• Startup Pulse
    CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures. CapGrid raises ₹50 crore in a pre-Series B round led by Hero Enterprise Venture Partners at a ₹430 crore valuation, including primary and secondary transactions. Qiroko raises ₹1.5 crore in a pre-seed round led by ISV Capital, with angel participation. Manastu Space raises ₹22 crore from Gandhi Securities, Thacker Legacy Trusts and angel investors in an ongoing round. BAAS Technologies raises ₹49.98 lakh from AIC-RNTU Foundation under the GENESIS Investment Component. Docterz raises ₹5 crore in funding from Vineeta Singh, Avnish Anand and around 20 doctors who use the platform. AceBlend raises $9.91 million in a Series A2 round led by 3one4 Capital, with Fireside Ventures participating. Jagruti Rehabilitation Centre raises ₹28 crore in a Series A round led by Alkemi Growth Capital. Carbelim raises ₹10 crore from the IIT Madras Unicorn Frontier Fund. Viridian Ingni Propulsion raises ₹1.47 crore in a pre-seed round led by Inflection Point Ventures. Venttup raises $3 million in a pre-Series A round led by Rainmatter and Unicorn India Ventures.
  • SIS Q3FY26: SIS Limited Revenue Jumps 24.5% YoY to ₹4,185 Cr

    SIS Q3FY26

    New Delhi: SIS Limited (NSE: SIS, BSE: 540673) reported strong topline growth in SIS Q3FY26, with consolidated revenue from operations increasing 24.5% year-on-year to ₹4,185.2 crore for the quarter ended December 31, 2025.

    The company announced its unaudited financial results, highlighting steady momentum across its core business segments.

    SIS Q3FY26 Financial Performance Overview

    In SIS Q3FY26, operating EBITDA stood at ₹196.3 crore, marking a 25.2% YoY growth and a 16.6% sequential increase. Operating EBITDA margin remained stable at 4.7% compared to the same quarter last year.

    Operating PAT was reported at ₹100.8 crore, reflecting a marginal YoY decline of 1.3% and a QoQ growth of 8.4%.

    The company noted that operating PAT adjustments account for a one-off impact related to labour code changes of approximately ₹232 crore and acquisition-related costs of around ₹7 crore.

    Also Read: Paytm Q3 FY 2026: PAT Rises to ₹225 Crore as Revenue Grows 20% YoY to ₹2,194 Crore

    SIS Q3FY26 Segment-Wise Revenue Performance

    Security Solutions India:

    • Revenue rose sharply to ₹1,898 crore in SIS Q3FY26, compared to ₹1,420 crore in Q3FY25 and ₹1,544 crore in Q2FY26.
    • The segment recorded 33.7% YoY and 23.0% QoQ growth, driven by new contracts in e-commerce, education, and media & entertainment. Operating EBITDA margin stood at 5.2%.

    Security Solutions International:

    • The international business reported revenue of ₹1,670 crore in SIS Q3FY26, up 20.8% YoY (13.8% in constant currency) and 3.9% QoQ.
    • Growth was supported by new wins in the steel and aviation sectors, with EBITDA margin improving to 3.8% from 3.3% in Q2FY26.

    Facility Management Solutions:

    • Revenue from this segment reached ₹636 crore in SIS Q3FY26, reflecting a 10.3% YoY growth and 1.0% QoQ growth.
    • Key client additions came from real estate, automotive, BFSI, and oil & gas sectors.
    • EBITDA margin improved to 5.4%, up from 4.6% in Q3FY25.

    Also Read: TVS Credit Q3FY26 Results: PAT Grows 22% to ₹658 Crore; AUM at ₹29,678 Crore

    SIS Q3FY26 Balance Sheet and Cash Flow Metrics

    • Return on Capital Employed (ROCE) for SIS Q3FY26 stood at 15.2%.
    • Net Debt to EBITDA as of December 2025 was 1.25.
    • Operating cash flow conversion remained strong, with OCF to EBITDA at 140.5% for the quarter.

    Management Commentary on SIS Q3FY26

    Commenting on the quarterly performance, Rituraj Kishore Sinha, Group Managing Director, said, “Q3 FY26 has been a milestone quarter with quarterly revenue crossing ₹4,000 crore for the first time and the highest-ever operating EBITDA of ₹196 crore. With robust nine-month performance, SIS is well positioned for a rebound in FY26.”

    Key Consolidated Financials at a Glance:

    Rs. cr.Q3 FY26Q3 FY25Y-o-YQ2 FY26Q-o-Q
    Revenue fromoperations4,185.23,362.524.5%3,758.511.4%
    Operating EBITDA196.3156.825.2%168.316.6%
    Operating EBITDA %4.7%4.7% 4.5% 
    Operating PAT*100.8102.1–1.3%93.08.4%
    Operating PAT %2.4%3.0% 2.5% 

    * The adjustment is on account of the one-off impact from labour code changes (~INR 232 cr.) and related acquisition cost (~INR 7 cr.).

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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