India security business has seen 20% YoY growth | Rituraj Sinha, Group MD, SIS | ET Now

India security business has seen 20% YoY growth | Rituraj Sinha, Group MD, SIS | ET Now

SIS consolidated revenue for Q1FY23 at Rs 2,678 Cr, 12.6% YoY growth. Operating PAT at Rs 79.9 Cr, 53.9% up YoY. The India security business continued the growth momentum with 2.1% QoQ growth in revenue and reached Rs 1,059 Cr which is the highest in companyโ€™s history and indicates a strong growth revival over the past few months. Commenting on the performance, Rituraj Sinha, Group Managing Director said, โ€œOur Q1FY23 results illustrate the predictability of our business model, as an essential services business, which continues to grow at a healthy rate, with the economy growing post pandemic. Also, we are very proud to be recognised as the #4 Best Employer to work, for FY22, by Great Place to Work.โ€

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