Genesys International's Profits Skyrocket with Innovative Geospatial Solutions
Genesys International reported a substantial 27.5% increase in net profit for Q4, reaching Rs 18.94 crore. The full fiscal year profit soared to Rs 56.22 crore, a significant rise from the previous period. Revenue growth is attributed to the successful deployment of the India Map Stack and rising demand for 3D data.
- Country:
- India
Geospatial solutions firm Genesys International has announced a notable 27.5% increase in consolidated net profit, totaling Rs 18.94 crore for the January-March quarter.
The figures show a significant rise from the previous year's Rs 14.85 crore, as revealed in a regulatory filing. Revenue for the quarter rose by 32.3% to Rs 94.16 crore compared to Rs 71.17 crore in Q4 FY24.
Annually, the company's net profit for FY 2024-25 hit Rs 56.22 crore, a dramatic growth from the Rs 22.07 crore recorded previously. The revenue for the year was Rs 311.03 crore, showing a 56.8% increase from FY24's Rs 198.24 crore. The launch of their India Map Stack underlines a crucial growth phase, said Chairman and Managing Director Sajid Malik.
(With inputs from agencies.)
Google News