C.E. Info Systems (MAPMYINDIA) Q4 24/25 earnings summary

Executive summary

• Q4 FY2025 revenue increased 34% year-over-year to INR 143.5 crore, EBITDA up 47% to INR 58 crore, and PAT up 28% to INR 49 crore; full-year FY2025 revenue rose 22% to INR 463.3 crore, EBITDA up 15% to INR 179.9 crore, and PAT up 10% to INR 148 crore, with EBITDA margin at 40% for Q4 and 39% for the year.

• Final dividend of INR 3.50 per share (175% of face value) declared for FY2025, subject to shareholder approval.

• Open order book reached INR 1,500 crore, supporting confidence in achieving INR 1,000 crore revenue by FY2028.

• Audited standalone and consolidated financial statements for FY2025 were approved with unmodified opinions from statutory auditors.

• Key board and management changes include re-appointment of the Managing Director, new Group Chairman and Vice-Chairman, and new senior management appointments.

Financial highlights

• Map-led business EBITDA margin at 47% for FY2025; IoT-led business margin improved from 12% to 14%.

• Consumer tech and enterprise digital transformation revenue grew 30% year-over-year to INR 252 crore; automotive and mobility tech revenue up 13% to INR 210 crore.

• Map-led revenue up 29% to INR 345 crore; IoT-led revenue up 5% to INR 117 crore.

• SaaS revenue in IoT-led segment increased to INR 64 crore (over 50% of IoT-led revenue), up from less than 40% the previous year.

• Consolidated revenue from operations for FY2025 was INR 463.25 crore, up from INR 379.42 crore year-over-year.

Outlook and guidance

• Targeting INR 1,000 crore revenue by FY2028, requiring ~30% CAGR over the next three years.

• International automotive business and Southeast Asia JV expected to contribute meaningfully in coming years.

• EBITDA margin guidance remains at 35%-40% range.

• Continued focus on SaaS-led growth, prudent expansion in government and IoT segments, and leveraging external resources for large projects.

• Government business to be handled by Mappls DT; IoT/logistics SaaS by Gtropy.