Genesys International Corporation Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

Revenue from operations surged 61.39% year on year (YoY) to Rs 55.76 crore in the quarter ended 30 June 2024.

Profit before tax for the quarter stood at Rs 8.78 crore as compared with pre-tax loss of Rs 5.24 crore recorded in first quarter of FY24.

During Q1 FY25, EBITDA stood at Rs 22.03 crore in June 2024 quarter, significantly higher from 6.53 crore in similar quarter previous fiscal. EBITDA margin improved to 38.88% in Q1 FY25 as against 18.60% in Q1 FY24.

Sajid Malik – chairman & managing director said, “This year should see the impact of our India map stack as is beginning to get reflected in our current quarter. In the quarter in question, we launched one of the most state of art automotive navigation map platform and in the coming quarters we expect to see good traction in terms of new product launches.

We have also made great progress of our 3D Digital twin initiatives with several cities adopting the same. We expect this to be a game changer in terms of the usage of map data for multiple markets as the markets now evolve towards 3D and the digital twin space.

Over the past quarter several market developments favor the large-scale adoption of Genesys 3Ddata in the areas of solar /renewable energy , urban planning , real estate , disaster management, land records and our advanced location intelligence product for BFSI, insurance and retail sectors.”

The company stated, “This quarter’s result reflect the impact of the New India map stack strategy and the content program developed by the company. The adoption of the company's content program has picked up momentum, and during the quarter, the company secured some significant contracts that will benefit its future. Over the next few quarters, we anticipate a strong momentum in product launches across key verticals.”

Genesys International Corporation is a premier advanced mapping company. With a team of close to 2,000 professionals along with the nationwide Genesys constellation of sensors, the company is building the new India map stack. Genesys International has unique expertise, encompassing an understanding of emerging consumer applications related to mapping technology and the capability to provide cutting-edge solutions on the enterprise and government markets.

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Net profit of Genesys International Corporation reported to Rs 5.38 crore in the quarter ended June 2024 as against net loss of Rs 5.33 crore during the previous quarter ended June 2023. Sales rose 61.39% to Rs 55.76 crore in the quarter ended June 2024 as against Rs 34.55 crore during the previous quarter ended June 2023.

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Genesys International Corporation will hold a meeting of the Board of Directors of the Company on 14 August 2024.

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The benchmark indices traded in a narrow range with small gains in mid-afternoon trade. The Nifty traded above the 23,900 level after hitting day’s low of 23,805.40 in early trade. PSU bank shares declined after advancing in the two consecutive trading sessions. Trading was volatile due to monthly F&O series expiry today.

At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 277.06 points or 0.35% to 79240.08. The Nifty 50 index added 77.45 points or 0.32% to 23,946.25.

The Sensex and Nifty clocked an all-time high of 79,240.08 and 24,036.60 respectively in afternoon trade. Further, the Nifty Bank registered a life high of 53,180.75 in morning trade.

In the broader market, the S&P BSE Mid-Cap index shed 0.28% and the S&P BSE Small-Cap index declined 0.90%.

The market breadth was weak. On the BSE, 1,346 shares rose and 2,492 shares fell. A total of 125 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index declined 1.46% to 7,261.50. The index rose 0.45% in past two trading sessions.

Punjab National Bank (down 4.18%), Bank of India (down 2.95%), UCO Bank (down 2.39%), Punjab & Sind Bank (down 2%), Central Bank of India (down 1.97%), Union Bank of India (down 1.74%), Indian Overseas Bank (down 1.6%), Canara Bank (down 1.22%), Bank of Baroda (down 1.16%) and Bank of Maharashtra (down 1.04%) edged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal shed 0.01% to 6.996 as compared with previous close 6.997.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.4875, compared with its close of 83.5750 during the previous trading session.

MCX Gold futures for 5 August 2024 settlement rose 0.04% to Rs 71,120.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.04% to 106.01.

The United States 10-year bond yield gained 0.49% to 4.336.

In the commodities market, Brent crude for August 2024 settlement added 43 cents or 0.50% to $85.68 a barrel.

Stocks in Spotlight:

Genesys International Corporation jumped 5.25% after the company announced a strategic partnership with NNG, a leading automotive navigation and connected car technology solutions provider.

Aurobindo Pharma shed 1.29%. The United States Food and Drug Administration (US FDA) inspected Telangana facility of Eugia SEZ, a 100% step-down subsidiary of Aurobindo Pharma from 19 February to 29 February 2024.

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