Internet Software & Services company C.E. Info Systems announced Q2FY26 results Revenue from Operations: Rs 113.8 crore against Rs 103.7 crore during Q2FY25. EBITDA: Rs 28.1 crore against Rs 37.5 crore during Q2FY25. EBITDA Margin: 24.7% for Q2FY26. PAT: Rs 18.5 crore against Rs 30.4 crore during Q2FY25. PAT Margin: 14.9% for Q2FY26. Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said: “Q2FY26 was a quarter of focused investment, as MapmyIndia accelerated innovation to build and enhance our next generation of products and business offerings. A key highlight was the rapid growth of our Mappls app, which, built on a sophisticated deep-tech platform, was enhanced significantly to elevate the consumer experience. The app's user base surged past 40 million downloads, reinforcing its position as India’s leading navigation platform. During the quarter, we intensified efforts to secure large MoUs and commercial contracts, resulting in some large deals that were won in October including a Rs 110 crore contract with Indian Oil Corporation Limited (IOCL). Additionally, the company has been awarded a landmark contract by the Survey of India to develop the nation’s first National Geo-Spatial Platform— a project of great national importance that will support government applications by providing a unified foundation for geospatial data across sectors. In terms of Financial Highlights, during H1FY26, the Company delivered an operating performance with revenue from operations increasing by 14.7% YoY to Rs 235.4 crore. EBITDA for the half year stood at Rs 84.0 crore, registering a 4.7% YoY growth this half year, considering rise in one-off technical services outsourcing expenses for a specific government project. Profit after tax (PAT) was broadly stable at Rs 64.3 crore in H1FY26, comparable to the H1FY25. Our map-led business continued to deliver steady and resilient performance, with revenues growing to Rs 160.9 crore in H1FY26 from Rs 151.1 crore in H1FY25. This segment maintained a healthy EBITDA margin of 47.3%. The IoT-led business showed strong revenue growth, rising to Rs 74.5 crore from Rs 54.0 crore in the prior period, driven by increased adoption of connected telematics and mobility solutions with EBITDA margin at 10.6%, impacted by one-off cost of completion of acquisition of 96% stake in the IoT subsidiary, Gtropy. Our Core business remain strong with healthy margins, with new businesses (IoT, Govt, Intl JV) in investment & scale up mode to address large market opportunities. Our goal for the year remains unchanged as we continue to focus on strategic growth and sustained value creation for all stakeholders.” Result PDF
