Security and Intelligence Services (India) Ltd (SIS (India)) hit a lifetime high at Rs.1035 and remains firmly in the green.

The company reported a very strong set of numbers for Q2FY18. Revenue rose 34% (YoY) at Rs.523 crore on a strong volume growth of 16%. Net profit showed a whopping 156% jump at Rs.19 crore, mainly driven by higher EBITDA, which in turn was on account of lower interest outgo and Sec 80JJAA impact.

EBITDA has gone up 53% to Rs.37 crore while margins have jumped up from 7.1% to 6.3%. Its net debt today stands at Rs.91 crore, down from Rs.257 crore at the beginning of the current fiscal. It repaid Rs.200 crore from IPO proceeds and Rs.44 crore from own funds.

The company has come out with an IPO in August 2017 and had offered shares at Rs.815. It did make a decent listing at a premium and today, the price has risen 26% over IPO price.