Matrix Geo Solutions Limited announced its unaudited financial results for the half year ended 30th September 2026. The results were reviewed by the Audit Committee and then approved by the Board of Directors in their meeting held on November 12, 2026. The Board meeting started at 03:30 PM and ended at 04:35 PM. The company works in aerial survey, drone survey, digital mapping, photogrammetry, LiDAR, survey, GIS, remote sensing and engineering consultancy.
Profit And Loss For Half Year
For the half year ended 30-09-2026, the company earned revenue from operations of Rs 1,509.54 lakh which was Rs 1,406.33 lakh in same period last year. Other income was Rs 38.70 lakh. Total income was Rs 1,548.24 lakh. Total expenses were Rs 1,213.48 lakh. Profit before tax was Rs 334.76 lakh. After tax expense, profit from continuing operation was Rs 227.69 lakh. Last year same period profit was Rs 400.64 lakh. For full year ended 31-03-2026 profit was Rs 1,005.92 lakh. Earning per share basic and diluted is Rs 1.56 for this half year.
| Particulars Rs in Lakhs | Amount as on 30-09-2026 | Amount as on 30-09-2025 | Amount on 31-03-2026 | Amount on 31-03-2025 |
|---|---|---|---|---|
| Revenue From Operations | 1,509.54 | 1,406.33 | 4,010.08 | 2,209.42 |
| Other Income | 38.70 | 8.21 | 137.45 | 9.83 |
| Total Income | 1,548.24 | 1,414.55 | 4,147.53 | 2,219.25 |
| Purchases | 436.27 | 448.19 | 1,539.40 | 726.45 |
| Change in Inventories | 0.00 | 0.00 | 0.00 | 3.22 |
| Employee Benefits Expenses | 323.33 | 228.58 | 489.33 | 448.76 |
| Finance Costs | 7.81 | 8.21 | 16.24 | 17.51 |
| Depreciation and Amortization Expense | 126.31 | 42.67 | 98.84 | 34.36 |
| Other Expenses | 315.77 | 142.57 | 641.31 | 209.01 |
| Selling and Distribution Expense | 3.99 | 8.92 | 15.04 | 3.87 |
| Total Expenses | 1,213.48 | 879.14 | 2,800.15 | 1,443.18 |
| Profit Before Exceptional and Extraordinary Item and Tax | 334.76 | 535.40 | 1,347.38 | 776.07 |
| Exceptional Item | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Extraordinary Item and Tax | 334.76 | 535.40 | 1,347.38 | 776.07 |
| Extraordinary Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax | 334.76 | 535.40 | 1,347.38 | 776.07 |
| Current Tax | 76.58 | 134.76 | 349.71 | 189.97 |
| Deferred Tax | 30.50 | 0.00 | 8.25 | 5.35 |
| Profit From Continuing Operation | 227.69 | 400.64 | 1,005.92 | 580.75 |
| Earning Per Share Basic | 1.56 | 2.74 | 7.95 | 5.42 |
| Earning Per Share Diluted | 1.56 | 2.74 | 7.95 | 5.42 |
Assets And Liabilities As On 30 September 2026
Total assets and total liabilities both are Rs 7,581.42 lakh as on 30-09-2026. Last year same date it was Rs 7,682.25 lakh and as on 31-03-2026 it was Rs 7,722.37 lakh. Share capital is Rs 1,458.18 lakh. Reserve and surplus is Rs 5,319.10 lakh. Long term borrowing is Rs 160.64 lakh. Trade payables are Rs 344.95 lakh. Short term provisions are Rs 219.22 lakh.
In assets, property plant and equipment is Rs 520.43 lakh. Intangible assets Rs 6.36 lakh. Intangible assets under development Rs 2.10 lakh. Other non current assets Rs 318.68 lakh. Current investments Rs 1,905.00 lakh. Trade receivables Rs 3,940.76 lakh. Cash and cash equivalents Rs 461.13 lakh. Short term loans and advances Rs 93.74 lakh. Other current assets Rs 333.22 lakh.
| Particulars Rs in Lakhs | Amount as on 30-09-2026 | Amount as on 30-09-2025 | Amount on 31-03-2026 | Amount on 31-03-2025 |
|---|---|---|---|---|
| EQUITY AND LIABILITIES - Share Capital | 1,458.18 | 1,458.18 | 1,458.18 | 1,071.66 |
| Reserve and Surplus | 5,319.10 | 5,078.02 | 5,091.41 | 1,103.72 |
| Share Application Money Pending Allotment | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Borrowing | 160.64 | 171.36 | 155.69 | 160.60 |
| Deferred tax liabilities Net | 26.31 | 0.00 | 0.00 | 4.06 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provision | 53.02 | 42.98 | 47.59 | 39.03 |
| Short Term Borrowings | 0.00 | 0.00 | 10.18 | 7.51 |
| Trade Payables | 344.95 | 552.73 | 775.58 | 402.76 |
| Other Current Liabilities | 0.00 | 11.77 | 0.00 | 0.00 |
| Short Term Provisions | 219.22 | 367.22 | 183.73 | 190.74 |
| Total Equity and Liabilities | 7,581.42 | 7,682.25 | 7,722.37 | 2,980.09 |
| ASSETS - Property Plant and Equipment | 520.43 | 350.72 | 488.96 | 319.45 |
| Intangible assets | 6.36 | 66.33 | 30.10 | 81.59 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets Under Developments | 2.10 | 0.00 | 0.50 | 0.00 |
| Non Current Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets Net | 0.00 | -4.06 | 4.19 | 0.00 |
| Long Term Loans and Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 318.68 | 272.80 | 288.81 | 258.58 |
| Current Investments | 1,905.00 | 0.00 | 2,000.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 3,940.76 | 2,333.77 | 3,764.90 | 1,196.83 |
| Cash and Cash Equivalents | 461.13 | 4,087.76 | 666.54 | 608.38 |
| Short Term Loans and Advances | 93.74 | 35.99 | 25.36 | 25.36 |
| Other Current Assets | 333.22 | 538.95 | 453.02 | 489.90 |
| Total Assets | 7,581.42 | 7,682.25 | 7,722.37 | 2,980.09 |
Cash Flow For Half Year
Cash flow statement is prepared using indirect method. Operating profit before working capital changes is Rs 468.88 lakh. After working capital changes, total cash used in operating activities is Rs 55.94 lakh negative. After tax expense of Rs 76.58 lakh, net cash used in operating activities is Rs 132.52 lakh negative. This was Rs 403.64 lakh negative last year same period.
Net cash used in investing activities is Rs 70.52 lakh negative. This includes current investment Rs 95.00 lakh inflow, EMD and security deposit Rs 29.87 lakh outflow, purchase of fixed assets Rs 134.05 lakh outflow and intangible assets under development Rs 1.60 lakh outflow.
Net cash flow from financing activities is Rs 2.38 lakh negative. This includes interest on loan Rs 7.81 lakh outflow, increase in long term provision Rs 5.43 lakh inflow. Net decrease in cash is Rs 205.42 lakh. Opening cash was Rs 666.54 lakh and closing cash at end of period is Rs 461.13 lakh.
| Particulars Rs in Lakhs | Amount as on 30-09-2026 | Amount as on 30-09-2025 | Amount on 31-03-2026 | Amount on 31-03-2025 |
|---|---|---|---|---|
| Profit Before Exceptional and Extraordinary Item and Tax | 334.76 | 535.40 | 1,347.38 | 776.07 |
| Operating Profit Before Working Capital Changes | 468.88 | 586.28 | 1,460.84 | 827.94 |
| Add Depreciation | 126.31 | 42.67 | 98.84 | 34.36 |
| Add Interest on Loan | 7.81 | 8.21 | 16.24 | 17.51 |
| Working Capital Changes - Decrease in Other Current Assets | 119.80 | 0.00 | 36.88 | 0.00 |
| Increase in Long Borrowings | 4.94 | 10.75 | 0.00 | 0.00 |
| Increase in Short term provision | 35.49 | 176.48 | 0.00 | 0.00 |
| Increase in Trade Payable | 0.00 | 149.97 | 372.82 | 259.33 |
| Increase in other current liabilities | 0.00 | 11.77 | 0.00 | 0.00 |
| Decrease in Short Borrowings | -10.18 | -7.51 | 2.67 | -0.30 |
| Increase in Short Term loan and advances | -68.38 | -10.63 | 0.00 | 0.00 |
| Decrease in Trade Payable | -430.64 | 0.00 | 0.00 | 0.00 |
| Increase in Debtors | -175.86 | -1,136.94 | -2,568.07 | -387.40 |
| Increase in Other Current Assets | 0.00 | -49.05 | 0.00 | -374.98 |
| Total Cash Used from Operating activities | -55.94 | -268.88 | -701.87 | 317.25 |
| Tax Expense | -76.58 | -134.76 | -349.71 | -118.03 |
| Net Cash Used from Operating Activities | -132.52 | -403.64 | -1,051.58 | 199.21 |
| Current Investment | 95.00 | 0.00 | -2,000.00 | 0.00 |
| EMD FDs and Security Deposit made | -29.87 | -14.22 | -30.22 | 16.05 |
| Purchase of Fixed Assets | -134.05 | -58.69 | -219.22 | -186.65 |
| Sales of Investment | 0.00 | 0.00 | 0.00 | 0.50 |
| Proceeds from Sale of Fixed Assets | 0.00 | 0.00 | 3.98 | 18.00 |
| Intangible Assets Under Development | -1.60 | 0.00 | -0.50 | 0.00 |
| Net Cash Used in Investing Activities | -70.52 | -72.90 | -2,245.96 | -152.10 |
| Payment of Interest on Loan | -7.81 | -8.21 | -16.24 | -17.51 |
| Issue of Share Capital including share premium | 0.00 | 4,019.81 | 4,019.81 | 564.74 |
| Payment for IPO Issue Expense | 0.00 | -59.64 | -651.51 | -97.42 |
| Increase in Long Term Provision | 5.43 | 3.95 | 8.56 | 17.13 |
| Proceeds from Secured Loan | 0.00 | 0.00 | -4.91 | 6.00 |
| Net cash Flow from Financing Activities | -2.38 | 3,955.92 | 3,355.71 | 472.94 |
| Net increase in cash and cash equivalents | -205.42 | 3,479.38 | 58.16 | 520.05 |
| Cash at beginning of period | 666.54 | 608.38 | 608.38 | 88.33 |
| Cash at end of period | 461.13 | 4,087.76 | 666.54 | 608.38 |
Auditor Review And Other Declarations
The company submitted two declarations on November 12, 2026. One declaration says statutory auditors M/s Sudesh D Kumar and Company have given unmodified opinion for unaudited financial results for half year ended September 30, 2026. Unmodified opinion means the auditor found no major problem and accounts are clean.
Second declaration is from Chief Financial Officer Neeraj Kiraula. He confirmed that financial results for half year ended 30th September 2026 do not contain any false or misleading statement and do not omit any material fact.
Limited review report is given by Sudesh D Kumar and Company, Chartered Accountants. The auditor says they reviewed the statement as per Standard on Review Engagements SRE 2410 issued by Institute of Chartered Accountants of India. This standard gives moderate assurance. Review is done by analytical procedures and inquiries, not full audit. Scope is less than audit under Section 143(10) of Companies Act 2013, so they do not give audit opinion. Based on review, nothing has come to attention that the statement has not disclosed required information or contains material misstatement.
Notes to financial results say results for half year ended 30th September 2026 were prepared as per Accounting Standards prescribed under section 133 of Companies Act 2013 and other accounting principles generally accepted in India. Previous period figures have been regrouped or reclassified where necessary to match current period classification. Cash and cash equivalent at end of period represents cash in hand and bank balance available for use in ordinary course of business. Cash flow statement is prepared using indirect method as per Accounting Standard on Cash Flow Statement AS-3. The reports were signed by Rahul Jain Managing Director and by Sudesh Kumar Prop. Membership No 098291.