Genesys International Corporation (506109) Q1 24/25 earnings summary

Executive summary

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, with limited review by statutory auditors and unmodified opinions issued.

• Amalgamation of Virtual World Spatial Technologies Private Limited with Genesys International effective April 1, 2023, restating prior period results.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹5,525.85 lakhs, up from ₹3,417.30 lakhs in Q1 FY24.

• Standalone net profit after tax for Q1 FY25 was ₹1,161.11 lakhs, compared to ₹23.49 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹5,575.72 lakhs, up from ₹3,454.77 lakhs in Q1 FY24.

• Consolidated net profit after tax for Q1 FY25 was ₹529.70 lakhs, compared to a net loss of ₹546.40 lakhs in Q1 FY24.

Outlook and guidance

• Financial statements prepared in accordance with Ind AS 34 and SEBI regulations, with no material misstatements identified by auditors.