Digital maps and geospatial technology provider Genesys International Corporation posted a significant financial turnaround in the September quarter of 2024. The company reported a consolidated profit of ₹11.23 crore for Q2 FY24, marking a substantial improvement from a loss of ₹3.3 crore in the same period last year.
Key Financial Highlights
- Net Profit: ₹11.23 crore in Q2 FY24, compared to a loss of ₹3.3 crore in Q2 FY23.
- Revenue: More than doubled to ₹73.02 crore from ₹34.29 crore in the year-ago quarter, driven by increasing demand for digital mapping and geospatial services.
The strong results have boosted investor sentiment, with shares of Genesys International trading 4% higher at ₹748.05 on NSE as of 10:19 am. The impressive growth in both revenue and profit underscores the company’s expanding role in the digital mapping sector.
