Ceinsys Tech Limited , a leading technology solutions provider in the IT-enabled sector, has reported robust financial results for the second quarter and first half of fiscal year 2025-26, demonstrating significant growth across key metrics. The company has also issued a clarification denying speculative messages and baseless rumors circulating in the market.

Financial Highlights

The company's operational revenue for Q2 FY2025-26 grew by an impressive 82% year-on-year to Rs. 164.00 crores. This strong performance was accompanied by substantial improvements in profitability:

The EBITDA margin showed a notable improvement of 310 basis points year-on-year, reflecting enhanced operational efficiency and a focus on higher-margin projects.

Half-Year Performance

For the first half of FY2025-26, Ceinsys Tech's results were equally impressive:

Segment-wise Performance

The Technology Solutions segment emerged as a significant contributor, accounting for 54% of the total turnover in Q2. This segment saw a remarkable 2.5-fold increase, rising from Rs. 36.00 crores in Q2 FY2024-25 to Rs. 88.00 crores in the current quarter.

The Geospatial and Engineering Services projects also demonstrated healthy growth, increasing by 39% year-on-year to Rs. 75.00 crores in Q2 FY2025-26.

Order Book and Cash Position

As of September 2025, Ceinsys Tech's total order book stands at Rs. 1,092.00 crores, indicating strong demand and customer confidence. The company maintains a solid financial position with an operational cash surplus of Rs. 47.00 crores.

Key Contract Wins and Receivables Recovery

During the quarter, Ceinsys Tech secured several major contracts:

1. An AEC software development project valued at Rs. 21.00 crores, including a three-year enterprise license commitment.
2. Two project management consulting contracts valued at Rs. 115.00 crores and Rs. 11.00 crores, respectively.

Additionally, the company reported successful recovery of Rs. 117.00 crores from trade receivables during October-November 2025 and secured new confirmed orders worth Rs. 145.81 crores in the last 4-5 months.

Working Capital and Future Outlook

The company's net working capital cycle currently stands at 160 days. Management expects this to improve to approximately 120-130 days in the coming quarters, with Rs. 60.00 crores already recovered in October.

Ceinsys Tech continues to invest in technology innovation and business development, particularly to expand its presence in the U.S. market. The company invested Rs. 21.00 crores towards these initiatives, with Rs. 13.00 crores expensed during the quarter.

Conclusion

Ceinsys Tech Limited's Q2 and H1 FY2025-26 results demonstrate strong growth and improved profitability, driven by successful project execution and a focus on high-margin technology solutions. The company's robust order book, strategic investments, and recent contract wins position it well for continued growth in the coming quarters. Furthermore, the company's clarification addressing market rumors underscores its commitment to transparency and accurate information dissemination to its stakeholders.

Ceinsys Tech Limited , a leading IT services company, has reported financial results for the second quarter and half-year ended September 30, 2025, along with leadership changes, expansion plans, and details on its recent preferential issue.

Financial Performance

The company's consolidated financial results for Q2 FY26 show:

On a standalone basis, Ceinsys Tech reported:

Leadership Transitions

Ceinsys Tech announced key leadership changes:

1. Mr. Prashant Kamat has resigned as Director, Whole Time Director, and CEO (Vice Chairman), effective December 31, 2025, citing personal commitments.

2. Mr. Surej Kunhithayyil Poyil has stepped down as Whole Time Director, effective November 6, 2025. He will continue as a Non-Executive Director and CEO designate of the company.

Global Expansion Plans

The Board of Directors has granted in-principle approval for global expansion. Ceinsys Tech plans to establish a Wholly Owned Subsidiary in the Kingdom of Saudi Arabia, focusing on IT services.

Segment Performance

The company's financial results show performance across business segments:

1. Geospatial and Engineering Services: Revenue of ₹1,477.50 crore in H1 FY26.
2. Technology Solutions: Revenue of ₹1,716.20 crore for the same period.

Dividend Announcement

Ceinsys Tech has approved a dividend of ₹3.50 per equity share, as confirmed in the Annual General Meeting held on September 29, 2025.

Preferential Issue Update

Ceinsys Tech Limited has disclosed the status of funds raised through a preferential allotment of equity shares and convertible share warrants:

• The company raised ₹235.06 crores, slightly less than the originally approved ₹243.40 crores, as one proposed allottee did not avail shares worth ₹8.34 crores.
• The issue comprised 11,01,749 equity shares and 30,96,515 share warrants at ₹559.90 each to non-promoter allottees.
• Ceinsys Tech received ₹105.03 crores, including full consideration of ₹61.69 crores for equity shares and 25% consideration of ₹43.34 crores for share warrants.
• As of September 30, 2025, only ₹0.011 crores has been utilized for working capital purposes.
• The funds are allocated for:
  • Strategic business acquisitions/investments outside India (₹170.38 crores)
  • Expansion of existing business operations in India (₹48.68 crores)
  • Working capital (₹24.34 crores)
• ₹105 crores remains invested in term deposits, with ₹0.02 crores in a separate bank account.

The company's financial performance, expansion plans, leadership changes, and recent capital raise position Ceinsys Tech for continued growth in the IT services sector.