C.E. Info Systems (MAPMYINDIA) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations rose 15.8% to ₹13,174 lakh; EBITDA increased 60.1% to ₹45.0 crore and PAT rose 90.6% to ₹35.3 crore.

• H1 FY27 revenue from operations reached ₹27,146 lakh, up 15.3%; EBITDA grew 20.4% to ₹101.1 crore and PAT increased 32.2% to ₹85.0 crore.

• Automotive and Enterprise growth, improving IoT-led performance and ₹730.3 crore in cash and cash equivalents supported profitable growth.

Financial highlights

• Q2 total income was ₹147.9 crore, up 19.1% YoY; revenue from operations was ₹131.7 crore, up 15.8%.

• H1 total income was ₹307.2 crore, up 18.4% YoY; revenue from operations was ₹271.5 crore, up 15.3%.

• Q2 EBITDA was ₹45.0 crore versus ₹28.1 crore YoY; PAT after associate and JV results was ₹35.25 crore versus ₹18.5 crore.

• H1 EBITDA was ₹101.1 crore versus ₹84.0 crore; PAT after associate and JV results was ₹84.99 crore versus ₹64.3 crore.

Outlook and guidance

• Management expects H2 to be better than H1, with Q3 also expected to be good as open-order-book contracts convert to revenue.

• A large oil-and-gas IoT government subscription contract has gone live, with subscription revenue starting to flow.

• Significant business visibility and long-term opportunities cited across markets and product segments; no specific growth forecast given.

• EBITDA margin target remains above 35%.