Conference Call with C.E. Info Systems Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
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