Outcome of the meeting of Board of Directors of the company held on Thursday. November 6,2025
CEINSYS · price
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Ceinsys Tech reported strong Q2 FY26 standalone results with revenue from operations nearly doubling to Rs. 15,796 lakhs (vs Rs. 8,544 lakhs in Q2 FY25, ~85% growth), and PAT more than doubling to Rs. 3,956 lakhs (vs Rs. 1,792 lakhs, ~121% growth). H1 FY26 revenue rose to Rs. 30,813 lakhs and PAT to Rs. 7,556 lakhs, with basic EPS at Rs. 22.24 for the quarter. Consolidated H1 FY26 PAT jumped to Rs. 6,265 lakhs from Rs. 2,442 lakhs a year ago. However, operating cash flow turned sharply negative, with Rs. 2,040 lakhs used in standalone operations (vs Rs. 6,015 lakhs generated last year) and Rs. 934 lakhs used on a consolidated basis, mainly due to a big jump in unbilled receivables and working capital expansion. The Board also approved setting up a wholly owned subsidiary in Saudi Arabia with an initial Rs. 1 crore investment, accepted the resignation of Vice Chairman & CEO Prashant Kamat (effective Dec 31, 2025) for personal reasons, and noted the resignation of Whole Time Director Surej Kunhithayyil Poyil who will continue as CEO-designate.
Strong top-line and profit growth on the back of expanded operations will likely be viewed positively, but the steep swing into negative operating cash flow and a high-level CEO exit could temper sentiment. Shareholders may watch closely for clarity on working capital recovery and succession plans before the new KSA subsidiary begins adding to results.