This GIS stock which deals in the business of providing Geographical Information Services that comprises photogrammetry, remote sensing, data conversion, cartography, terrestrial and 3D geo-content that includes location navigation mapping and others, dropped upto 14 percent despite the company’s Q3FY5 net profit grew by 87 percent QoQ and QIP plan announcement.
Price Movement
Genesys International Corporation Limited‘s stock in Monday’s session touched a day’s low of Rs. 665 which was 14.22 percent lower. The stock reiterated from the day’s low and was trading at Rs. 689.30 per share down by 11.09 percent from the previous closing price of Rs. 775.30. The stock has delivered a return of around 36 percent in the past year and has outperformed the Nifty Index in the same period.
Financial Performance
The company’s stock declined despite Genesys International’s financial performance for Q3FY25 results show revenue from operations of Rs. 89 crore which increased by 50.14 percent year on year, from Rs. 59.33 crore in Q3FY24 and a 23.68 percent increase from Rs. 72.02 crore in Q2FY25.
Their net profit increased by 31.75 percent year on year, from Rs. 15.72 crores in Q3FY24 to Rs. 20.71 crores in Q3FY25. Quarterly, the profits increased by 86.78 percent to Rs. 11.09 crore.
Management Commentary
Commenting on the Results, the Chairman & MD of Genesys International Corporation, Sajid Malik said “The results of this quarter reflect the ongoing execution of and increasing acceptance of our map stack. The use of Location intelligence will become more pervasive to solve many consumer, enterprise, and governance applications.
The company has developed a wide array of capabilities in many critical applications and the results of that will also continue in the coming future. Notably, our performance reflects the successful delivery of key geospatial projects in the 3D digital twin space, paving the way for increased traction going forward”.
Fund Raising Plans
The company plans to raise funds through Qualified Institutional Investors (QIP) upto Rs. 350 crores.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from operations from GIS-based services.
About the company
Genesys International Corporation was established in 1995 and it specializes in advanced mapping and geospatial services, including LiDAR and photogrammetry. They offer GIS solutions, 3D digital twin technology, and AI-powered mapping while positioning themselves as a key player in India’s geospatial sector. The order book stood at Rs. 541.59 crore as per a recent Care Ratings filing dated 10th September 2024.
Written by Santhosh S
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