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's board approved unaudited standalone and consolidated results for Q2 and H1 FY26 (ended September 30, 2025) with a clean (unmodified) limited review report from auditors Chaturvedi & Shah LLP. Standalone revenue from operations nearly doubled to Rs. 30,813 lakhs in H1 FY26 from Rs. 15,491 lakhs a year ago, while Q2 revenue rose ~85% to Rs. 15,796 lakhs. Standalone profit after tax more than doubled to Rs. 7,556 lakhs (H1) and Rs. 3,956 lakhs (Q2), with EPS of Rs. 22.24 for the quarter. Technology Solutions and Geospatial segments both posted sharp growth on a consolidated basis. The board also gave in-principle approval to set up a wholly owned subsidiary in Saudi Arabia with an initial investment of up to Rs. 1 crore. Vice Chairman & CEO Prashant Kamat will resign effective December 31, 2025 due to personal reasons, while Whole Time Director Surej Poyil stepped down on November 6, 2025 but continues as Non-Executive Director and CEO designate.
Strong revenue and profit growth, alongside expansion plans, are positives for shareholders. However, leadership change at the top (CEO exit) may create short-term uncertainty, and standalone operating cashflow turned negative (Rs. -2,040 lakhs in H1) due to a sharp rise in unbilled receivables worth watching.