The shares of the smart technology and analytics solution provider gained up to 4 percent after the company received a new work order for wireless Water Meter installation worth Rs 12.02 crore.
With a market capitalization of Rs 838.13 crore, the shares of Ceinsys Tech Ltd were trading at Rs 512.95 per share, increasing around 3.86 as compared to the previous closing price of Rs 493.90 apiece.
According to the company filing, Ceinsys Tech Ltd has received a new work order from Maharashtra Industrial Development Corporation for M & R to TTC Industrial Area-Providing & fixing AMR Domestic & Non-Domestic wireless Water Meters including installation, maintenance Integration with MIDC Billing Software, Bill payment App, Field staff Employee App including cloud-based multi-protocol HES & MDMS with Alert worth Rs 12.02 crore.
Looking into Ceinsys Tech Ltd’s performance, revenue increased by 21 percent from Rs 52 crore in Q3 FY23 to Rs 63 crore in Q3 FY24. During the same period, net profit increased by 233 percent, from Rs 3 crore to Rs 10 crore.
Recently, the company received a service order from Fugro USA Land Inc. The order is for the extraction of all assets for 15,581 miles of the New Mexico 2023/2024 Lidar project, amounting to around Rs. 5.26 crore, with a time frame of March 2024 to November 2024.
Segment revenue for Enterprise Geospatial & Engineering Services rose by 2.71% YoY compared to 2021-22 at a consolidated level. The sum increased by Rs. 472.21 Lakhs in 2022-23 compared to 2021-22 at the consolidated level.
It has delivered multi-bagger returns of 162.28 percent in the last six months and 273.90 percent in a year. A shareholder’s investment of Rs. 1 lakh in the company would be worth Rs. 2.73 Lakh in a year.
When it comes to revenue from the geographic segment, the company’s revenue in India increased by 17.5%, from Rs 193.67 crore in FY2021–22 to Rs 164.47 crore in FY2022–23, while revenue from outside of India increased by 2.3 percent from Rs 2.51 crore in FY2021-22 to Rs 2.57 crore in FY2022-23.
Ceinsys Tech Limited, part of the Meghe Group of Institutions, offers Engineering, Geospatial, and IT solutions. It was incorporated in 1998. It focuses on developing, recording, storing, analyzing, and managing all sorts of geographical data.
Written by:- Abhishek singh
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