Ceinsys Tech Q1 Results Revenue Up to ₹73.84 Crores

Ceinsys Tech Q1 Results: Ceinsys Tech has reported its financial results for the first quarter of the fiscal year ending June 2024. In terms of total revenue, the company earned ₹73.84 crores, which is an increase from ₹72.95 crores in the previous quarter (QoQ), showing a slight quarter-on-quarter growth. However, compared to last year, in June 2023, the revenue was ₹53.82 crores, indicating strong year-over-year (YoY) growth as well. 

Ceinsys Tech made ₹11.91 crores this quarter, down from ₹21.23 crores in the same quarter last year, showing a YoY decline. The operating income also saw a decrease from ₹20.46 crores in the previous quarter to ₹11.93 crores this quarter, highlighting challenges the company is facing, despite a good performance in revenue growth QoQ.

Ceinsys Tech’s selling, general, and administrative expenses increased to ₹25.67 crores from ₹21.74 crores in the previous quarter and were higher than ₹22.87 crores last year, contributing to the decline in profits.

Here are the Q1 results for Ceinsys Tech presented in a table format:

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Ceinsys Tech Q1 Results

Ceinsys Tech's financial results for CEIN5Y5 Tech for the quarter ending June 30, 2024, show the company's performance. The total revenue from operations was Rs. 6,274.16 lakhs, which is higher than the Rs. 4,056.65 lakhs earned in the same quarter last year. This indicates that the company is growing and making more money from its main business activities. They also earned Rs. 155.39 lakhs from other sources, leading to a total income of Rs. 6,429.55 lakhs.

Ceinsys Tech had expenses totaling Rs. 5,074.64 lakhs. The highest costs included employee benefits, which were Rs. 1,651.79 lakhs, and other operating expenses at Rs. 1,436.03 lakhs. After paying these expenses, the profit before tax was Rs. 1,354.91 lakhs. After accounting for taxes, the net profit for the quarter was Rs. 909.70 lakhs, up from Rs. 455.08 lakhs a year earlier. This shows the company is not only making more money but is also managing its costs well. The earnings per share, which is how much money shareholders earn per share they own, were Rs. 5.57, reflecting good financial health for CEIN5Y5 Tech. 

Here's a summary of the standalone unaudited financial results for CEIN5Y5 Tech for the quarter ended June 30, 2024:

(Rs. in Lakhs, unless otherwise stated)

Ceinsys Tech Stock Metrics

Ceinsys Tech is a company with a market capitalization of ₹ 1,140 Crores, indicating its total value in the stock market. The current price of its shares is ₹ 698, with a high of ₹ 765 and a low of ₹ 248 in recent trading. The stock's Price-to-Earnings (P/E) ratio is 29.6, which shows how much investors are willing to pay for each unit of earnings. The book value of the shares is ₹ 143, meaning this is the value of the company's assets per share. It offers a dividend yield of 0.37%, reflecting the return on investment for shareholders. 

Here's the financial information presented in a table format:

Quarterly Results 

In December 2023, Ceinsys Tech had sales of 63 crores and expenses of 52 crores, leading to an operating profit of 11 crores. The operating profit margin (OPM) was 17%. Moving to March 2024, sales increased to 78 crores, with expenses rising to 66 crores. This resulted in an operating profit of 12 crores and a slightly lower OPM of 16%. By June 2024, sales decreased to 74 crores, expenses were at 61 crores, and the operating profit reached 13 crores with an improved OPM of 18%.

Here are the financial results specifically for Dec 2023, Mar 2024, and Jun 2024, along with their particulars:

(Rs. in crores)

About Ceinsys Tech 

Ceinsys Tech is a technology-focused company that provides various solutions in areas like Geospatial services, Enterprise Engineering, and mobility. Established in 1998, it has built a strong reputation as a leading provider in these fields. Ceinsys is recognized for its commitment to quality, as it holds a CMMI DEV Level 5 certification, which indicates its high standards in software development and project management. The company is listed on the Bombay Stock Exchange, showcasing its credibility in the market.

Ceinsys is part of the Meghe Group, a large business group in India. The main goal of Ceinsys is to enhance possibilities and outcomes for its clients and employees. It continually strives to find better solutions and innovations to add value for customers. With a dedicated team, Ceinsys Tech has established itself as a trusted partner for businesses looking for advanced technology solutions.