Ceinsys Tech (538734) Q4 15/16 earnings summary

Executive summary

• FY16 standalone total income rose 28% to ₹125.86 Cr; EBITD increased 34% to ₹26.15 Cr and PAT rose 13% to ₹7.42 Cr.

• Consolidated total income increased 23.36% to ₹134.07 Cr and EBITD rose 18.85% to ₹23.88 Cr, while PBT and PAT declined amid expansion and investment in overseas subsidiaries.

• Product sales grew 21.05% to ₹31.10 Cr and services revenue grew 30.33% to ₹91.27 Cr; the board proposed a ₹1/share dividend.

Financial highlights

• Standalone revenue from operations reached ₹125.05 Cr versus ₹97.68 Cr; product sales were ₹31.10 Cr, services ₹91.27 Cr and electricity sales ₹2.68 Cr.

• Consolidated total income was ₹134.07 Cr versus ₹108.67 Cr; consolidated PBT was ₹9.31 Cr versus ₹10.13 Cr and PAT ₹4.52 Cr versus ₹6.93 Cr.

• Standalone trade receivables increased to ₹58.11 Cr from ₹33.93 Cr, while inventories rose to ₹58.47 Cr from ₹28.15 Cr.

• Standalone operating cash flow was negative ₹28.32 Cr; cash and bank balances ended at ₹9.73 Cr versus ₹10.27 Cr.

Outlook and guidance

• A 3–5x growth ambition was set for the next 5–7 years, supported by business consolidation, wider global reach, domain diversification and new solutions.

• PwC was engaged to shape the 5–7-year growth strategy; investment priorities include BIM, LiDAR, data analytics and Smart City solutions.

• Expansion into agriculture, mining and heritage mapping was planned, alongside assessment of new locations in India and overseas.