SIS Limited Reports Record Q2 FY26 Revenue, Completes AP Securitas Acquisition
SIS Limited achieved a consolidated revenue of INR 3,759.00 crore in Q2 FY26, marking a 15% year-on-year growth. The company reported growth across all business segments: India Security (11.50%), Facility Management (13.70%), and International Security (19.30%). Consolidated EBITDA grew by 16.2% to INR 168.00 crore, with margins improving to 4.5%. The company reduced its net debt by 23% to INR 663.00 crore and improved ROCE to 14.3%. SIS also completed the acquisition of a 51% stake in AP Securitas for INR 71.20 crore, expected to add 17% to SIS's India Security monthly run rate. The company is targeting a 6% EBITDA margin for both India Security and Facility Management businesses in upcoming quarters.
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SIS Limited , a leading security and facility management services provider, has reported robust financial results for the second quarter of fiscal year 2026, marking significant growth across all business segments. The company also announced the successful completion of its strategic acquisition of AP Securitas.
Record-Breaking Revenue Performance
SIS Limited achieved a consolidated revenue of INR 3,759.00 crore in Q2 FY26, representing a 15% year-on-year growth. This performance has propelled the company to its highest-ever monthly revenue run rate of INR 1,300.00 crore. The growth was evident across all three business segments:
| Business Segment | Q2 FY26 Revenue (INR Crore) | YoY Growth (%) |
|---|---|---|
| India Security | 1,544.00 | 11.50 |
| Facility Management | 629.00 | 13.70 |
| International Security | 1,607.00 | 19.30 |
Profitability and Margin Improvement
The company's consolidated EBITDA grew by 16.2% year-on-year to INR 168.00 crore, with margins improving to 4.5%. The operating profit after tax (PAT) stood at INR 93.00 crore, maintaining a margin of 2.5%.
Notably, the Facility Management segment showed significant margin improvement:
- Facility Management EBITDA: INR 33.00 crore (36% YoY growth)
- Facility Management EBITDA margin: 5.2% (90 basis points improvement YoY)
Financial Efficiency and Debt Reduction
SIS Limited has made substantial progress in improving its financial efficiency:
- Net debt reduced by 23% to INR 663.00 crore from INR 857.00 crore in September 2025
- Return on Capital Employed (ROCE) improved to 14.3% from 11.7% a year ago
- Days Sales Outstanding (DSO) slightly increased to 69 days
Strategic Acquisition of AP Securitas
SIS Limited has successfully closed the acquisition of a 51% stake in AP Securitas for INR 71.20 crore. This strategic move is expected to:
- Add approximately 17% to SIS's India Security monthly run rate
- Consolidate SIS's market share in key segments like banking, logistics, and warehousing
- Position SIS's annual revenue in the India security business at twice the size of its nearest competitor
Future Outlook
Rituraj Sinha, Group Managing Director of SIS Limited, expressed optimism about FY26, stating, "FY26 is going to be a good year. We are well on track, and Q3 is looking promising." The company is targeting a 6% EBITDA margin for both its India Security and Facility Management businesses in the coming quarters.
Additionally, SIS Limited is progressing with plans for an IPO of its cash logistics business, which is expected to unlock shareholder value and potentially help reduce the company's debt further.
Conclusion
SIS Limited's Q2 FY26 results demonstrate strong growth momentum across all business segments, improved profitability, and strategic expansion through the AP Securitas acquisition. With its focus on margin improvement and strategic growth initiatives, the company appears well-positioned for continued success in the security and facility management services sector.
Historical Stock Returns for SIS
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.31% | +3.04% | -1.80% | -3.06% | -11.36% | -22.19% |
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