Q2 2026 Ceinsys Tech Ltd Earnings Call Transcript
Key Points
- Ceinsys Tech Ltd (BOM:538734) reported a record revenue growth of 82% year-on-year for Q2 FY26, reaching INR164 crores.
- EBITDA increased by 112% year-on-year to INR36 crores, with an improved EBITDA margin of 21.77%, up by 310 basis points.
- Net profit surged by 120% year-on-year to INR26 crores, with PAT margins at 15.72%.
- The company has a strong order book of INR1,092 crores, indicating healthy demand and customer confidence.
- Ceinsys Tech Ltd is expanding into high-value digital initiatives, with the Technology Solutions segment contributing 54% of the total turnover this quarter.
- The company's net working capital cycle is currently at 160 days, with expectations to reduce it to 120-130 days in the coming quarters.
- There are concerns about the high level of trade receivables, which stood at INR131 crores, primarily due to delayed payments from government projects.
- The company has been experiencing delays in securing new orders, with significant orders expected in Q3 and Q4.
- The subsidiary in the US has been incurring losses due to heavy investments in business development, impacting consolidated EBITDA.
- Execution of the river linking project has been slower than anticipated due to changes in government approach, potentially delaying full project completion.
Ladies and gentlemen, good day, and welcome to Ceinsys Tech Limited Q2/H1 FY26 Conference Call, hosted by Arihant Capital Markets Limited. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Jyoti Singh. Thank you, and over to you, ma'am.
Thank you, Saksha. Hello, and good morning, everyone. On behalf of Arihant Capital Markets, I thank you all for joining into the Ceinsys Tech Limited Q2/H1 FY26 earnings. Today, from the management, we have Mr. Prashant Kamat, he is the Whole-Time Director, Vice Chairman and Chief Executive Officer; Mr. Surej K.P., he is Whole-Time Director and CEO; and Mr. Kaushik Khona, he is the Managing Director in the Operation; and Dr. Abhay Kimmatkar, he is the Managing Director; and Ms. Amita Saxena, she is the Chief Financial Officer.
So without any further delay, I will hand over the call to Mr. Kaushik Khona, Managing Director, India Operations, for his opening remarks. Over to you, sir.
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