Ceinsys Tech Limited , a technology solutions provider, has announced a significant contract win from the Mumbai Metropolitan Region Development Authority (MMRDA). The company has been awarded a Letter of Award (LoA) for the upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement at MMRDA.

Contract Details

The contract, valued at ₹15.95 crore (excluding GST), positions Ceinsys Tech as the appointed agency for this crucial software upgrade project. The scope of work includes the upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement for MMRDA.

Project Duration and Scope

According to the company's disclosure to the BSE, the project has a duration of four years. This period encompasses both the license delivery and operations and maintenance (O&M) support for 16 quarters following the license activation.

Strategic Importance

This contract win is significant for Ceinsys Tech, as it demonstrates the company's capabilities in handling large-scale software upgrade projects for important government bodies. The MMRDA, responsible for the infrastructure development of the Mumbai Metropolitan Region, is a prestigious client that could potentially lead to more opportunities in the public sector.

Financial Impact

The contract value of ₹15.95 crore represents a substantial addition to Ceinsys Tech's order book. While the immediate financial impact may be spread over the four-year duration of the project, it provides a steady revenue stream and enhances the company's market position in the technology services sector.

Company's Disclosure

In compliance with SEBI regulations, Ceinsys Tech has made a detailed disclosure to the BSE. The company confirmed that the contract is not a related party transaction and that neither the promoter nor the promoter group has any interest in MMRDA.

This contract win underscores Ceinsys Tech's growing presence in the government technology solutions space and its ability to secure significant projects in a competitive market.

Ceinsys Tech Limited has delivered an exceptional performance in the first quarter, setting new records across key financial metrics. The company, which recently rebranded to CS Tech Ai, has demonstrated significant growth and improved operational efficiency in its core business segments.

Financial Highlights

Ceinsys Tech reported a remarkable 112% year-on-year increase in operational revenues, reaching INR 157.00 crores for Q1. This surge in revenue was accompanied by an impressive 130% growth in EBITDA, which stood at INR 30.00 crores, with margins expanding to 19.35%. The company's bottom line saw an even more substantial improvement, with net profit surging 166% to INR 32.00 crores.

Operational Performance

The company's technology solutions execution saw a significant boost, with a 2.74-fold increase to INR 84.00 crores, contributing 54% to the total turnover. This shift towards higher-margin technology solutions has been a key driver of Ceinsys Tech's improved profitability.

Ceinsys Tech's order book remains robust at INR 1,209.00 crores, providing strong visibility for future growth. The company also maintains a healthy operational cash surplus of INR 127.00 crores, indicating a solid financial position.

New Contract Wins

During the quarter, Ceinsys Tech secured several notable contracts:

• A INR 115.00 crore project from MMRDA for infrastructure monitoring
• Additional contracts worth INR 11.50 crores and INR 5.50 crores from MMRDA for project management consulting and Autodesk software development, respectively

Future Outlook

Management expects to secure fresh orders worth INR 800.00-900.00 crores during the current financial year. Notably, approximately INR 400.00 crores are anticipated from Jal Jeevan Mission projects, pending the conclusion of government audit processes.

Operational Efficiency

Ceinsys Tech has demonstrated improved operational efficiency, with employee costs declining to 23% of revenue from 35% in the previous year. This reduction in costs as a percentage of revenue highlights the company's ability to scale operations effectively.

Strategic Initiatives

The company is actively pursuing growth opportunities, both organically and inorganically. Ceinsys Tech is exploring potential acquisitions in the geospatial and technology solutions space, with a focus on expanding its presence in international markets, particularly in the United States and Europe.

Investor Conference Participation

In a separate announcement, Ceinsys Tech informed that its management will be participating in the 'Emkay Confluence – India Ascending: The Next Leap' conference on August 14, 2025, in Mumbai. This event provides an opportunity for investors to engage with the company's leadership and gain further insights into its growth strategy.

Ceinsys Tech's strong Q1 performance, coupled with its robust order book and strategic initiatives, positions the company well for continued growth in the geospatial engineering and technology solutions sectors. As the company expands its international presence and enhances its technological capabilities, investors will be keenly watching its progress in the coming quarters.