Ceinsys Tech Limited Reports Strong Q3FY26 Growth with Major Order Wins
Ceinsys Tech Limited delivered exceptional Q3FY26 performance with consolidated revenue of ₹1,699 million (52.0% YoY growth) and EBITDA of ₹399 million (88.2% YoY growth). The company secured significant order wins including ₹1,071 million from UP's State Water & Sanitation Mission and ₹196 million from MMRDA. Strategic partnerships with Aetosky and Tech Mahindra strengthen international market positioning.

*this image is generated using AI for illustrative purposes only.
Ceinsys Tech Limited delivered exceptional financial performance for Q3FY26, reporting consolidated revenue of ₹1,699 million, representing a robust 52.0% year-on-year growth from ₹1,118 million in the corresponding quarter last year. The company announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside several strategic board decisions and significant new order wins that strengthen its market position in the geospatial AI and infrastructure technology sector.
Financial Performance Highlights
The company demonstrated substantial growth across both standalone and consolidated operations, with consistently improving EBITDA margins reflecting operational efficiency and disciplined execution in the geospatial and engineering services sector.
Q3FY26 Consolidated Performance
| Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹1,699 Mn | ₹1,118 Mn | +52.0% |
| EBITDA: | ₹399 Mn | ₹212 Mn | +88.2% |
| EBITDA Margin: | 23.48% | 18.96% | +452 Bps |
| Net Profit: | ₹389 Mn | ₹178 Mn | +118.5% |
| PAT Margin: | 22.90% | 15.92% | +698 Bps |
| Diluted EPS: | ₹19.94 | ₹9.95 | +100.4% |
Nine Months FY26 Performance
| Metric: | 9M-FY26 | 9M-FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹4,900 Mn | ₹2,757 Mn | +77.7% |
| EBITDA: | ₹1,058 Mn | ₹512 Mn | +106.6% |
| EBITDA Margin: | 21.59% | 18.57% | +302 Bps |
| Net Profit: | ₹963 Mn | ₹414 Mn | +132.6% |
| PAT Margin: | 19.65% | 15.02% | +463 Bps |
| Diluted EPS: | ₹48.76 | ₹24.46 | +99.3% |
Major Order Wins and Business Momentum
The quarter witnessed significant business momentum supported by continued order continuity and new opportunities across key government and infrastructure projects.
Key Order Wins
| Client: | Project Details | Value (₹ Mn) |
|---|---|---|
| State Water & Sanitation Mission, UP: | Third-Party Inspection services extension | 1,071 |
| Mumbai Metropolitan Region Development Authority: | Change detection system & BIM implementation | 196 |
| Vasai Virar Municipal Corporation: | STP project DPR & PMC services | 122 |
| Maharashtra State Road Development Corporation: | Digital Project Management Platform | 121 |
| Maharashtra Remote Sensing Applications Centre: | National Soil Mapping Program | 71 |
Strategic Partnerships and Market Expansion
The company strengthened its ecosystem momentum through strategic partnerships with Aetosky (Singapore) and Tech Mahindra, reinforcing its international go-to-market readiness in enterprise geospatial and AI-led infrastructure programs. The company is actively pursuing discussions with domain experts to expand its partnership horizon.
Segment Performance Analysis
The company operates across two primary business segments, both showing strong performance during the quarter.
Geospatial & Engineering Services
| Quarter: | Revenue (₹ Mn) | EBIT (₹ Mn) |
|---|---|---|
| Q3-FY25: | 489 | 75 |
| Q2-FY26: | 754 | 146 |
| Q3-FY26: | 1,088 | 255 |
Technology Solutions
| Quarter: | Revenue (₹ Mn) | EBIT (₹ Mn) |
|---|---|---|
| Q3-FY25: | 628 | 209 |
| Q2-FY26: | 877 | 240 |
| Q3-FY26: | 611 | 211 |
Key Board Decisions and Corporate Developments
The board approved several significant decisions during its meeting held on February 9, 2026, that will shape the company's future direction and leadership structure.
Leadership and Governance
| Decision: | Details |
|---|---|
| Managing Director Re-appointment: | Dr. Abhay Kimmatkar for 3 years from April 1, 2026 |
| Term Duration: | April 1, 2026 to March 31, 2029 |
| Approval Status: | Subject to shareholder approval |
Subsidiary Investment Authorization
| Parameter: | Details |
|---|---|
| Target Entity: | Technology Associates Inc., US |
| Investment Amount: | Up to ₹40.00 crores |
| Investment Type: | Loan conversion + fresh equity |
| Completion Timeline: | On or before March 31, 2026 |
Market Outlook and Growth Strategy
According to Kaushik Khona, MD – India Operations, CS TECH Ai, "Q3-FY26 represents a meaningful milestone in our growth journey. Our focus has been on building a predictable, resilient business — one that grows quarter after quarter while maintaining financial discipline. The improving EBITDA margins reflect the strength of our operating model and the maturity of our execution."
Order Book and Pipeline
| Metric: | Value |
|---|---|
| New Orders Booked (Oct-Dec 2025): | ₹1,700 Mn |
| Closing Orders (Dec 31, 2025): | ₹9,990 Mn |
| Working Capital Cycle: | 160-162 days |
The company recorded exceptional items of ₹12 Mn in Q3FY26 related to gratuity impact due to Government of India's labour code consolidation effective November 21, 2025. The paid-up equity share capital remained at ₹178 Mn with continued employee stock option activities under the company's incentive schemes.
Historical Stock Returns for Ceinsys Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | +8.29% | -3.18% | -3.18% | -3.18% | -3.18% |


































