🟢 At a Glance:
Cadsys India Ltd reported a consolidated loss of ₹37.05 Cr in FY25, down from a not-so-glorious FY24. After a hurricane-hit execution year in the US, a ₹20.4 Cr write-off, and lower infra spends, things were rough. But the company isn’t folding — they’re hiring 300+ people, expanding offices, and betting big on AI-powered telecom infra tech.
🌪️ What Went Wrong
| Factor | Impact |
|---|---|
| Hurricane Milton (Oct ’24) | Project delays across Southeastern US |
| ₹20.4 Cr unbilled receivable write-off | Major revenue hit |
| US Infra Capex slowdown | Less work in Q3–Q4 FY25 |
| High inflation, BEAD funding lag | Industry-wide slump in 2024 |
That’s like trying to build Jio Fiber during cyclone season — and getting ghosted on payments.
📊 FY25 Financial Snapshot (Consolidated)
- EBITDA: ₹(28.76) Cr
- PAT: ₹(37.05) Cr
- Write-offs: ₹20.4 Cr (unbilled receivables)
- Cash Recovery: ₹12 Cr from US court judgment
“Negative EBITDA but positive hiring?” — said every confused investor.
🏗️ But They’re Not Sitting Quiet
Despite red ink, Cadsys is:
- 🤝 Scaling operations via repeat orders from US telecom clients
- 🧠 Hiring 300+ engineers (March–April 2025)
- 🏢 Leasing new office in Hyderabad for growth
- 📈 Supporting construction ops with end-to-end project management tools
They’ve also integrated AI into their internal suite ProWorks™ to:
- Automate OSP design
- Generate permits & TCPs
- Predict cost estimates
- Build real-time dashboards
Basically, they want to become the Jira + AutoCAD + GPT for telecom infra.
🌍 Industry Headwinds vs Tailwinds
| Headwind | Tailwind |
| BEAD funding delays | ₹42.4B BEAD fund still active |
| 5% projected dip in 2024 US broadband spends | Expected rebound in 2025 |
| ACP uncertainty | $14.2B subsidies still in play |
📉 Short-term pain, 📈 long-term opportunity.
🧠 EduInvesting Take
- Cadsys may have face-planted this year, but it’s not dead
- AI product + human expansion = something is cooking
- Losses will spook investors short-term, but recovery hinges on execution and BEAD cycle revival
It’s either a comeback story or another microcap zombie. But they’re still fighting — and hiring.
Tags: Cadsys FY25 results, Cadsys losses, telecom infra India, BEAD program, US broadband slowdown, ProWorks AI, AI in telecom design
