY26 update, underline the company’s emphasis on operating efficiency.

Key numbers at a glance

Why the quarter stands out

The Q4 FY26 update shows SIS combining faster growth with improved leverage and stronger reported return ratios. The segment mix also matters: India Security and International Security both grew more than 30% year-on-year in Q4 FY26, while FM delivered its highest-ever quarterly EBITDA and margin expansion.

For readers tracking the broader services outsourcing space, SIS’s commentary points to continued enterprise demand from large end-user sectors such as e-commerce, energy, healthcare, and government-linked contracts. The company’s stated capital return of ₹250 crore during FY26 also signals management confidence in cash generation, alongside ongoing balance sheet strengthening.

Conclusion

SIS Limited’s Q4 FY26 results showed record consolidated revenue of ₹4,489.3 crore, EBITDA of ₹207 crore, and operating PAT of ₹105.5 crore, supported by strong growth in India and international security. The company also reported improved net debt to EBITDA at 0.99x and ₹250 crore returned through dividends and buybacks in FY26. Investors will watch for updates on sustained segment margins, cash conversion, and progress in international operations, including Henderson Singapore.