India’s security and facility management major SIS Limited reported a strong close to FY26, with profit and revenue growth driven by broad-based momentum across segments.
According to its earnings statement, the company’s profit after tax (PAT) grew 28% year-on-year (YoY) in Q4 FY26, even as revenue from operations surged 31% YoY to ₹4,489.3 crore from ₹3,427.9 crore in the year-ago quarter.
At the operating level, EBITDA rose 25.6% YoY to ₹207 crore, while operating PAT stood at ₹105.5 crore, marking a 27.9% YoY growth. Sequentially, the company also saw steady expansion, with revenue rising 7.3% quarter-on-quarter (QoQ).
The company’s core security solutions business remained the largest driver of growth during the quarter.
Revenue from its India security solutions segment jumped to ₹1,925 crore in Q4 FY26 from ₹1,435 crore a year ago, supported by demand from ecommerce, construction, manufacturing, and power sectors. The segment’s EBITDA margin improved to 5.1% from 4.8% in the previous quarter.
Its international security solutions business also clocked strong growth, with revenue rising 36.9% YoY to ₹1,950 crore. The growth was led by new wins across ecommerce and government contracts.
Notably, Henderson (Singapore) turned operationally profitable both in Q4 FY26 and the full fiscal year, indicating progress in its turnaround strategy.
Meanwhile, the facility management segment posted comparatively moderate but steady growth. Revenue increased 8.1% YoY to ₹635 crore, while EBITDA rose 26.5% YoY to ₹35 crore — the highest-ever quarterly EBITDA for the segment.
SIS also reported improvement in key financial metrics. Its net debt-to-EBITDA ratio declined to 0.99x as of March 2026 from 1.25x in December 2025, reflecting better balance sheet discipline.
Cash flow generation remained robust, with operating cash flow to EBITDA at 203.3% for the quarter. Days sales outstanding (DSO) improved to 63 days — the lowest level since June 2023.
The company returned around ₹250 crore to shareholders during FY26 through dividends and buybacks, marking one of its highest capital return years.
Management outlook signals inflection ahead
Commenting on the performance, Group Managing Director Rituraj Kishore Sinha said, “We exit FY26 with – highest ever revenue, highest ever EBITDA. Largest capital return to shareholders – ₹250 cr. And the greatest reset opportunity the industry has witnessed in decades – Labour Codes. SIS is moving from FY26 REBOUND year to potentially INFLECTION year.”
