C.E. Info Systems Limited — Investor Meet, 29-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

MapmyIndia reported Q4 revenue up 34% YoY to INR143.5 Cr, EBITDA grew 47% to INR58 Cr with a 40% margin, and PAT rose 28% to INR49 Cr. FY25 revenue increased 22% to INR463 Cr, EBITDA by 15% to INR179 Cr (39% margin), and PAT by 10% to INR148 Cr. Strong margins from map-led business (47%) and improved IoT SaaS mix supported growth. The order book stands at INR1,500 Cr with 20% government orders.

Management highlighted gains in consumer tech and automotive, noting automotive licenses hit 3+ million. IoT hardware sales declined to focus on higher-margin SaaS. Indonesia JV is developing with losses expected to reduce by FY26-end. Government/defense sectors remain key growth areas. Challenges include quarterly revenue variability and government receivable delays (~94 days), while cash reserves total INR660 Cr. Confident in integrated map solutions and targeting INR1,000 Cr revenue by FY28 through diversified expansion.