Whalesbook
Haan, toh kya hua hai ki company ne apna top-line ekdum zabardast perform kiya hai. Revenue 24.46% badhkar ₹4,185.22 Crore ho gaya hai. Isme Security Services India ka growth 33.7%, international operations ka 20.8%, aur facilities management ka 10.3% raha. Poore quarter mein operating EBITDA bhi record ₹196 Crore raha.
Par yeh toh sirf ek side ki kahani hai. Asli picture yeh hai ki, company ko ₹290.02 Crore ke exceptional expenses lage, mostly naye Labour Codes aur employee benefits ki wajah se. Is wajah se Net Loss ₹138.37 Crore dikha raha hai. Agar yeh sab exceptional kharche hatayein toh profit before tax ₹99.21 Crore tha, jo ki kaafi okay hai.
Company ne investors ko khush karne ke liye ₹7 per share ka interim dividend bhi announce kiya hai. Jo log stock ko track kar rahe hain, unke liye late March 2026 mein share price ₹273.65 se ₹286.25 ke range mein tha NSE par.
Ab aate hain company ki long-term strategy par. Woh AI, robotics aur automation mein ₹100 Crore se bhi zyada laga rahe hain. Goal hai ki manpower-based services se technology-driven solutions par shift karein aur opex model apnayein. Iska ek bada step hai APS Group mein 51% stake khareedna, jiske liye ₹600–650 Crore kharch kiye hain aur APS ka FY25 revenue ₹1,119 Crore tha. Vision 2030 tak $4 billion ka platform build karna hai.
Market bhi kaafi supportive hai. India mein security services market 2030 tak USD 16.9 billion cross kar sakta hai, facility management bhi USD 60.9 billion tak ja sakta hai, aur logistics sectors bhi achhe growth rate par hain.
Peers se compare karein toh, Quess Corp ka market cap ₹2,500-3,000 Crore aur Teamlease Services ka ₹1,800-1,900 Crore hai. Analysts ne toh target price ₹423.25 set kiya hai.
Toh overall, growth engine chal raha hai aur future plans bhi solid hain, bas filhaal yeh transformation aur regulatory changes thode mehnge pad rahe hain, jisse short-term mein profit par pressure hai.