Matrix Geo Solutions has accepted the resignation of its Chief Financial Officer, Shivam Kumar, effective from the close of business hours on June 30, 2026. The resignation, attributed solely to personal reasons, was communicated to the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no other material reasons for the departure.

The Board of Directors has initiated the process to identify and appoint a suitable successor to the position of Chief Financial Officer. Matrix Geo Solutions stated that it will make the necessary disclosures regarding the new appointment in accordance with the applicable provisions of the SEBI (LODR) Regulations.

Management reassured stakeholders that the change in the CFO position does not impact the company's business operations, financial performance, internal controls, governance framework, or statutory compliance processes. The finance function continues to operate under the oversight of the senior management and the Board to ensure continuity in financial reporting and compliance obligations.

The resignation details were provided in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Matrix Geo Solutions reported an 81.5% rise in revenue to ₹40.10 Cr for the financial year ended March 31, 2026, driven by accelerated project execution and a surge in geospatial demand. The company's EBITDA increased by 62.0% to ₹13.25 Cr, while the unbilled backlog reduced significantly from ₹22.9 Cr in March 2025 to ₹12.1 Cr in March 2026. The firm has scheduled an earnings conference call on July 1, 2026, at 4:30 PM IST to review the half-year and annual performance.

The earnings call will be hosted by the company's senior management team and will cover financial results, operational performance, technology platform capabilities, and strategic outlook. The agenda includes discussions on H2 and FY26 financial results, company and technology overview, sector-wise opportunities, and guidance for FY27 and FY28. Investors can register for the virtual event via the provided Zoom link.

Financial Performance

Matrix Geo Solutions demonstrated strong operational leverage in FY26, with revenue per employee increasing to ₹38.56 lakh from ₹23.01 lakh in the previous year. Standalone revenues expanded by 192.7% over the FY24-FY26 period, while the team grew by only 30.0%. The company attributes the growth to the deployment of drone-LiDAR systems, which enhanced execution speeds.

Future Guidance

The company has provided an operating revenue target of ₹65 Cr for FY27E, with an expected PAT margin of 25% or higher. Management estimates are based on current visibility, tender outcomes, and execution assumptions. The strategic vision for FY28 focuses on infrastructure intelligence platforms, innovation strategies, and partnerships.

Strategic Developments

Matrix Geo Solutions is expanding its international footprint and leveraging 18 years of proprietary data and software. Approximately 81.99% of FY26 revenue originated from repeat clients. The company is also developing sector-specific products such as RailTwin™, Mine Insighter™, and PowerTwin™ to open recurring-revenue paths across government, PSU, and developer clients. Additionally, the Drone Academy of India (DAI) operates as a DGCA-authorized RPTO to address the shortage of certified drone pilots.