Mumbai, 15th February 2023: Genesys International Corporation Limited, pioneer in providing advanced mapping, survey, and geospatial services, announced Financial Results for the quarter and nine months ended 31st December 2022
Key Financial Highlights (Standalone):
- Total Revenue grew by 43.1% Q-o-Q to Rs. 55.9 crores in Q3FY23
- EBITDA grew by 63.7% Q-o-Q to Rs. 21.0 crores in Q3FY23
- PAT grew by 50.5% Q-o-Q to Rs. 13.6 crores in Q3FY23
| Particulars (Rs. Crs) | Q3 FY23 | Q2 FY23 | Q-o-Q | Q3 FY22 | Y-o-Y | 9M FY23 | 9M FY22 | Y-o-Y |
| Total revenue | 55.9 | 39 | 43.1% | 39.9 | 40.2% | 139 | 86.7 | 60.3% |
| EBITDA | 21 | 12.8 | 63.7% | 14.7 | 42.7% | 47.1 | 20.6 | 128.5% |
| EBITDA Margin | 37.5% | 32.8% | 470 bps | 36.9% | 60 bps | 33.9% | 23.7% | 1020 bps |
| PAT | 13.6 | 9.1 | 50.5% | 9.0 | 51.0% | 30.4 | 9.3 | 227.1% |
| PAT Margin | 24.4% | 23.2% | 120 bps | 22.6% | 180 bps | 21.9% | 10.7% | 1120 bps |
Key Highlights:
✓ The company’s traction on its content program remains strong
✓ Standalone Revenue from 9M FY23 has already exceeded full year FY22 revenue
✓ Standalone EBITDA in Q3 FY23 stood at Rs 21.0 Crs, an increase of 63.7 % & 42.7% on a q-o-q and y-o-y basis respectively. EBITDA Margin for Q3 FY23 stood at 37.5%
✓ Standalone PAT in Q3 FY22 stood at Rs. 13.6 Crs, an increase of 50.5% and 51.0% on a q-o-q and y-o-y basis respectively
✓ The company continues to strengthen its management team with talent from leading technology companies
Commenting on the Results, Mr. Sajid Malik – Chairman & Managing Director said, “The results of the quarter reflect the pivot our organization has undertaken given the investments we have made in our content program and our constellationof sensors.In line with the new national geospatial policy the company has initiated content development program to cater to the growing geospatial needs of India. While this policy focuses on developing and updating location centric attributes for India, our content
development program augers well with the policy needs of the country.
The focus of the policy is to make India a world leader in geospatial space and support the liberalization of geospatial sector and democratization of data for enhanced commercialization and value-added services. We at Genesys are welcoming this and are well positioned to support India’s journey of becoming ‘AtmanirbharBharat’. Further, our major tech partnerships with Google, ESRI, Hexagon Geospatial & Bentley will
help us to capture the significant opportunity in digital maps & geospatial sector.We at Genesys are extremely excited and given our past experience and technological expertise, we are favorably positioned to offer next-gen solutions to our clients.”
