C.E. Info Systems (MAPMYINDIA) Q4 25/26 earnings summary

Executive summary

• Q4 FY26 saw a strong sequential rebound with revenue up 54.8%, EBITDA up 141.9%, and PAT up 171.3% compared to Q3 FY26, reversing earlier softness.

• FY26 revenue growth was modest, but EBITDA margin remained healthy at 37%, reflecting disciplined cost management and strategic execution.

• The Mappls app ecosystem reached 45+ million downloads, with 10+ million added during the year, reflecting growing user engagement and expanding use cases.

• Audited standalone and consolidated financial statements for FY26 were approved with an unmodified audit opinion from statutory auditors.

• Final dividend of Rs. 3.50 per equity share (175% of face value) recommended, subject to shareholder approval.

Financial highlights

• Q4 FY26 revenue from operations was ₹145 Cr, up 54.8% QoQ and 1.1% YoY; EBITDA was ₹64.7 Cr (141.9% QoQ, 11.6% YoY); PAT was ₹50.9 Cr (171.3% QoQ, 3.9% YoY).

• FY26 consolidated revenue from operations was Rs. 47,410 lakhs, up from Rs. 46,325 lakhs in FY25.

• Cash and cash equivalents at year-end stood at nearly INR 600 crores to ₹685 Cr (consolidated), with significant holdings in bonds, FDRs, and mutual funds.

• 5-year revenue CAGR stands at 24%, EBITDA CAGR at 19%, and PAT CAGR at 11% since IPO.

• Accounts receivable increased from INR 133 crores in March 2025 to INR 176 crores in March 2026.

Outlook and guidance

• Management expects the positive Q4 momentum to continue into FY27, supported by a robust order pipeline of over INR 1,750 crores.

• Guidance suggests a return to 20%+ growth in FY27, with confidence in achieving the INR 1,000 crore revenue target by FY28, though timing may vary.

• Focus remains on technology, AI adoption, and innovation to drive productivity and new use cases.

• Conversion rate from open order book to revenue was 18% in FY26, with expectations for similar or higher rates going forward.

• Dividend payout for FY26 recommended at Rs. 3.50 per share, reflecting continued shareholder returns.