Matrix Geo targets ₹500 Cr revenue in five years
Matrix Geo Solutions reported an 81.5% rise in revenue to ₹40.10 Cr for FY26, with EBITDA growing 62.0% to ₹13.25 Cr and PAT increasing 72.98% to ₹10.05 Cr. The company attributes the growth to operational efficiency and drone-LiDAR deployment, reducing unbilled backlog to ₹12.1 Cr. Management has set a revenue target of ₹65 Cr for FY27 and aims to achieve ₹500 Cr within five years, focusing on infrastructure intelligence platforms and international expansion.
*this image is generated using AI for illustrative purposes only.
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.
| Metric | FY26 Value | Growth |
|---|---|---|
| Revenue | ₹40.10 Cr | ▲ 81.5% |
| EBITDA | ₹13.25 Cr | ▲ 62.0% |
| PAT | ₹10.05 Cr | ▲ 72.98% |
| EBITDA Margin | 33.04% | - |
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.
Historical Stock Returns for Matrix Geo Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.44% | +9.79% | +0.08% | -31.92% | -34.39% | -34.39% |
How will the reduction in unbilled backlog impact the company's cash flow and working capital requirements in FY27?
What specific market opportunities is Matrix Geo targeting to achieve the projected 62% revenue growth to ₹65 Cr in FY27?
How will the introduction of sector-specific products like RailTwin™ and Mine Insighter™ contribute to recurring revenue streams?
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