VinsysIT Services India recorded a growth of nearly 250 per cent to reach Rs 3.94 crore for the half-year ending on September 30. This marks a rise from the Rs 1.12 crore reported during the corresponding period last year.
The standalone operating income also demonstrated growth, increasing by around 12 per cent to Rs 20.75 crore in the April-September period, up from Rs 18.58 crore in the previous year.
Additionally, the EBITDA exhibited strong performance, showing an almost 100 per cent increase to Rs 5.39 crore, compared to Rs 2.69 crore in the same period last year.
On a consolidated basis, VinsysIT Services India reported a notable uptick in total revenue, surging by 131 per cent to Rs 79.41 crore during the reviewed period. This growth is attributed to increased demand for training and software development services.
Vikrant Patil, Chairperson and Managing Director of Vinsys, mentioned that the company’s wholly owned subsidiary, Vinsys Information Technology Services LLC in the United Arab Emirates, has established a new company named Vinsys IT Services LLC in Qatar, with the issuance of a trade licence.
Breaking down the revenue streams, the company witnessed a nearly 20 per cent rise in revenue from training and software development services, reaching Rs 41.29 crore during the period, compared to Rs 34.35 crore in the previous year.
Vinsys, with operations in India, the Gulf, and the US, offers a range of services including technical and business training, IT development and software solutions, as well as foreign language services. The company emphasises its role in supporting Fortune 500 companies in achieving their objectives and improving performance.
