At the operating level, EBITDA jumped 30.2% to ₹56 crore in the first quarter of this fiscal over ₹43 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 46% in the reporting quarter as compared to 42.4% in the corresponding period in the previous fiscal.
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Rakesh Verma, Chairman and Managing Director, MapmyIndia, said, “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 the long-term prospects 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% year-on-year, 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% year-on-year increase.”
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“Looking ahead, we are confident about the opportunities that lie ahead to achieve our revenue goal of ₹1000 Cr 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,” Verma added.
The results came after the close of the market hours. Shares of CE Info Systems Ltd ended at ₹1,760.50, up by ₹9.65 or 0.55% on the BSE.
