Believe India security business will grow well in Q4 as well: SIS

Security and Intelligence Services (SIS) reported a mixed set of Q3 earnings. In an interview with CNBC-TV18, Rituraj Sinha, MD of the company discussed the results and his outlook for the company.

Our profit after tax (PAT) margin has moved up from 1.6 percent to 3 percent over the last year, he said.

We are seeing robust EBITDA margin correction, we have also reduced our interest cost significantly and that is what is playing out in this substantial jump in the PAT margin, he added.

Speaking of India business, he said that, as regards to the development of India security business, we have reported a 40 percent growth in Q3. We believe that this kind of growth would play out also in Q4 given our current order book, said Sinha.

Australia security business has been hovering around 4.5 percent EBITDA mark for the last year or two. We look at the margins moving closer to 5 percent and over in FY19, he further mentioned.

For full interview, watch accompanying video...