Genesys reports 80% jump in revenues for Q3 on consolidated basis

Genesys International Corporation Limited, pioneer in providing advanced mapping, survey and geospatial services, announced its financial results for the quarter and half year ended 31st December, 2023.

Key Highlights:

- Consolidated Revenue for Q3 FY24 stood at Rs. 61.87 Cr
- Consolidated EBITDA increased by Rs.12.16 crs constituting 57.49% growth on a y-o-y basis. EBITDA Margin stood at 53.83% compared to 37.61% on a y-o-y basis
- Consolidated EBITDA increased by Rs.24.49 crs constituting 277.80% growth on a q-o-q basis. EBITDA Margin stood at 53.83% compared to 25.70% on q-o-q basis
- Consolidated PAT increased by 101% on y-o-y basis and 580% on q-o-q basis
- Standalone Revenue for Q3 FY24 stood at Rs. 60.25 Crs
- Standalone EBITDA increased by Rs.11 crs constituting 52.44% growth on a y-o-y basis. EBITDA Margin stood at 53.05% compared to 37.52% on a y-o-y basis
- Standalone EBITDA increased by Rs.23.33 crs constituting 277.80% growth on a q-o-q basis. EBITDA Margin stood at 53.05% compared to 25.43% on q-o-q basis
- Standalone PAT in Q3 FY24 stood at Rs. 20.55 Crs

Commenting on the Results, Mr. 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.

Shares of Genesys International Corporation Limited was last trading in BSE at Rs. 478.20 as compared to the previous close of Rs. 475.45. The total number of shares traded during the day was 2835 in over 364 trades.

The stock hit an intraday high of Rs. 484.85 and intraday low of 464.45. The net turnover during the day was Rs. 1344519.00.

Source : Equity Bulls

Keywords

GenesysInternationalCorporation INE727B01026 Q3FY24 9MFY24 ResultUpdate