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
Conference Call with C.E. Info Systems Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company C.E. Info Systems announced Q1FY26 results Revenue from Operations: Rs 121.6 crore compared to Rs 101.5 crore during Q1FY25, change 19.8%. EBITDA: Rs 55.9 crore compared to Rs 42.8 crore during Q1FY25, change 30.6%. EBITDA Margin: 46.0% for Q1FY26. PAT: Rs 45.8 crore compared to Rs 35.9 crore during Q1FY25, change 27.7%. PAT Margin: 33.9% for Q1FY26. Rakesh Verma, Chairman & Managing Director, MapmyIndia, said: “MapmyIndia has started FY26 on a strong footing, delivering robust financial performance across key metrics in Q1. For Q1FY26, YoY, the Revenue grew by 19.8% to Rs 121.6 crore, while EBITDA rose by 30.6% to Rs 55.9 crore, and PAT increased by 27.7% to Rs 45.8 crore. In Q1FY26, EBITDA margin was 46.0% and PAT margin was 33.9%, underscoring the strength of our business model and operational efficiency. 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 long term prospect 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% YoY, 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% YoY increase. We made meaningful progress in both new customer acquisitions and deepening engagements with existing clients through up-sell and cross-sell of innovative solutions. Notable wins and go-lives spanned across automotive OEMs, fleet operators, technology startups, traditional enterprises, and various government departments, including defence. With our focus on Live High definition Maps (HD Maps) – going beyond 2D and 3D Standard Definition maps, we have developed use cases for Autonomous driving and lane-level navigation experience. In August 2025, we entered into a strategic business agreement with Zepto, a leading quick commerce company where MapmyIndia SDK & APIs are utilised to enhance their customer and delivery experience. Additionally, the board has approved on August 7, 2025, a strategic financial investment of Rs 25 crore in Zepto. This investment will enhance the capabilities and adoption of our suite of solutions for the large and fast growing quick commerce industry. MapmyIndia continues to work with and enable all players in this sector. Looking ahead, we are confident about the opportunities that lie ahead to achieve our revenue goal of Rs 1000 crore 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.” Result PDF
