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SIS Ltd Q3 results: Profit after tax increases by 16.5% to Rs 79 crore

SIS Ltd on Tuesday reported a 16.5 per cent increase in its profit after tax to Rs 79 crore for the third quarter ended December 2023. The company -- operating in facility management, security and cash logistics -- had posted adjusted profit after tax (PAT) of Rs 68 crore in the corresponding quarter of the previous fiscal. Adjusted PAT is profit adjusted for the benefits of Section 80JJAA of the Income Tax Act, SIS Ltd said in a statement. Section 80JJAA of the Income Tax Act deals with deductions with respect to the employment of new workmen. SIS, a USD 1.5 billion Indian multinational and essential services player with over 2,85,000 employees, reported a revenue growth of 6 per cent at Rs 3,073 crore compared to Rs 2,904 crore a year ago. The cash logistics segment continues to post strong revenue growth with a 13.7 per cent rise over Q3 FY23, driven by new wins in cash in transit (CIT) business. The company, in a regulatory filing, said the joint venture partners in SIS Cash

SIS Ltd Q3 results: Profit after tax increases by 16.5% to Rs 79 crore
Updated On : 30 Jan 2024 | 10:07 PM IST