SIS Limited is a leading integrated security services provider, operating across security, facility management, and cash logistics. The company's acquisition of APS and strategic alignment has resulted in achieving the highest quarterly revenue of INR 4,185 crores, with 24.5% y-o-y growth.

Despite facing challenges due to updated Labour Codes, the company has proactively addressed potential liabilities with provisions and set strategies for recovery from clients when compliance norms are clarified and enforced.

SIS Limited has successfully increased its operating EBITDA by 20.7% y-o-y to INR 196 crores, maintaining a robust margin of 4.5%, reflecting effective cost management and scalability of operations.

Labor reforms present a key opportunity for SIS Limited as they seek to benefit from reduced compliance arbitrage, allowing more significant growth in the organized security market, further supported by SIS's widespread geographic and service coverage.