Genesys International Corporation Results: Latest Quarterly Results & Analysis

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Genesys International Corporation Ltd. 28 Oct 2024 18:27 PM

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IT Consulting & Software company Genesys International Corporation announced Q2FY25 results

Consolidated Revenue for Q2FY25 stood at Rs 73.02 crore.
Consolidated EBITDA increased to Rs 30.38 crore from Rs 8.82 crore in the same quarter previous year constituting 244.62% growth on a YoY basis. EBITDA Margin stood at 41.60% compared to 25.70% on a YoY basis.
Consolidated EBITDA increased to Rs 30.38 crore from Rs 21.82 crore in the previous quarter constituting 39.24% growth on a QoQ basis. EBITDA Margin stood at 41.60% compared to 38.17% on QoQ basis.
Consolidated PAT increased to Rs 11.23 crore from Rs (-3.44 crore) constituting 440.30% on YoY basis and Rs 11.23 crore from Rs 5.38 crore constituting 108.74% on QoQ basis.
Standalone Revenue for Q2FY25 stood at Rs 71.92 crore.
Standalone EBITDA increased to Rs 30.28 crore from Rs 8.62 crore in the same quarter previous year constituting 251.28% growth on a YoY basis. EBITDA Margin stood at 42.11% compared to 25.40% on a YoY basis.
Standalone EBITDA increased to Rs 30.28 crore from Rs 22.03 crore in the previous quarter constituting 37.45% growth on QoQ basis. EBITDA Margin stood at 42.11% compared to 38.88% on QoQ basis.
Standalone PAT increased to Rs 17.18 crore from Rs 2.46 crore constituting 598.37% on YoY basis and Rs 17.18 crore from Rs 11.60 crore constituting to 48.10% on QoQ basis.

Sajid Malik, Chairman & Managing Director, Genesys International Corporation, said: “This quarter’s performance reflects the impact of the investments made in the New India map stack. Several cities have began adoption of our digital twin solutions and we expect to gain significant traction in the same given the marquee status of the cities that we are working in. Of the markets that we hope to address with our New India map stack, we launched the automobile navigation vertical with our partnership with NNG, a global leader in automotive navigation software. We have had a good market reception of the same. In the coming two quarters we hope to launch two new verticals in location intelligence with our map stack in India. In Saudi Arabia, we strengthened our market position in the burgeoning Saudi geospatial market with two new strategic wins.”

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Q4FY24 Quarterly Result Announced for Genesys International Corporation Ltd.

Realty company Genesys International Corporation announced Q4FY24 results:

Standalone Financial Performance:

In Q4FY24, Genesys International reported a Total Revenue of Rs 70.11 crore.
The EBITDA margin stood at 53.11%, and PAT margin reached 30.70%.

Consolidated Financial Performance:

On a consolidated basis for Q4FY24, the Total Revenue was Rs 71.63 crore.
The company saw an EBITDA margin of 51.26% and a PAT margin of 20.73%.

Commenting on the Results, Sajid Malik – Chairman & Managing Director said,“This quarter’s results signifies the beginning of the impact of the good work put in by thecompany on the New India Map stack. Adoption has gained traction of the company's contentprogram and in the quarter the company won some very marquee contracts which will hold thecompany in good stead. In the coming few quarters, we expect good traction in terms of productlaunches in key verticals.”

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Q3FY24 Quarterly Result Announced for Genesys International Corporation Ltd.

IT Consulting & Software company Genesys International Corporation announced Q3FY24 results:

Consolidated Q3FY24

Revenue for Q3FY24 stood at Rs 61.87 crore
EBITDA increased by Rs 12.16 crore constituting 57.49% growth on a YoY basis. EBITDA Margin stood at 53.83% compared to 37.61% on a YoY basis
EBITDA increased by Rs 24.49 crore constituting 277.80% growth on a QoQ basis. EBITDA Margin stood at 53.83% compared to 25.70% on QoQ basis
PAT increased by 101% on a YoY basis and 580% on a QoQ basis

Standalone Q3FY24

Revenue for Q3FY24 stood at Rs 60.25 crore
EBITDA increased by Rs 11 crore constituting 52.44% growth on a YoY basis. EBITDA Margin stood at 53.05% compared to 37.52% on a YoY basis
EBITDA increased by Rs 23.33 crore constituting 277.80% growth on a QoQ basis. EBITDA Margin stood at 53.05% compared to 25.43% on QoQ basis
PAT in Q3FY24 stood at Rs 20.55 crore

Commenting on the Results, Sajid Malik – Chairman & Managing Director said, “This quarter has been highly successful for us as our 3D mapping and digital twin content platform are rapidly gaining traction, evident from our current business performance. We've achieved significant milestones recently, including our partnership with Survey of India to revolutionise Indian mapping by creating digital twins of Indian cities, the launch of automotive ADAS-related maps, completion of street imaging content for over a thousand towns and cities being utilized by major tech companies, to becoming the official digital twin map platform for Ayodhya and being tasked with creating the digital twin of Mecca. Noteworthy applications in densely populated urban areas like Dharavi underscore the robustness of our mapping capabilities. We've now begun the process of creating digital twins for numerous cities in India. Leveraging our extensive Genesys constellation, we're developing the most advanced mapping platform for India, with plans for significant scaling in the upcoming quarters. We believe we're establishing a critical digital infrastructure layer for the country, catering to a diverse range of industries

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FY23 Annual Result Announced for Genesys International Corporation Ltd.

IT Consulting & Software company Genesys International Corporation announced FY23 results:

The company’s traction on its content program remains strong
Standalone Revenue from 12MFY23 has exceeded full-year FY22 revenue by 50.24%
Standalone EBITDA in FY23 stood at Rs 64.85 crore, an increase of Rs 32.38 crore, 99.75% EBITDA Margin for FY23 maintained at 37%
Standalone PAT in FY23 stood at Rs 38.46 crore, a YoY increase of 145.58%
Net Profit attributable to Genesys (Parent) has increased from Rs 13.41 crore in FY22 to Rs 19.08 crore, in FY23 registering an increase of 42% on a YoY basis
Genesys has increased its shareholding in A N Virtual World from 66% to 97.50% during the year

Commenting on the results, Sajid Malik – Chairman & Managing Director said, “Our improved financial performance is a function of the pivot in our business model and the investments we have made in the digital twin space . Our partnerships with world leaders and several path breaking geo content work we have undertaken in this year manifest in our financial results . Digital twins / 3D modelling of the world will become a key part of what digitisation is paving the way to engage and govern our world in more efficient ways.”

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Coal India and BPCL likely to invest Rs 12,000 crores into Coal Gasification JV

As per media sources, BPCL and Coal India plans to jointly invest in a Rs 12,000 crores coal gasification project in Chandrapur district of eastern Maharashtra. Coal India and BPCL will hold 51% and 49% in the JV, respectively. The project will have debt to equity ratio of 70:30 or 65:35, with both the partners contributing equity commensurate with their shareholding.

Published on 26-Dec-2024 09:02

Government is reassessing it's initiative that mandates coal-fired power plants

Based on the findings of the study by CSIR - Neeri, Government is reassessing it's initiative that mandates coal-fired power plants to install flue gas desulphurisation (FGD) systems to reduce sulphur emmisions. Due to the high costs associated with foreign technology and unavailability of manpower, of 540 power stations required to implement FGD, only 8% have implemented FGDs. With the sulphur content at the Indian power plants at only 0.5% vs 0.5%-5% globally there is no advantage in installing FGD at Indian power plants. The study said coals high ash content was a bigger problem for power plants. The officials are considering deployment of locally manufactured electrostatic precipitators, which remove fine particles like dust and smoke from emissions. These cost approximately one-fifth of FGD systems.

Published on 26-Dec-2024 09:00

Government initiated safeguard investigation on steel imports

As per DGTR (Department General of Trade Remedies), the government has initiated a probe into the imports of Non-Alloy and Alloy flat steel products into the country. This includes Hot rolled coils, sheets, and plates, HR plate mill, Cold Rolled (CR) coils and sheets, metallic coated steel coils and sheets, and colour coated coils and sheets. The period of investigation of steel imports is between 1st Oct’23 to 30th Sept’24. Moreover, the domestic steel manufacturers have sought imposition of safeguard measures for a period of 4 years.

Published on 23-Dec-2024 09:09

SSWL receives steel wheel order from European OEM

In a press release, Steel Strips Wheels Limited (SSWL) has announced that it has received a nomination for a steel wheel supply contract from a leading European OEM, valued at approximately €15 million (~₹ 135 crore) over six years, with series supplies expected to begin by the end of calendar year 2026.

Published on 23-Dec-2024 09:08

Bajaj Auto launches the all-new Chetak 35 series

Bajaj Auto has officially launched the Chetak 35 series, an upgraded version of its classic electric scooter, in India on December 20. This new series consists of three models: Chetak 3501, 3502, and 3503. While maintaining the iconic look of the original Chetak, the updated models feature significant enhancements, including a 3.5 kWh battery mounted under the floorboard, which allows for increased storage space and improved ride comfort. The Chetak 3501 is priced at ₹1.27 lakh and the 3502 at ₹1.2 lakh (ex-showroom). A standout feature of the Chetak is its impressive range of 153 km on a single charge, with quick charging capabilities that allow it to reach 80% in just three hours. Additionally, the scooter boasts a robust metal body, a spacious 35 litres of boot space, and advanced features such as a smart touchscreen console, document storage, music playback, and geofencing technology for enhanced tracking. Bookings are open online and at Bajaj dealerships, with deliveries for the 3501-model starting in late December 2024 and for the 3502 in January 2025, accompanied by a warranty of three years or 50,000 km.

Published on 23-Dec-2024 09:08

Defence ministry signs Rs 7629 crore contract with L&T

Ministry of Defence (MoD) has signed a contract with Larsen & Toubro (L&T) for procurement of 100 K9 VAJRA-T Self-Propelled Tracked Artillery Guns. The procurement of the 155 mm/52 calibre guns will catalyse the artillery modernization and enhance the overall operational readiness of the Indian Army. The total contract size is Rs 7,628.7 crore.

Published on 23-Dec-2024 09:07

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