• Revenue growth target: SIS has reached an annualized revenue run rate of ₹18,000 crore based on its March performance and expects to sustain a 15% to 20% year-on-year growth rate.
• Margin expansion outlook: Facility management margins have improved to 5.6% and are guided to reach pre-COVID levels of 6% within a year, while security margins are expected to exceed 6% over the next two to three years as AP Securitas is integrated.
• Australia business dynamics: Wage increases under Fair Work amendments are passed through to clients via cost-plus contracts with a one-quarter lag, and Australian margins are expected to stabilize around 4%.
• AP Securitas integration: The buyout of the remaining stake remains on schedule for 2029, with procurement and technology synergies currently underway and formal integration planned within three years of the acquisition date.
• Cash business DRHP: The DRHP filing timeline for the cash management business has been deferred until the end of September due to current geopolitical conditions to optimize shareholder value.