Hot Pursuit     18-Dec-23
Genesys Intl jumps on bagging order from Porter House
Genesys International Corporation rallied 5.17% to Rs 442.05 after the company secured an order from Porter House to deploy digital twin mapping technology for the redevelopment of Dharavi.
The company said that the Oyster 3D Maps platform, renowned for its precision and innovation, will play a pivotal role in this ambitious project.

The order is valued at Rs 22 crore and the project is anticipated to be completed within a timeframe of 9 months.

The company has also launched the new India Map stack, targeting advanced platforms in consumer, logistics, automotive, and infrastructure areas. The company's continued expansion and involvement in transformative projects solidify its position as a global leader in cutting-edge geospatial solutions.

In addition to this, the company recently bagged the digital twin mandate for the holy shrine of Mecca by the Saudi government.

Sajid Malik, chairman and managing director of Genesys International said, "This project exemplifies Genesys' unwavering commitment to pushing the boundaries in the mapping space. Our dedicated team has been instrumental in this marquee mapping project, capturing the attention of the entire geospatial community for its unparalleled complexity.”

Genesys International Corporation is a premier advanced mapping company. With a team of over 2,000 professionals along with the nationwide Genesys constellation of sensors, the company is building the new India map stack. Genesys International has unique expertise, encompassing an understanding of emerging consumer applications related to mapping technology and the capability to provide cutting-edge solutions on the enterprise and government markets.

The company reported consolidated net loss of Rs 3.30 crore in Q2 FY24 as against net profit of Rs 4.78 crore recorded in Q2 FY23. Net sales declined 11.2% YoY to Rs 33.19 crore in Q2 FY24.

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