Internet Software & Services company C.E. Info Systems announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from Operations: Rs 143.5 crore vs Rs 106.9 crore during Q4FY24 (change: 34%). Total Income: Rs 166.7 crore vs Rs 119.3 crore during Q4FY24 (change: 40%). EBITDA: Rs 58 crore vs Rs 39.5 crore during Q4FY24 (change: 47%). EBITDA Margin: 40% vs 37% during Q4FY24. PAT: Rs 49.0 crore vs Rs 38.2 crore during Q4FY24 (change: 28%). PAT Margin: 29% vs 32% during Q4FY24. FY25 Financial Highlights: Revenue from Operations: Rs 463.3 crore vs Rs 379.4 crore during FY24 (change: 22%). Total Income: Rs 515.7 crore vs Rs 417.6 crore during FY24 (change: 23%). EBITDA: Rs 179.9 crore vs Rs 156.2 crore during FY24 (change: 15%). EBITDA Margin: 39% vs 41% during FY24. PAT: Rs 147.6 crore vs Rs 134.4 crore during FY24 (change: 10%). PAT Margin: 29% vs 32% during FY24. RoCE (ex-cash): 95% vs 105% during FY24. Cash & Cash Equivalents (incl. financial investments): Rs 659.9 crore vs Rs 557.3 crore during FY24 (change: 18%). Open Order Book at End of Year: Rs 1,500 crore vs Rs 1,372 crore during FY24 (change: 10%). Rakesh Verma, Chairman & Managing Director, MapmyIndia, said : “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall. The Board was pleased to express our gratitude to all shareholders by declaring Final Dividend of Rs. 3.50/- per Equity share of Rs. 2/- each at the rate of 175% for the FY25. In Q4FY25, revenue increased by 34% YoY to Rs. 143.5 crore and EBITDA rose by 47% to Rs. 58 crore and PAT grew by 28% to Rs. 49 crore. EBITDA margin in Q4 was 40%. For FY25, revenue rose 22% to Rs. 463.3 crore. EBITDA rose 15% to Rs 179.9 crore and PAT rose 10% to Rs 148 crore, EBITDA margin for FY25 was 39%. We’re happy that momentum picked up in Q3 and Q4 of FY25. Our Map-led business EBITDA margins remain healthy at 47% and our IoT-led business EBITDA margins expanded from 12% in FY24 to 14% in FY25, as product mix improved and SaaS income increased. Our Open Order Book grew to Rs 1,500 crore at the end of FY25. Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1000 crore revenue by FY28. Our Consumer Tech & Enterprise Digital Transformation (C&E;) revenue grew by 30% YoY to Rs 252.5 crore, and Automotive & Mobility Tech (A&M;) revenue grew by 13% to Rs 210.8 crore. Our Mapled revenue grew by 29% to Rs 345.6 crore. and IoT led revenue grew by 5% to Rs. 117.7 crore. Our new licenses in automotive increased to 3+ million in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 million during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1+ Lakhs as against 2.9+ Lakhs in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales. We acquired new B2B and B2B2C customers – including many businesses and enterprises across industry verticals. Customer diversification, de-concentration and retention continued to trend healthily. We have also started to build revenue from the South East Asian market in alignment with our JV company TerraLink Technologies. We were happy with the results of our prudent marketing efforts which led to our crossing the milestone of 30 Million user downloads of the Mappls App and see this as a foundation for future potential consumer business. B2C expenses for consumer business were controlled in this quarter while, we of course continue to relentlessly innovate and invest in enhancing our existing products and technologies, and working on future vision. Our strategic focus is on enhancing technological capabilities, improving customer engagements and driving operational excellence. To sharpen this focus, our government business, where we see a large opportunity ahead, will be handled by our wholly owned subsidiary, Vidteq, now renamed “Mappls DT”, for accelerating our initiatives in Digital Transformation, Digital Twin, and Defence Technologies to the government. The IoT and logistics SaaS will continue with our 76% owned subsidiary Gtropy. To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on Automotive and Corporate Business. Mappls Brand and App will continue within the parent company.” Result PDF
Conference Call with C.E. Info Systems Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.