State-level infrastructure mandates from Maharashtra are now driving revenue and delivery momentum.
BSE-listed digital engineering company Ceinsys Tech Ltd. delivered a strong performance for Q1 of FY2026, driven by the execution of major infrastructure and platform-led projects awarded in the previous fiscal. Revenue rose 112 per cent YoY and 10 per cent QoQ, with EBITDA up 110 per cent YoY and 15 per cent QoQ.
Net profit (PAT) stood at ₹316 million, reflecting a 166 per cent increase over Q1 of FY2025.
Growth was anchored by the ramp-up of strategic projects such as the Wainganga-Nalganga River Linking initiative and the IoT-driven water and sanitation programme under the Jal Jeevan Mission, both mandated by the Maharashtra government in FY2025. These long-term initiatives have begun to materially impact revenue and operations.
“Our platform strategy and systems approach are delivering meaningful outcomes. The strong Q1 numbers reflect not just performance, but the quality of mandates we secured last year and are now executing. With continued traction in core sectors, our pipeline has deepened, further setting us up for sustained growth,” said Prashant Kamat, CEO, Ceinsys Tech.
As of June 30, Ceinsys’ confirmed order book stood at ₹11.97 billion, alongside continued expansion in its qualified pipeline. During Q1, the company secured fresh mandates, including a ₹55 million contract for the supply and commissioning of Autodesk AEC software for the Mumbai Metropolitan Region Development Authority (MMRDA), and a ₹113.9 million project management consultancy (PMC) contract for an underground drainage project with the Vasai Virar Municipal Corporation. These wins reinforce the company’s positioning in urban infrastructure and digital engineering delivery.
Ceinsys is also investing in strengthening capabilities both domestically and internationally across AI-led digital initiatives, such as remote utility monitoring technologies and integrated infrastructure management systems aligned with national priorities in equitable water distribution, infrastructure optimisation, and citizen-centric public services.