Ceinsys Tech Ltd. share price target

Ceinsys Tech reported Q1FY27 revenue stood at Rs 1,578 Mn, up 0.76% YoY but down 7.57% QoQ, below our estimate of Rs 1,898 Mn. Gross profit increased 4.9% YoY to Rs 873 Mn, although it declined 8.65% QoQ; gross margin improved to 55.33%, expanding 218 bps YoY but contracting 66 bps QoQ. Despite the revenue miss, EBITDA grew 27.2% YoY to Rs 385 Mn, marginally ahead of our estimate of Rs 378 Mn, with EBITDA margin expanding sharply to 24.39% increased by 507bps YoY and 82 QoQ. Margin expansion is increasingly structural rather than...

Ceinsys Tech reported Q4FY26 revenue of INR 1,707 Mn, up 19.9% YoY and 0.5% QoQ, driven by a sharp recovery in the Technology Solutions segment that offset weaker execution in the Geospatial business; however, revenue came slightly below our estimate of INR 1,766 Mn. EBITDA stood at INR 402 Mn, up 50.3% YoY and 0.8% QoQ, below our estimate of INR 419 Mn, while EBITDA margin expanded significantly by 477 bps YoY to 23.57% from 18.80% in Q4FY25 and remained largely stable sequentially, improving by 9 bps QoQ, marginally below our...