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IT Consulting & Software company Genesys International Corporation announced Q3FY24 results:
Consolidated Q3FY24
- Revenue for Q3FY24 stood at Rs 61.87 crore
- EBITDA increased by Rs 12.16 crore constituting 57.49% growth on a YoY basis. EBITDA Margin stood at 53.83% compared to 37.61% on a YoY basis
- EBITDA increased by Rs 24.49 crore constituting 277.80% growth on a QoQ basis. EBITDA Margin stood at 53.83% compared to 25.70% on QoQ basis
- PAT increased by 101% on a YoY basis and 580% on a QoQ basis
Standalone Q3FY24
- Revenue for Q3FY24 stood at Rs 60.25 crore
- EBITDA increased by Rs 11 crore constituting 52.44% growth on a YoY basis. EBITDA Margin stood at 53.05% compared to 37.52% on a YoY basis
- EBITDA increased by Rs 23.33 crore constituting 277.80% growth on a QoQ basis. EBITDA Margin stood at 53.05% compared to 25.43% on QoQ basis
- PAT in Q3FY24 stood at Rs 20.55 crore
Commenting on the Results, Sajid Malik – Chairman & Managing Director said, “This quarter has been highly successful for us as our 3D mapping and digital twin content platform are rapidly gaining traction, evident from our current business performance. We've achieved significant milestones recently, including our partnership with Survey of India to revolutionise Indian mapping by creating digital twins of Indian cities, the launch of automotive ADAS-related maps, completion of street imaging content for over a thousand towns and cities being utilized by major tech companies, to becoming the official digital twin map platform for Ayodhya and being tasked with creating the digital twin of Mecca. Noteworthy applications in densely populated urban areas like Dharavi underscore the robustness of our mapping capabilities. We've now begun the process of creating digital twins for numerous cities in India. Leveraging our extensive Genesys constellation, we're developing the most advanced mapping platform for India, with plans for significant scaling in the upcoming quarters. We believe we're establishing a critical digital infrastructure layer for the country, catering to a diverse range of industries
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