Ceinsys Tech shares hit the 5% upper circuit at ₹1,566.45 after the company won a new contract from the Mumbai Metropolitan Region Development Authority (MMRDA).
The 3-year contract, worth ₹5.5 crore, is for the supply, installation, and setup of Autodesk’s Architecture, Engineering, and Construction (AEC) software. This software helps in designing and managing construction projects more efficiently.
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Ceinsys Tech, which is part of the Nagpur-based Meghe Group, offers technology solutions in geospatial engineering, mobility services, and enterprise software. Its business is divided into three main areas:
- Enterprise Geospatial & Engineering Services (EGES)
- Software Products
- Power Generation
The company recently reported strong financial results. Its net profit rose by 88.37% to ₹21.87 crore in the March 2025 quarter, compared to ₹11.61 crore in the March 2024 quarter. Revenue also increased by 81.92% year-on-year to ₹142.39 crore.
Also See: Biocon’s Q4 Results: Profit Jumps 154% YoY to ₹344 Crore on Strong Performance
Over the past year, Ceinsys Tech’s stock has surged by 194.15%, far outperforming the S&P BSE Sensex and the S&P BSE SmallCap index, which gained 11.87% and 6.59%, respectively.
