SIS eyes 20% revenue growth for FY25
According to Devesh Desai, CFO, SIS Ltd, the company’s target continues to be 50 per cent cash conversion from EBITDA (earnings before interest, tax, depreciation and amortisation).
The company is already pruning “less profitable contracts” and will focus on growth and improving margins in the coming quarters. The exercise of cutting down on the less profitable contracts has already been completed in the security services vertical, the process is still on for the facility management business, and will be “completed in another quarter or two”.
Read Full Article on: The Hindu Businessline
