Ceinsys Tech Limited , a company specializing in geospatial and engineering solutions, has announced the receipt of an additional work order worth Rs 2.02 crore from the Maharashtra Remote Sensing Application Centre (MRSAC). This development marks an expansion of the company's ongoing projects with MRSAC.

Project Details

The new work order is for conducting a detailed soil survey and mapping under the National Soil Mapping Programme (NSMP) for part of Nashik District, Maharashtra. This project comes with a 4-month completion timeline.

Cumulative Contract Value

With this latest addition, Ceinsys Tech's aggregate value of work orders from MRSAC has now reached Rs 7.06 crore including GST. This total includes previous orders, demonstrating the company's ongoing relationship with MRSAC and its expertise in the field of remote sensing applications.

Project Scope and Significance

The work order focuses on detailed soil survey and mapping, which is crucial for agricultural planning, land use management, and environmental conservation. By leveraging remote sensing technologies, Ceinsys Tech will contribute to the mapping of soil characteristics in the specified region.

Company's Position

Ceinsys Tech Limited is empaneled with MRSAC for Detailed Soil Survey and Mapping under the NSMP, indicating its recognized expertise in this specialized field. This empanelment and the subsequent work orders underscore the company's position in the geospatial and remote sensing sector.

Financial Implications

Here's a breakdown of the work order details:

This additional work order adds to Ceinsys Tech's order book and reinforces its relationship with government entities.

The company's ability to secure repeat orders from MRSAC suggests a track record in delivering work in the field of remote sensing and geospatial services. As Ceinsys Tech expands its portfolio of government projects, it may see impacts on its revenue and market position.

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.