This mutibagger geographical service provider bagged an order worth Rs 35 crore; 100 per cent profit growth in recent quarter!
Over the past three years, the investment has achieved multibagger returns of 516.83 per cent
Genesys International Ltd, a prominent domestic player in mapping technology, has announced that Pune City will now use Genesys' Digital twin map stack. The order is for Rs 35 crore is unusual in that, for the first time in India, a 3D Digital Twin will be seamlessly connected with a Command-and-Control Centre that includes numerous IoT sensors.
This integration will provide authorities with real-time data insights and actionable intelligence, allowing them to make timely and successful decisions. This order represents a substantial shift toward the use of the Genesys New India Map stack in India's command and control centers. It is also important in the integration of IoT and analytics.
Management Commentary
Speaking about the project, Mr. Sajid Malik, CMD of Genesys International Corporation Limited, stated “Smart digitalization in a city can range from the adoption of tech solutions addressing specific needs to advanced analytics that anticipate challenges. Service optimization, responsive delivery, and end-to-end citizen-customer strategies must become the new norm for municipal services. IoT enables cities to equip their infrastructure with sensors and devices that collect data on the condition of roads, bridges, buildings, and other assets. This data is used for monitoring and preventing accidents, optimizing maintenance, and enhancing the safety of city dwellers. Energy consumption, waste management, security monitoring, mobility improvements, and infrastructure management are all areas that can be improved through the execution of digital twins. Pune Municipal Corporation will thus become the first city to adopt real-time data visualization on the ICCC platform, which includes Digital Twin, IOT, Disaster Management and Traffic Management.”
In the 3rd Quarterly Results ended in December 2023, the company has generated revenue of Rs 59 crore soaring 9.25 per cent on a YoY basis where the net profit rose to Rs 16 crore jumped by a massive 100 per cent YoY basis.
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Over the year-to-date, the stock price has grown by 48.87 per cent. Looking back over the past year, it has soared by an impressive 85.60 per cent. Furthermore, over the past three years, the investment has achieved multibagger returns of 516.83 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.