Q3 Results

Genesys profit up 30% to Rs 21 cr

New Delhi: Geospatial solutions provider Genesys International has reported 30 per cent increase in consolidated net profit at Rs20.66 crore for December quarter FY25. It had logged a profit of Rs15.85 crore in the year-ago period, according to a regulatory filing. Revenue from operations surged 50 per cent to Rs89.08 crore from Rs59.33 crore a year ago. Sequentially, profit and revenue rose 84 per cent and 24 per cent, respectively. “The results of this quarter reflect the ongoing execution of and increasing acceptance of our map stack...

The company has developed a wide array of capabilities in many critical applications and the results of that will also continue in the coming future. “Notably, our performance reflects the successful delivery of key geospatial projects in the 3D digital twin space, paving the way for increased traction going forward,” Chairman and MD Sajid Malik said. Shares of Genesys International were trading 11.85 per cent lower at Rs683.45 apiece on the BSE.

Ayurveda Co’s losses surge over 3-fold

New Delhi: Direct-to-consumer (D2C) brand The Ayurveda Co suffered a sharp rise in losses in FY24, as its net loss surged over three-fold to Rs68 crore, up from Rs21 crore in FY23. According to the company’s financials, the widened loss is primarily due to material costs, which more than doubled to Rs28.6 crore compared to Rs12 crore in FY23. Advertising expenses soared by 73 per cent to Rs26 crore, while employee benefits increased by 80 per cent to Rs15.5 crore.

Manpower and recruitment costs also surged, adding Rs11.3 crore to the company’s total expenses. With overall expenditure rising 97 per cent to Rs109.5 crore in FY24, The Ayurveda Co reported a negative EBITDA margin of (-) 100.65 per cent and a return on capital employed (ROCE) of (-) 700 per cent. On a unit level, the company spent Rs1.84 to earn a single rupee, which underscores its financial struggles. Despite securing Rs100 crore in a Series A round led by Sixth Sense Ventures in 2023, the company’s financial health appears weak.

NSDL profit jumps 30% to Rs 86 cr

New Delhi: NSDL on Monday reported a 30 per cent rise in its consolidated net profit to Rs85.8 crore for three months ended December 2024. The depository registered a Rs66.09 crore profit in the year-ago period. The total income rose 16.2 per cent to Rs391.21 crore in the October-December quarter of the current financial year (FY25) against Rs336.67 crore in the same quarter preceding fiscal, NSDL said in a statement.

For the nine months ended December 2024, National Securities Depository Ltd (NSDL) posted a 32.6 per cent year-on-year growth in net profit to Rs259.82 crore and a 13.3 per cent year-on-year increase in total income to Rs1,141.4 crore. NSDL is India’s first securities depository to reach Rs500 lakh crore ($6 trillion) in value of assets held in custody in September 2024. In October, NSDL received markets regulator Sebi’s go-ahead to launch an initial public offering (IPO).