Vinsys IT Services India Limited — Updates, 14-11-2024: Press Release

Vinsys IT Services India Limited reported a strong financial performance for the half-year period ended September 30, 2024. Total revenues increased by 16.3% year-on-year to ₹92.11 crore, with a notable contribution from overseas operations, accounting for approximately 38% of total turnover. The company demonstrated remarkable efficiency, achieving a 53.04% jump in EBITDA to ₹15.35 crore, resulting in an EBITDA margin enhancement of 420 basis points to 16.66%. Profit After Tax (PAT) surged by 36.4% to ₹10.95 crore, translating to a PAT margin of 11.9%, demonstrating overall profitability improvement.

In line with its robust performance, Vinsys has introduced a Dividend Payout Policy of up to 15%, reflecting confidence in stable cash flows and future business prospects. The management emphasized ongoing investments in capabilities and geographic expansions, specifically noting new offices in Dammam, Saudi Arabia, and an expanded location in Qatar. Given the strong start to H1FY25 and anticipated demand growth, particularly for training services, the outlook remains positive for the company as it gears up for a strong second half of the fiscal year.