Vinsys IT Services Reports Strong Growth Despite Challenges

Vinsys IT Services India reports a PAT of Rs 10.95 crore for the first half of the fiscal year, up from Rs 8 crore last year. Despite challenges, the company's revenue surged 16.3% to Rs 92.11 crore. Vinsys plans a dedicated dividend payout policy, backed by a stable business pipeline.

Vinsys IT Services India has announced significant financial progress for the first half of the current fiscal year, recording a profit after tax (PAT) of Rs 10.95 crore, an increase from Rs 8 crore during the same period last year.

The company experienced a 16.3% rise in its consolidated revenue, reaching Rs 92.11 crore in the April to September 2024-25 period, compared to Rs 79.23 crore the previous year. Overseas operations contributed 38% to the overall turnover in this period, as per the firm's filing with the stock exchange.

The EBITDA of Vinsys soared by 53.04% to Rs 15.35 crore, up from Rs 10.03 crore a year earlier. Despite facing muted local demand and rising costs, Vinsys is firmly committed to investing in growth, which includes the introduction of a new policy allowing up to 15% provision towards dividends for shareholders, leveraging on steady cash flows and an optimistic business outlook.

(With inputs from agencies.)