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, is in focus after it received an order worth Rs. 21.45 crore from the Municipal Corporation.
Price Movement
Genesys International Corporation Limited‘s stock in Monday’s session touched a day’s high of Rs. 751, which was 1.08 percent lower. The stock reiterated from the day’s high and was trading at Rs. 721.85 per share down by 2.84 percent from the previous closing price of Rs. 742.95.
The stock has delivered a return of around 21.62 percent in the past year and has outperformed the Nifty Index in the same period.
What Happened
The company’s stock is in focus after Genesys received an order worth Rs. 21.45 crore from Hubballi – Dharwad Municipal Corporation (HDMC) to adopt Digital Twin Technology to upgrade governance and improve infrastructure management through precision mapping.
This Digital Twin Tech will create a 3D representation of Hubballi – Dharwad, further modernising property tax systems, urban planning and governance.
The 11 zone GIS mapping project, which is priced at Rs. 1.95 crore per zone, optimizes property tax collection and updates municipal records. Further, it helps to streamline taxation and unregistered properties and to assist in revenue growth.
Financial Performance
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 from Rs. 11.09 crore.
Business Segments
As per the recent December 2024 results, the company recognizes its revenue from operations from GIS-based services.
Company Overview & Order Book
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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