Ceinsys Tech secured a ₹114.98 crore order from MMRDA to implement and manage an integrated monitoring platform over four years. The company’s order book stands at ₹1,197 crore as of March 2025.
In midday trade, the benchmark BSE Sensex remained flat at 83,509, while the NSE Nifty 50 was largely unchanged at 25,473, as markets reacted to U.S. President Donald Trump's decision to delay the implementation of tariffs until August 1.
On July 8, Ceinsys Tech rose by 8% to an intraday high of ₹1,560.90, marking its third consecutive session of gains as the company received a Letter of Award (LOA).
Ceinsys Tech Limited announced today, July 8, 2025, that it has received a Letter of Award (LoA) from the Mumbai Metropolitan Region Development Authority (MMRDA). The LoA is for the selection of a System Integrator (SI) for monitoring infrastructure projects using the Integrated Data Driven Platform (IDDP) for MMRDA. The total value of the award is ₹114.98 crore, excluding GST.
The contract is with a domestic entity, MMRDA, and involves the implementation and subsequent operation and maintenance of the system. The time period associated with this order is four years, comprising one year for implementation and three years for operations and maintenance.
As of March 31, 2025, the company’s order book stood at ₹1,197 crore, pending execution.
For the quarter ended March 2025, the company reported a significant year-on-year growth in its financial performance. Revenue from operations rose to ₹142.39 crore, up from ₹78.27 crore in the same quarter last year, marking a growth of 81.92%. Profit after tax also saw a strong increase, reaching ₹21.87 crore compared to ₹11.61 crore in March 2024, reflecting a growth of 88.37%.
On an annual basis, the company’s performance remained strong. For the financial year ended March 2025, revenue from operations stood at ₹418.10 crore, up from ₹252.90 crore in the previous year, registering a growth of 65.32%. Profit after tax rose to ₹63.20 crore, an increase of 80.57% over ₹35 crore recorded in FY24.
On Tuesday, the share price of Ceinsys Tech was trading in the positive territory. As of 02:31 pm IST, the stock price was trading at ₹1,499.60 per share, up by 0.82% from the previous close.
Looking at the stock performance, the stock has given a multibagger return of 184.07% in the last 12 months. On a year-to-date basis, the stock has declined by 18.98% and in a week, it is up by 15.80%.
Ceinsys Tech Limited is primarily involved in providing comprehensive solutions as a System Integrator, focusing on monitoring infrastructure projects. Their work, as exemplified by the MMRDA contract, includes the implementation, operation, and maintenance of integrated data-driven platforms to manage and oversee large-scale infrastructure developments.
Disclaimer: The article is for informational purposes only and not investment advice.
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