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C.E. Info Systems Results: Latest Quarterly Results & Analysis

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C.E. Info Systems Ltd. 20 May 2026 12:08 PM
Result PDF

Q4FY26 & FY26 Result Announced for C.E. Info Systems Ltd.

Internet Software & Services company C.E. Info Systems announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Revenue from Operations: Consolidated revenue for Q4FY26 stood at Rs 14,504 lakh, showing a QoQ growth of 54.82% from Rs 9,368 lakh in Q3FY26 and a YoY growth of 1.04% from Rs 14,355 lakh in Q4FY25. Total revenue for FY26 reached Rs 47,410 lakh.
  • Total Income: Consolidated total income for Q4FY26 was Rs 16,279 lakh, up 56.21% QoQ from Rs 10,421 lakh in Q3FY26 but down 2.40% YoY from Rs 16,679 lakh in Q4FY25. For FY26, total income stood at Rs 52,650 lakh.
  • Net Profit After Tax: Consolidated net profit reached Rs 5,093 lakh in Q4FY26, growing 171.48% QoQ from Rs 1,876 lakh in Q3FY26 and 3.90% YoY from Rs 4,902 lakh in Q4FY25. For the full year FY26, net profit was Rs 13,402 lakh.

Standalone Financial Highlights:

  • Revenue from Operations: For Q4FY26, revenue was Rs 12,758 lakh, representing a QoQ increase of 50.06% from Rs 8,502 lakh in Q3FY26 and a YoY growth of 8.57% from Rs 11,751 lakh in Q4FY25. Standalone revenue for the full year FY26 stood at Rs 40,074 lakh.
  • Total Income: The standalone total income for Q4FY26 was Rs 14,634 lakh, up 50.39% QoQ from Rs 9,731 lakh in Q3FY26 and up 4.08% YoY from Rs 14,061 lakh in Q4FY25. Total income for FY26 was Rs 45,782 lakh.
  • Net Profit After Tax: The company reported a net profit of Rs 4,660 lakh in Q4FY26, a QoQ increase of 107.20% from Rs 2,249 lakh in Q3FY26, though it saw a YoY decrease of 4.64% from Rs 4,887 lakh in Q4FY25. For the full year FY26, net profit was Rs 13,793 lakh.

Business Highlights:

  • Dividend Declaration: The Board recommended a final dividend of Rs 3.50 per equity share (175%) of face value of Rs 2 each for the financial year 2025-26.
  • Investment in Associate: During the current quarter, the company invested Rs 200 lakh to acquire a 20% interest in Prashant Advanced Survey LLP, which became an associate of the company effective February 25, 2026.
  • Segment Performance (Consolidated FY26):
    • Sale of devices: Rs 5,468 lakh.
    • Sale of Map data and services (MAAS, PAAS, SAAS): Rs 41,942 lakh.
  • Segment Performance (Standalone FY26):
    • Sale of Devices: Rs 3,642 lakh.
    • Sale of Map data and services (MAAS, PAAS, SAAS): Rs 36,432 lakh.
  • Operating Segment: The Group’s business activities fall within a single primary business segment: "Map data and Map data-related services and devices (GPS navigation, location-based services and IoT)".
  • Committee Reconstitution: The Board approved the reconstitution of the Nomination & Remuneration Committee and the Risk Management Committee.

Rakesh Verma, Chairman & Managing Director, MapmyIndia, commenting on the Q4 and FY26 results, said, “Let me begin with our Q4 financial performance. Compared to Q3FY26, the fourth quarter delivered a strong sequential improvement, with revenue growing by 55%, EBITDA increasing by 141.9%, and PAT also growing by 171.3%. Q4FY26 EBITDA margin has expanded 460bps YoY to 44.6%, and PAT margin has expanded 230 bps YoY to 31.3%. The Board was pleased to express its gratitude to all its shareholders by declaring a final dividend for FY26 of Rs. 3.50/- per equity share of Rs. 2/- each at the rate of 175%. These results reflect improved business momentum, strong execution, and a meaningful recovery in operating performance during the quarter.

For the full year, revenue growth remained measured; however, our EBITDA margins remained healthy at 37% and broadly in line with the guidance that we had communicated at the beginning of the year. This reflects the strength of our business fundamentals, disciplined cost management, prudent capital allocation, and our continued focus on building a sustainable and scalable technology-led business.

In many ways, the trajectory that we witnessed through much of the FY26 has meaningfully reversed in the last quarter. While the earlier part of the year saw a gradual softening in momentum from Q1 through Q3, Q4 marked a positive inflection point with improving business activity and stronger execution. We are encouraged by this shift and remain optimistic that this renewed upward trajectory will sustain through FY 2026-27, supported by a stronger order pipeline of over 1750 crore, improved visibility, and growing demand across our businesses.

FY 2025-26 has been a year of consolidation, resilience, and strategic execution for the Company, marked by meaningful progress across leadership alignment, organisational accountability & technology adoption. At the same time, we continued to sharpen our focus on technology and innovation, particularly around the adoption of AI to drive productivity and innovation.

It is important to note that during the year, we secured several large and strategic order wins across Automotive OEMs, Enterprise Digital Transformation, Government, Logistics, and Mobility segments. We have also witnessed a meaningful increase in our open order book and pipeline visibility. The strong growth in executable orders provides us with enhanced revenue visibility and strengthens our confidence in delivering improved growth momentum in FY 2026-27.

One of the most encouraging developments for us continues to be the growing adoption and engagement of the Mappls App ecosystem, which has recorded 45 Mn downloads to date and 10 Mn downloads during the year. We are seeing increasing consumer acceptance, improving user engagement metrics, stronger retention behaviour, and expanding use cases across navigation, mobility, EV experiences, logistics, safety, and geo-intelligence. The Mappls platform today is evolving beyond navigation into a comprehensive digital location and mobility ecosystem for consumers, enterprises, and developers alike.

We remain highly confident about the long-term opportunities ahead of us and are committed to creating sustainable value for all stakeholders.”

Result PDF

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Internet Software & Services company C.E. Info Systems announced Q3FY26 results

  • Revenue from operations: Rs 93.7 crore against Rs 114.5 crore during Q3FY25, change -18%.
  • EBITDA: Rs 26.8 crore against Rs 41.7 crore during Q3FY25, change -36%.
  • EBITDA Margin: 28.6% for Q3FY26.
  • PAT: Rs 18.8 crore against Rs 32.3 crore during Q3FY25, change -42%.
  • PAT Margin: 18% for Q3FY26.

Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said: “From a financial perspective the quarter has been weak and this is due to the seasonality. There has been major investment in building our IP’s in the areas of Navigation Software and HD Maps. There has been major wins in all the sector of our business and similarly several project implementation in under pipeline and we see getting them completed in Q4FY26. We still believe our guidance of 35% EBIDTA margin will hold on a full year basis. The revenue growth will be stronger in Q4FY26 as compared to Q4FY25.

The Company’s open order book has increased significantly to Rs 1,770.7 crore as of 31st December, 2025 from Rs 1,500 crore as of 31st March, 2025, providing clear, long-term revenue visibility for the time to come.

The Company had implemented the basic Labor Code rules in FY23 itself, and as such no financial impact for the future was observed by the Statutory Auditors of the Company and hence there has been no need for making any provisions”.

Result PDF

Internet Software & Services company C.E. Info Systems announced Q2FY26 results

  • Revenue from Operations: Rs 113.8 crore against Rs 103.7 crore during Q2FY25.
  • EBITDA: Rs 28.1 crore against Rs 37.5 crore during Q2FY25.
  • EBITDA Margin: 24.7% for Q2FY26.
  • PAT: Rs 18.5 crore against Rs 30.4 crore during Q2FY25.
  • PAT Margin: 14.9% for Q2FY26.

Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said: “Q2FY26 was a quarter of focused investment, as MapmyIndia accelerated innovation to build and enhance our next generation of products and business offerings. A key highlight was the rapid growth of our Mappls app, which, built on a sophisticated deep-tech platform, was enhanced significantly to elevate the consumer experience. The app's user base surged past 40 million downloads, reinforcing its position as India’s leading navigation platform. During the quarter, we intensified efforts to secure large MoUs and commercial contracts, resulting in some large deals that were won in October including a Rs 110 crore contract with Indian Oil Corporation Limited (IOCL). Additionally, the company has been awarded a landmark contract by the Survey of India to develop the nation’s first National Geo-Spatial Platform— a project of great national importance that will support government applications by providing a unified foundation for geospatial data across sectors.

In terms of Financial Highlights, during H1FY26, the Company delivered an operating performance with revenue from operations increasing by 14.7% YoY to Rs 235.4 crore. EBITDA for the half year stood at Rs 84.0 crore, registering a 4.7% YoY growth this half year, considering rise in one-off technical services outsourcing expenses for a specific government project. Profit after tax (PAT) was broadly stable at Rs 64.3 crore in H1FY26, comparable to the H1FY25.

Our map-led business continued to deliver steady and resilient performance, with revenues growing to Rs 160.9 crore in H1FY26 from Rs 151.1 crore in H1FY25. This segment maintained a healthy EBITDA margin of 47.3%. The IoT-led business showed strong revenue growth, rising to Rs 74.5 crore from Rs 54.0 crore in the prior period, driven by increased adoption of connected telematics and mobility solutions with EBITDA margin at 10.6%, impacted by one-off cost of completion of acquisition of 96% stake in the IoT subsidiary, Gtropy.

Our Core business remain strong with healthy margins, with new businesses (IoT, Govt, Intl JV) in investment & scale up mode to address large market opportunities. Our goal for the year remains unchanged as we continue to focus on strategic growth and sustained value creation for all stakeholders.”

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Internet Software & Services company C.E. Info Systems announced Q1FY26 results

  • Revenue from Operations: Rs 121.6 crore compared to Rs 101.5 crore during Q1FY25, change 19.8%.
  • EBITDA: Rs 55.9 crore compared to Rs 42.8 crore during Q1FY25, change 30.6%.
  • EBITDA Margin: 46.0% for Q1FY26.
  • PAT: Rs 45.8 crore compared to Rs 35.9 crore during Q1FY25, change 27.7%.
  • PAT Margin: 33.9% for Q1FY26.

Rakesh Verma, Chairman & Managing Director, MapmyIndia, said: “MapmyIndia has started FY26 on a strong footing, delivering robust financial performance across key metrics in Q1. For Q1FY26, YoY, the Revenue grew by 19.8% to Rs 121.6 crore, while EBITDA rose by 30.6% to Rs 55.9 crore, and PAT increased by 27.7% to Rs 45.8 crore. In Q1FY26, EBITDA margin was 46.0% and PAT margin was 33.9%, underscoring the strength of our business model and operational efficiency.

Our Map-led business remained the key growth engine, delivering a strong 26% year-on-year growth with EBITDA margins of 54.8% as against 50.1% in Q1FY25. The Company believing in long term prospect of its IoT business is increasing its shareholding in its IoT subsidiary Gtropy Systems Private Limited from 75.98% to 96.00%. Finally, Mappls DT Private Limited – a wholly owned subsidiary has been fully operationalised to serve the large & fast growing Digital Transformation and Digital Twin needs of the government and defence sector.

From an industry lens, our Automotive & Mobility Tech (A&M) revenue grew 24.4% YoY, supported by growing demand for our advanced automotive solutions. The Consumer Tech & Enterprise Digital Transformation (C&E) segment also performed well, registering a 16.1% YoY increase. We made meaningful progress in both new customer acquisitions and deepening engagements with existing clients through up-sell and cross-sell of innovative solutions. Notable wins and go-lives spanned across automotive OEMs, fleet operators, technology startups, traditional enterprises, and various government departments, including defence.

With our focus on Live High definition Maps (HD Maps) – going beyond 2D and 3D Standard Definition maps, we have developed use cases for Autonomous driving and lane-level navigation experience. In August 2025, we entered into a strategic business agreement with Zepto, a leading quick commerce company where MapmyIndia SDK & APIs are utilised to enhance their customer and delivery experience. Additionally, the board has approved on August 7, 2025, a strategic financial investment of Rs 25 crore in Zepto. This investment will enhance the capabilities and adoption of our suite of solutions for the large and fast growing quick commerce industry. MapmyIndia continues to work with and enable all players in this sector.

Looking ahead, we are confident about the opportunities that lie ahead to achieve our revenue goal of Rs 1000 crore in FY28. The strong performance in Q1 reinforces our belief in the scalability and sustainability of our strategy. At the same time, we would like to communicate that the nature of this business is such that it should be observed more on a yearly basis rather than quarter on quarter.”

Result PDF

Internet Software & Services company C.E. Info Systems announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from Operations: Rs 143.5 crore vs Rs 106.9 crore during Q4FY24 (change: 34%).
  • Total Income: Rs 166.7 crore vs Rs 119.3 crore during Q4FY24 (change: 40%).
  • EBITDA: Rs 58 crore vs Rs 39.5 crore during Q4FY24 (change: 47%).
  • EBITDA Margin: 40% vs 37% during Q4FY24.
  • PAT: Rs 49.0 crore vs Rs 38.2 crore during Q4FY24 (change: 28%).
  • PAT Margin: 29% vs 32% during Q4FY24.

FY25 Financial Highlights:

  • Revenue from Operations: Rs 463.3 crore vs Rs 379.4 crore during FY24 (change: 22%).
  • Total Income: Rs 515.7 crore vs Rs 417.6 crore during FY24 (change: 23%).
  • EBITDA: Rs 179.9 crore vs Rs 156.2 crore during FY24 (change: 15%).
  • EBITDA Margin: 39% vs 41% during FY24.
  • PAT: Rs 147.6 crore vs Rs 134.4 crore during FY24 (change: 10%).
  • PAT Margin: 29% vs 32% during FY24.
  • RoCE (ex-cash): 95% vs 105% during FY24.
  • Cash & Cash Equivalents (incl. financial investments): Rs 659.9 crore vs Rs 557.3 crore during FY24 (change: 18%).
  • Open Order Book at End of Year: Rs 1,500 crore vs Rs 1,372 crore during FY24 (change: 10%).

Rakesh Verma, Chairman & Managing Director, MapmyIndia, said : “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall. The Board was pleased to express our gratitude to all shareholders by declaring Final Dividend of Rs. 3.50/- per Equity share of Rs. 2/- each at the rate of 175% for the FY25. In Q4FY25, revenue increased by 34% YoY to Rs. 143.5 crore and EBITDA rose by 47% to Rs. 58 crore and PAT grew by 28% to Rs. 49 crore. EBITDA margin in Q4 was 40%. For FY25, revenue rose 22% to Rs. 463.3 crore. EBITDA rose 15% to Rs 179.9 crore and PAT rose 10% to Rs 148 crore, EBITDA margin for FY25 was 39%. We’re happy that momentum picked up in Q3 and Q4 of FY25.

Our Map-led business EBITDA margins remain healthy at 47% and our IoT-led business EBITDA margins expanded from 12% in FY24 to 14% in FY25, as product mix improved and SaaS income increased. Our Open Order Book grew to Rs 1,500 crore at the end of FY25. Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1000 crore revenue by FY28.

Our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 30% YoY to Rs 252.5 crore, and Automotive & Mobility Tech (A&M) revenue grew by 13% to Rs 210.8 crore. Our Mapled revenue grew by 29% to Rs 345.6 crore. and IoT led revenue grew by 5% to Rs. 117.7 crore. Our new licenses in automotive increased to 3 million in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 million during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1 Lakhs as against 2.9 Lakhs in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales.

We acquired new B2B and B2B2C customers – including many businesses and enterprises across industry verticals. Customer diversification, de-concentration and retention continued to trend healthily. We have also started to build revenue from the South East Asian market in alignment with our JV company TerraLink Technologies. We were happy with the results of our prudent marketing efforts which led to our crossing the milestone of 30 Million user downloads of the Mappls App and see this as a foundation for future potential consumer business. B2C expenses for consumer business were controlled in this quarter while, we of course continue to relentlessly innovate and invest in enhancing our existing products and technologies, and working on future vision.

Our strategic focus is on enhancing technological capabilities, improving customer engagements and driving operational excellence. To sharpen this focus, our government business, where we see a large opportunity ahead, will be handled by our wholly owned subsidiary, Vidteq, now renamed “Mappls DT”, for accelerating our initiatives in Digital Transformation, Digital Twin, and Defence Technologies to the government. The IoT and logistics SaaS will continue with our 76% owned subsidiary Gtropy. To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on Automotive and Corporate Business. Mappls Brand and App will continue within the parent company.”

Result PDF

Internet Software & Services company C.E. Info Systems announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Revenue for Q3FY25 reached Rs 115 crore, showing a 25% YoY growth.
  • EBITDA for Q3FY25 was Rs 42 crore, yielding a margin of 36%, compared to Rs 36 crore in Q3FY24 at 39%.

Rakesh Verma, Chairman & Managing Director, MapmyIndia, said: “In Q3FY25, we successfully operationalized the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint. As part of our long-term strategy, both the Mappls App and the Mappls brand will continue to be the integral part of the organization.

On the financial front, our revenue for Q3FY25 reached Rs 115 crore, showing a 25% YoY growth. Over the first nine months of FY25 (9MFY25), our revenue grew to Rs 320 crore by 17%, up from Rs 273 crore during the same period last year.

In terms of profitability, our EBITDA for Q3FY25 was Rs 42 crore, yielding a margin of 36%, compared to Rs 36 crore in Q3FY24 at 39%. For the first nine months of FY25, our EBITDA stood at Rs 122 crore, with a margin of 38%, as compared to Rs 114 crore and 42% margin recorded in the same period last year. We will continue to prioritize the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards. Our Profit After Tax (PAT) for the first nine months of FY25 was Rs 99 crore, up from Rs 96 crore in 9MFY24.

In Q3FY25, Consumer Tech & Enterprise Digital Transformation (C&E) revenue surged by 39% to Rs 65 crore, while Automotive & Mobility Tech (A&M) revenue had a steady growth of 9% to Rs 49 crore. In the first nine months of FY25, our A&M revenue grew by 16% YoY, while our C&E revenue saw a 19% increase. Our Map-led business delivered a very strong 33% growth to Rs 87 crore in Q3FY25, while the IoT-led business had a growth of 4% during the quarter due to delays in some anticipated business. However subscription services grew 31% year on year for the quarter. Our continued focus to build IoT-led business with higher margin subscription revenue has resulted in the IoT-led EBITDA margin to grow from 8% in 9MFY24 to 12% in 9MFY25.

Our efforts in the previous quarters culminated in securing a major deal with one of the largest global social media networks across all their app platforms in India, as well as significant wins in the burgeoning quick commerce space and BFSI vertical, which had a strong positive impact on our C&E business. We also made significant strides in customer acquisition and deepened relationships with existing clients through upselling and cross-selling initiatives. This included notable go-lives and project wins across various sectors, such as automotive, fleet management, tech startups, traditional corporations, government and defence.”

Result PDF

Internet Software & Services company C.E. Info Systems announced Q2FY25 results

  • Revenue from Operations: Rs 103.7 crore compared to Rs 91.1 crore during Q2FY24, change 13.80%.
  • EBITDA: Rs 37.5 crore compared to Rs 40.5 crore during Q2FY24, change -8.49%.
  • EBITDA Margin: 36.1% for Q2FY25.
  • PAT: Rs 30.4 crore compared to Rs 33.1 crore during Q2FY24, change -8.26%.
  • PAT margin: 26.7% for Q2FY25.

Rakesh Verma, Chairman & Managing Director, MapmyIndia, said: “MapmyIndia has received official board approval to establish a joint venture with Hyundai Autoever, a wholly owned subsidiary of Hyundai Kia. MapmyIndia will hold a 40% stake with a capital investment of USD 4 million. The joint venture, named PT Terra Link Technologies, will be based in Indonesia and will concentrate on providing map-based solutions for automotive OEMs and other businesses across Southeast Asia. Estimated Revenue of JV would be to the tune of USD multimillion over the next 5 years with order booking and revenue commencing from FY26 itself. This JV will also benefit current customers of MapmyIndia.

Our Q2FY25 revenue from operations increased to Rs 104 crore, a 14% YoY growth and the first half of FY25 (H1FY25) saw revenue growing to Rs. 205 crore as against Rs. 181 crores in H1FY24. EBITDA for H1FY25 reached Rs 80 crore, yielding a margin of 39.1%, compared to Rs 78 crore and a margin of 43.2% in H1FY24. EBITDA for Q2FY25 was Rs 37.5 crore, yielding a margin of 36.1%, compared to Rs 40.5 crore and a margin of 44.5% in Q2FY24. Decrease in margin is primarily due to investing on a continuous basis during the last four quarters in consumer business for the future growth and these investments are booked as expenses. Downloads of the Mappls App surged from 10 million in H1FY24 to 25 million in H1FY25.

Our Profit After Tax (PAT) for H1FY25 rose to Rs 66 crore, compared to Rs 65 crore in H1FY24. Our IoT-led EBITDA margin improved significantly, rising from 7% to 14% during the same period. We are on track for achieving our goals of FY28.”

Sapna Ahuja, COO, MapmyIndia, said: “The overall market we serve faced challenges in Q2FY25, but we managed to perform reasonably well thanks to our open orders and strong teamwork. In H1FY25, our Automotive & Mobility Tech (A&M) revenue rose by 19.3% YoY, while our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 8.2%. Specifically, in Q2FY25, A&M revenue increased by 27% to Rs 60.9 crore YoY, while C&E revenue remained steady at Rs 42.7 crore.

With our efforts during past many quarters, we finally could enter the international market with a significant win of PT Terra Link Technologies in the South East Asian region for map solutions. We successfully acquired new customers and deepened our relationships with existing clients through upselling and cross-selling. This included significant wins and go-lives across various sectors, including automotive, fleet management, tech startups, traditional corporations, government entities and defence. Our diverse range of solutions saw increased adoption, such as our ADAS and EV Mobility stack, video telematics for fleets, APIs and SDKs for app developers and enterprises, and geospatial solutions like 3D digital twin mapping.

Additionally, the adoption of our consumer products continues to rise steadily.”

Result PDF

Internet Software & Services company C.E. Info Systems announced Q4FY24 & FY24 results:

  • Revenue for FY24 was at Rs 379 crore with a healthy growth of 35% YoY. Q4FY24 Revenue crossed the quarterly milestone of Rs 100 crore for the first time and is at an all time high of Rs 107 crore.
  • EBITDA Margins for FY24 was 41% remained above 40% for the full year despite the share of IoT led business increasing to 30% of overall revenue.
  • EBITDA for FY24 grew YoY by 33% to Rs 156 crore.
  • PAT for FY24 grew 25% YoY to Rs 134 crore. PAT margin at 32% was lower than FY23 due to increase in amortization.
  • Cash & cash equivalents continued to grow YoY to Rs 557 crore at the end of FY24.
  • Open Order Book and Annual New Order Bookings showed significant growth.
  • Both Map-led & IoT-led recorded strong growth YoY (FY24 vs FY23) to Rs 267 crore vs 222 crore & Rs 112 crore vs Rs 59 crore respectively.
  • Map-led margins remain strong & expanded 100 bps year on year to 54% in FY24 compared to 53% in FY23. Map-led business margins remained steady for Q4FY24 vs Q4FY23.
  • Overall IoT-led revenue has grown 91% YoY, driven by healthy growth in devices as well as better product mix.
  • 2.9 L devices were rented and sold in FY24, a growth of 52% YoY.
  • IoT-led quarterly EBITDA margins continue to improve to 17% due to product mix and operational efficiency vs 10% in Q3FY24.
  • FY24 EBITDA Margin has grown to 11.6 % from 1.7% in FY23, due to higher gross margin subscription revenue growing 170% YoY. Share of subscription revenue to total revenue increased from 28% in FY23 to 40% in FY24.

Result PDF

Internet Software & Services company C.E. Info Systems announced Q3FY24 and 9MFY24 results:

Revenue and Total Income:

  • Q3FY24 Revenue: Rs 92.0 crore (36% YoY growth).
  • All-time high Q3FY24 Total Income: Rs 103.6 crore (32% YoY growth).
  • 9MFY24 Revenue: Rs 272.5 crore (30% YoY growth).
  • 9MFY24 Total Income: Rs 298.3 crore (28% YoY growth).

EBITDA Performance:

  • Q3FY24 EBITDA: Rs 38.6 crore (38% YoY growth).
  • 9MFY24 EBITDA: Rs 116.6 crore (32% YoY growth).
  • Consistent 9MFY24 EBITDA Margin: 43%.

Profitability:

  • Q3FY24 PAT: Rs 31.1 crore (5% YoY growth).
  • 9MFY24 PAT: Rs 96.2 crore (21% YoY growth).
  • 9MFY24 PAT Margin: 32%.

Financial Stability:

  • Q3FY24 Cash & Cash Equivalents: Rs 516.1 crore (including financial instruments).
  • Strong financial position supporting ongoing operations and growth initiatives.

Commenting on the Q3FY24 and 9MFY24 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said, “We’re happy that MapmyIndia crossed for the first time a milestone of Rs 100 crore quarterly Total Income, and again achieved all-time high in Revenue in Q3FY24, growing 36% YoY to Rs 92 crore, while YTD Revenue has touched Rs 272.5 crore. EBITDA in Q3FY24 grew 38% to Rs 38.6 crore and YTD grew 32% to Rs 116.6 crore, with an overall YTD EBITDA margin at 43%. YTD Map-led EBITDA margin remains strong at 55.1%. IoT-led EBITDA margin has expanded to 10% in Q3FY24 versus 8.2% in Q2FY24, and in YTD stands at 8.2% expanding 730 bps YoY. YTD PAT is robust at Rs 96.2 crore growing 21% YoY, with PAT margin at 32%. Q4FY24 will be exciting. Not just are we happy with the growth of our core B2B and B2B2C business, we are also pleased to see our consumer business take shape with increased brand awareness & product uptake.”

Rohan Verma, CEO & Executive Director, MapmyIndia, said, “We are excited about Q4FY24, with a strong order book build-up based on very large new wins, and look forward to sharing developments shortly. YTD (9MFY24) Revenue growth was broad-based, with A&M up 19.5% and C&E up 43.1% on the market side, while Map & Data was up 37.6% and Platform & IoT was up 26.5% on the product side. We had multiple wins and go-lives across our Auto OEM NCASE suite with an exciting funnel ahead. We also had multiple wins and go-lives across consumer tech companies & enterprises and in the government based on Map-led & IoT-led digital transformation. We started a strong 360-degree marketing push for our consumer business, which was highly effective, yet cost-efficient in increasing Mappls MapmyIndia brand awareness and product traction. We’re happy to see the start of ad-revenue monetization of the App & sales growth of our Gadgets.”

Result PDF

Internet software & services company C.E. Info Systems announced Q1FY24 results:

  • Revenue grows 37.5% YoY to Rs 89.4 crore
  • EBITDA grows 25.2% YoY to Rs 37.4 crore
  • EBITDA margin at 41.9%
  • PAT grows 32.2% YoY to Rs 32 crore
  • PAT margin at 32.7%

Commenting on the Q1FY24 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said, “We are delighted with our Q1FY24 results wherein MapmyIndia achieved all-time highs in Revenue, EBITDA, and PAT. Revenue grew 37.5% in Q1FY24 to Rs 89.4 crore. EBITDA grew 25.2% to Rs 37.4 crore, with an overall EBITDA margin of 41.9%. Map-led business EBITDA margin was strong at 54.1%. IoT-led business EBITDA margin continued to expand quarterly and was at 6.3% in Q1FY24 versus 4.0% in Q4FY23, as SaaS income from IoT grew. Q1FY24 PAT also reached an all-time high of Rs 31.8 crore, growing 31.4% YoY. During Q1FY24, we outlined a 5-year vision of a growth roadmap for the company, and are putting in place the requisite foundations that will drive the long-term success of the company. We are also delighted with the surge in interest and usage of our consumer-facing Mappls MapmyIndia app amongst users, which resulted in the Mappls app becoming the top app in the app store recently. This bodes well for the B2C future of the company, in addition to the B2B and B2B2C where we have been traditionally strong.”

Rohan Verma, CEO & Executive Director, MapmyIndia, said, “Our strong Q1 YoY revenue growth was broad-based with A&M (Automotive & Mobility Tech) up 24% and C&E (Consumer Tech & Enterprise Digital Transformation) up 51% on the market side. On the products side, Map & Data was up 41% and Platform & IoT was up 35%. We’re happy with the large number of customer go-lives that occurred during Q1FY24 including many consumer technology companies and startups, corporates across industry sectors, automotive OEMs including EVs and 2-Wheelers, and government and logistics/mobility fleets. This bodes well for our future growth. Our B2B and B2B2C product offerings across maps, APIs, IoT, drones, N-CASE automotive suite, enterprise digital transformation, and geospatial platforms continue to expand in capabilities and extend their market leadership. Our consumer-facing Mappls App, with unique features such as 3D Junction Views, end-to-end trip costs including toll and fuel, and useful safety alerts such as speed limits, speed breakers, sharp curves, etc – are getting rave reviews. Similarly, our B2C-focused Mappls Gadgets which enable safety, convenience, and entertainment on the go for vehicle owners, drivers, and passengers are gaining traction too. These are initial steps in our efforts to expand our B2C business going forward.”

 

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