Ceinsys Tech (538734) Q2 2026 earnings summary

Executive summary

• Achieved record operational revenue, EBITDA, and PAT for Q2 and H1 FY26, with strong year-on-year growth driven by technology and geospatial segments.

• Strategic acquisitions in the US, mobility, and geospatial telecom sectors expanded capabilities and global reach.

• Board approved unaudited financial results for Q2 and H1 FY26 and in-principle approval for a new Saudi Arabia subsidiary.

• Order book stands at INR 10,920 Mn as of September 30, 2025, with robust pipeline and major contract wins.

• Leadership transition underway with CEO and Whole Time Director resignations effective by end of 2025.

Financial highlights

• Q2 FY26 revenue rose 82% YoY to INR 1,635 Mn; H1 FY26 revenue up 95% YoY to INR 3,201 Mn.

• Q2 EBITDA up 112% YoY to INR 356 Mn (margin 21.77%); H1 EBITDA up 119% YoY to INR 658 Mn (margin 20.56%).

• Q2 net profit at INR 257 Mn (+120% YoY, PAT margin 15.72%); H1 net profit at INR 574 Mn (+143% YoY, PAT margin 17.93%).

• Basic EPS (consolidated) for H1 FY26 was INR 32.58, up from INR 14.36 in H1 FY25.

• Operational cash surplus of INR 472 Mn as of September 2025.

Outlook and guidance

• Management expects continued margin improvement as higher-margin technology projects replace older contracts.

• Working capital cycle targeted to improve to 120-130 days by end of December 2025 quarter.

• Major order closures expected in Q3 and Q4, with a pipeline of INR 700-800 crore in bids.

• Board approved global expansion with a new subsidiary in Saudi Arabia to enhance IT services presence.