Very good result .
Very good growth on Cash flow 
Consolidated numbers looks a bit lower growth % than standalone bcos of employee cost at corporate level absorbed in consolidated.This should be taken as positive bcos they have order which is 7X of revenue hence employee cost to be front loaded as revenue will accrue over 2-3 years
I like their strategic approach to business .Their core is “Geo spatial “ that also India and public sector but they are extending the core to private sector and more important to ER&D and overseas. Hence if one analysis the revenue that way one would see a big derisking of business happening (which is reflected and will get reflected in segmental revenue )
Ceinsys qtr 3 results 121124.pdf (4.5 MB)
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