SIS Ltd Q3 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Yeah. Hello. Am I audible?

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Yeah. The first question with regards to other income. The other income is inflated a lot. If you could please provide a clear breakup of the other income, line item wise. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 29, 2025 / 8:30AM, SISI.NS - Q3 2025 SIS Ltd Earnings Call

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : And there was a line item in regards to repeat (inaudible) which were sort of given to Australian company -- Australian subsidiary, if you could give some color on that.

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Okay, thanks. And my next question would be regards to this -- so in analyst meet, (inaudible) sir had mentioned that you are going to probably sell some international businesses. So are we still looking to sell these international businesses, or how's it going?

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Selling or demerging the international business in analyst meet. I think we are discussing with regards to this that the international businesses were not provided doing so well. So are you going to keep these international businesses or are you planning to sell it?

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Okay, okay, thank you.

Question: Yash Darak - RSPN Ventures Private Limited - Analyst : Okay, okay, sir. Thank you. Yeah.

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Yeah, hi. So I have two questions. The first question is, could you give me some data points to explain the market opportunity in the international markets that SIS is operating in for security solutions?

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Yeah. I wanted some data points to explain the market opportunity, the total addressable market, and the upcoming market opportunity for the next few years in the international markets that SIS is operating in for security solutions.

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Excellent. Thank you so much for the detailed answer. And so just one last quick question. So specific to the India market, what is -- and for security solutions, what is SIS's exposure to the residential space? Because you have all the MMR region -- just as an example, obviously there are opportunities in each state and city. But you have these redevelopment projects coming up, and which have already started in the MMR region. So logically, these poor quality housing societies before redevelopment can become a little more structured and organized, so they could opt for better security solution, so does SIS participate in that market or that's not an opportunity for a company like us?

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Okay, great. Thank you so much. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 29, 2025 / 8:30AM, SISI.NS - Q3 2025 SIS Ltd Earnings Call

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Okay, thanks. And if you could just let me squeeze in one quickly. What are you exactly doing to create value from your cash logistics business? Why is that -- I mean, it may not -- I personally feel like why is that in our portfolio of services anyways?

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Okay, thanks. No, that's it, thanks. That's the last question, if you could answer that.

Question: Kaustav Bubna - BMSPL Capital. - Analyst : Excellent. Thank you so much for answering all these questions. Really gave some clarity. Thank you. Best of luck.

Question: Shiv Saxena - ICICI Bank - Analyst : (inaudible)

Question: Shiv Saxena - ICICI Bank - Analyst : (inaudible) Am I clear now?

Question: Shiv Saxena - ICICI Bank - Analyst : (inaudible) the wage hikes are there? So does it help in your business? (inaudible)

Question: Shiv Saxena - ICICI Bank - Analyst : (inaudible)

Question: Shiv Saxena - ICICI Bank - Analyst : I understand, I understand, but actually what happens generally the salaries in the private sector also get revised. (inaudible)

Question: Shiv Saxena - ICICI Bank - Analyst : Thanks and all the best.

Question: Amit Mandaliya - Robo Capital - Analyst : Hi, thanks for the opportunity. I have a couple of questions. The first question is on the broad M&A strategy. In the past, we have been pretty active and we bought some assets on the M&A side. Now, going forward, a couple of things, I just wanted to check, whether we have any active pipeline for recreation, number one. And number two, what are the type of multiples are we looking to -- do you have any broad range? I understand that cannot be very specific, but is there a broad range that you can mentioned that this is the multiple that which will do acquisition deals? I'm asking this specifically because in SIS is also in the -- are in multiples have dropped a bit. So in that context, if you can comment, it will be helpful. (multiple speakers)

Question: Amit Mandaliya - Robo Capital - Analyst : Yeah, yeah, thanks for that. It's very useful. So just my second question is on the (inaudible) just to follow-up on the earlier point. Could you inform what is the size of the (inaudible) that is beyond six months, and also if any of it is disputed or anything at risk of collection, which is beyond six months.

Question: Amit Mandaliya - Robo Capital - Analyst : Yeah, I was just looking to understand what is the amount of debtors that are beyond six months. Debtors due beyond six months, 180 days, number one. And out of that amount, what would be the amount that is currently disputed with the client or and the risk of collection, et cetera?

Question: Amit Mandaliya - Robo Capital - Analyst : All right, that's it from my side.