C.E. Info Systems Limited — Updates, 28-01-2025: Press Release

MapmyIndia reported a strong performance for Q3 FY25, with revenue from operations climbing 24.5% year-on-year to ₹115 crore. For the nine-month period, revenue reached ₹320 crore, marking a 17% increase from ₹273 crore in the previous year. EBITDA for Q3 grew 15.7% YoY to ₹42 crore, resulting in an EBITDA margin of 36%. Profit After Tax (PAT) for the first nine months stood at ₹99 crore, reflecting a modest 2.5% growth.

The company operationalized a joint venture with Hyundai Autoever in Indonesia this quarter, enhancing its global footprint. Notably, revenue from the Consumer Tech & Enterprise Digital Transformation segment surged 39% to ₹65 crore, whereas Automotive & Mobility Tech revenue grew 9% to ₹49 crore. The continued focus on the Mappls App and strategic partnerships are likely to bolster growth, providing a positive outlook for future performance. Watch closely as the company calibrates costs in the coming quarters to sustain profitability.