Integrated Filing — IndAS

General information about company
Scrip Code	540673
NSE Symbol	SIS
MSEI Symbol	NOTLISTED
ISIN	INE285J01028
Name of company	SIS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	01-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	22-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Half Yearly
Reporting Quarter	Yearly
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	01-May-2025   11:00:00
End date and time of board meeting	01-May-2025   15:40:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	34278700000	131890370000
	Other income	166360000	680700000
	Total income	34445060000	132571070000
2	Expenses
(a)	Cost of materials consumed	223150000	644370000
(b)	Purchases of stock-in-trade	55670000	540680000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	21340000	25270000
(d)	Employee benefit expense	27820780000	109093460000
(e)	Finance costs	376140000	1606470000
(f)	Depreciation, depletion and amortisation expense	383640000	1637840000
(f)	Other Expenses
1	Impairment of goodwill	3058340000	3058340000
2	Other expenses	4510030000	15549540000
	Total other expenses	7568370000	18607880000
	Total expenses	36449090000	132155970000
3	Total profit before exceptional items and tax	-2004030000	415100000
4	Exceptional items	0	0
5	Total profit before tax	-2004030000	415100000
6	Tax expense
7	Current tax	143300000	451110000
8	Deferred tax	148190000	104390000
9	Total tax expenses	291490000	555500000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-2295520000	-140400000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	61980000	258280000
16	Total profit (loss) for period	-2233540000	117880000
17	Other comprehensive income net of taxes	14740000	-208230000
18	Total Comprehensive Income for the period	-2218800000	-90350000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	-2233540000	117880000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-2218800000	-90350000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	721840000	721840000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		23357080000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-15.49	0.82
	Diluted earnings (loss) per share from continuing operations	-15.49	0.81
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-15.49	0.82
	Diluted earnings (loss) per share from continuing and discontinued operations	-15.49	0.81
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1.tThe Statement of audited consolidated financial results (“the Statement”) of SIS Limited (the “Parent” or “Company”) including its subsidiaries (collectively known as the “Group”), its joint venture entities for the quarter and year ended March 31, 2025 have been reviewed by the Audit Committee at its meeting held on April 30, 2025 and, thereafter, approved by the Board of Directors at its meeting held on May 01, 2025. n n2.tThe Limited Review, as required under Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has been completed and the related Report does not have any impact on the 'Results and Notes' for the quarter and year ended March 31, 2025 which needs to be explained. n n3.tThe consolidated results have been prepared in accordance with the principles and procedures of Indian Accounting Standards (“Ind AS”) as notified under the Companies (Indian Accounting Standards) Rules, 2015 as prescribed in Section 133 of the Companies Act, 2013 read with SEBI Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016 and other recognized accounting practices and policies. n n4.tThe Board of Directors of the Parent, at its meeting held on March 25, 2025, has approved the proposal for buy-back of fully paid up equity shares up to 37,12,871 equity shares of face value of INR 5/- each of the Parent for an aggregate amount not exceeding INR 1,500 million, being 2.57% of the total paid up equity share capital of the Parent as on March 21, 2025, at INR 404 per equity share in accordance with the provisions of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended and the Companies Act, 2013, as amended. The Buyback is subject to the approval of the shareholders by means of a special resolution through a postal ballot. n n5.tOn March 26, 2025, the Parent issued 25,000 Listed, Rated, Secured, Redeemable, Non-Convertible Debentures (“NCDs”) having a face value of INR 1,00,000/- (Indian Rupees One Lakh only) each, aggregating to INR 2,500 million, through a private placement. The net proceeds from the issuance are intended to be utilized towards re-payment of existing obligations of the parent, financing the acquisition of a business, meeting working capital requirements, and for general corporate purposes. The NCDs carry a coupon rate of 8.50% per annum, payable quarterly and are redeemable at par after three years from the date of allotment. The NCDs are secured by a pledge over a portion of the Parent’s shareholding in one of its subsidiary companies. n n6.tDuring the quarter ended March 31, 2025, the board of the Parent has approved the re-appointment of Mr. Upendra Kumar Sinha and Ms. Vrinda Sarup and as Independent Directors for a second term of 5 consecutive years with effect from June 29, 2025 and June 20, 2025 respectively. The same was approved by the shareholders through postal ballot on March 09, 2025. n n7.tDuring the quarter ended March 31, 2025, upon exercise of vested stock options by the eligible employees, the Parent has allotted 2,09,024 equity shares of INR 5 each. Consequent to said allotment, the paid-up equity share capital of the Parent stands at INR 721,837,300 divided into 144,367,460 equity shares of INR 5 each. n n8.tDuring the year ended March 31, 2025, the Group has recognised an impairment loss of INR 1,108.78 million relating to its security business, INR 4.44 million relating to its facility management business and INR 1,945.12 million relating to Singapore security business by writing down goodwill in its statement of profit and loss. n n9.tThe figures for the quarter ended March 31, 2025 and the corresponding quarter ended March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the respective financial year. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	3745590000
	Capital work-in-progress	56480000
	Investment property	0
	Goodwill	7515940000
	Other intangible assets	1674020000
	Intangible assets under development	307930000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	1009540000
	Non-current financial assets
	Non-current investments	384870000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	775260000
	Total non-current financial assets	1160130000
	Deferred tax assets (net)	3139100000
	Other non-current assets	2458870000
	Total non-current assets	21067600000
2	Current assets
	Inventories	283760000
	Current financial asset
	Current investments	80900000
	Trade receivables, current	18640260000
	Cash and cash equivalents	7169190000
	Bank balance other than cash and cash equivalents	4556380000
	Loans, current	0
	Other current financial assets	7775860000
	Total current financial assets	38222590000
	Current tax assets (net)	0
	Other current assets	1541230000
	Total current assets	40047580000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	61115180000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	721840000
	Other equity	23357080000
	Total equity attributable to owners of parent	24078920000
	Non controlling interest	0
	Total equity	24078920000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	8569530000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	1025380000
	Total non-current financial liabilities	9594910000
	Provisions, non-current	2171080000
	Deferred tax liabilities (net)	300630000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	12066620000
	Current liabilities
	Current financial liabilities
	Borrowings, current	6446500000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	144980000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	675930000
	Total Trade payable	820910000
	Other current financial liabilities	10906420000
	Total current financial liabilities	18173830000
	Other current liabilities	2252840000
	Provisions, current	4186720000
	Current tax liabilities (Net)	356250000
	Deferred government grants, Current	0
	Total current liabilities	24969640000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	37036260000
	Total equity and liabilites	61115180000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Oct-2024	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Security Services-India	14351200000	55764100000
2	Security Services-International	14235740000	54298720000
3	Facility Management	5870070000	22470420000
	Total Segment Revenue	34457010000	132533240000
	Less: Inter segment revenue	178310000	178310000
	Revenue from operations	34278700000	131890370000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Security Services-India	799730000	3061070000
2	Security Services-International	576040000	1982580000
3	Facility Management	274040000	999520000
	Total Profit before tax	1649810000	6043170000
	i. Finance cost	-376140000	-376140000
	ii. Other Unallocable Expenditure net off Unallocable income	3968000000	3968000000
	Profit before tax	-1942050000	673380000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Security Services-India	28564210000	28564210000
2	Security Services-International	22171600000	22171600000
3	Facility Management	10379370000	10379370000
	Total Segment Asset	61115180000	61115180000
	Un-allocable Assets	0	0
	Net Segment Asset	61115180000	61115180000
4	Segment Liabilities
	Segment Liabilities
1	Security Services-India	17289480000	17289480000
2	Security Services-International	14053240000	14053240000
3	Facility Management	5693540000	5693540000
	Total Segment Liabilities	37036260000	37036260000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	37036260000	37036260000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

The Group is currently focused on three business groups, viz., Security Services (India), Security Services (International) and Facility Management. The Group's organizational structure and governance processes are designed to support effective management of multiple businesses while retaining focus on each one of them. The Operating Segments have been reported in a manner consistent with the internal reporting provided to the Group Management Committee, which is the Chief Operating Decision Maker. n nThe business groups comprise the following: nSecurity Services (India) – Guarding, Electronic security and home alarm monitoring and response services nSecurity Services (International) – Guarding, Mobile patrols, Emergency medical response and rescue, Loss prevention and allied services nFacilities Management – Housekeeping, Cleaning, Facility operation & management and Pest control services n

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of defined benefit plan	-144930000	-167660000
2	Share of other comprehensive income of associates / joint ventures	-3320000	-2700000
	Total Amount of items that will not be reclassified to profit and loss	-148250000	-170360000
2	Income tax relating to items that will not be reclassified to profit or loss	-36690000	-42360000
3	Amount of items that will be reclassified to profit and loss
1	Foreign exchange gain / (loss) on monetary items included in Net Investment in a foreign subsidiary	126300000	-80230000
	Total Amount of items that will be reclassified to profit and loss	126300000	-80230000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	14740000	-208230000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			415100000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1606470000
	Adjustments for decrease (increase) in inventories			25370000
	Adjustments for decrease (increase) in trade receivables, current			-253460000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			39310000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-1010000
	Adjustments for other financial assets, current			-284480000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			120080000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			205790000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			1637840000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			3058340000
	Adjustments for provisions, current			209670000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			836290000
	Adjustments for other financial liabilities, non-current			-7620000
	Adjustments for unrealised foreign exchange losses gains			-7570000
	Adjustments for dividend income			0
	Adjustments for interest income			612190000
	Adjustments for share-based payments			24990000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-258280000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			258280000
	Total adjustments for reconcile profit (loss)			6597820000
	Net cash flows from (used in) operations			7012920000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-248170000
	Other inflows (outflows) of cash			161800000
	Net cash flows from (used in) operating activities			7422890000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			32190000
	Other cash receipts from sales of equity or debt instruments of other entities			50000000
	Other cash payments to acquire equity or debt instruments of other entities			108610000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			132220000
	Purchase of property, plant and equipment			1533950000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			2940000
	Interest received			578630000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-3831790000
	Net cash flows from (used in) investing activities	-4742750000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			1340000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			2500000000
	Proceeds from borrowings			805060000
	Repayments of borrowings			1364300000
	Payments of lease liabilities			614080000
	Dividends paid			0
	Interest paid			1468910000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-4110000
	Net cash flows from (used in) financing activities			-145000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			2535140000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			-15940000
	Net increase (decrease) in cash and cash equivalents			2519200000
	Cash and cash equivalents cash flow statement at beginning of period			-522580000
	Cash and cash equivalents cash flow statement at end of period			1996620000