C.E. Info Systems Limited — Important, 08-11-2024: General Updates

MapmyIndia announced its Q2 & H1 FY2025 results, reporting a revenue increase to ₹104 crore (14% YoY) in Q2 and ₹205 crore for H1 FY2025. Despite a slight decline in EBITDA margins due to increased investments, profit after tax grew to ₹66 crore. The company established a joint venture with Hyundai Autoever in Indonesia, focusing on automotive map solutions. App downloads surged from 10 million to 25 million. The firm aims for ₹1000 crore revenue by FY27-28.