C.E. Info Systems Reports Mixed Q2 FY2026 Results: Revenue Up, Profit Down

CE Info Systems , the company behind MapmyIndia, has reported a mixed set of financial results for the second quarter of fiscal year 2026. While the company saw growth in revenue, it experienced a decline in profitability compared to the same period last year.

Financial Highlights

Metric (in ₹ crore)	Q2 FY2026	Q2 FY2025	YoY Change
Revenue from Operations	113.80	103.70	+9.7%
EBITDA	28.10	37.50	-25.0%
EBITDA Margin	24.7%	36.1%	-11.4 pp
Net Profit	18.50	30.40	-39.2%
Net Profit Margin	14.9%	26.7%	-11.8 pp

The company's revenue from operations grew by 9.7% year-over-year to ₹113.80 crore in Q2 FY2026. However, this top-line growth was accompanied by a significant decline in profitability metrics.

Profitability Pressure

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased by 25% to ₹28.10 crore, with the EBITDA margin contracting from 36.1% to 24.7%. The company's net profit saw a more pronounced decline, falling 39.2% to ₹18.50 crore, with the net profit margin shrinking from 26.7% to 14.9%.

Segment Performance

The company's performance varied across its two main business segments:

Map-led Business: This segment showed resilience, with revenues growing to ₹160.90 crore in H1 FY2026 from ₹151.10 crore in H1 FY2025. It maintained a healthy EBITDA margin of 47.3%.
IoT-led Business: This segment demonstrated strong revenue growth, rising to ₹74.50 crore from ₹54.00 crore in the prior period. However, its EBITDA margin decreased to 10.6%, impacted by one-off costs related to the acquisition of a 96% stake in the IoT subsidiary, Gtropy.

Management Commentary

Rakesh Verma, Group Chairman & Managing Director of MapmyIndia, commented on the results: "Q2 FY26 was a quarter of focused investment, as MapmyIndia accelerated innovation to build and enhance our next generation of products and business offerings."

He highlighted the rapid growth of the Mappls app, which surpassed 40 million downloads, reinforcing its position as India's leading navigation platform.

Strategic Developments

The company reported several strategic achievements during and shortly after the quarter:

Secured a ₹110 crore contract with Indian Oil Corporation Limited (IOCL).
Awarded a contract by the Survey of India to develop the nation's first National Geo-Spatial Platform.
Increased its stake in subsidiary Gtropy Systems Private Limited to 96%.

Outlook

While the core business remains strong with healthy margins, the company acknowledges that new businesses (IoT, Government, International JV) are in investment and scale-up mode to address large market opportunities. The management remains focused on strategic growth and sustained value creation for stakeholders.

CE Info Systems' mixed Q2 results reflect a period of investment and expansion, with revenue growth offset by margin pressures. The company's strategic initiatives and market position suggest potential for future growth, but investors will likely be watching closely to see how these investments translate into profitability in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.92%	-3.43%	-4.74%	-17.91%	-3.66%	+22.28%

CE Info Systems Limited , also known as MapmyIndia, a leading digital mapping and location intelligence company, has secured a contract from the Survey of India (SoI) to develop a state-of-the-art National Geo-Spatial Platform. This project, described as the first-of-its-kind in India, marks a significant step forward in the country's geospatial capabilities.

Project Details

The National Geo-Spatial Platform, based on indigenous technologies developed by MapmyIndia, is set to serve as a unified digital infrastructure for aggregating, harmonizing, and disseminating authentic and accurate foundational geospatial data and services. This initiative is expected to support various sectors including governance, research, industry, and citizen-centric applications across India.

Key Aspects of the Project

Aspect	Details
Awarding Entity	Survey of India (SoI), Government of India
Nature of Project	Development of National Geo-Spatial Platform
Scope	Domestic
Unique Feature	First-of-its-kind in India using indigenous technologies
Purpose	Unified digital infrastructure for geospatial data and services
Applications	Governance, research, industry, and citizen-centric uses

Significance of the Project

This project represents a significant leap in India's geospatial capabilities. By creating a unified platform for geospatial data, MapmyIndia's solution is poised to enhance decision-making processes across various sectors. The use of indigenous technologies in this project aligns with India's push for self-reliance in critical technological domains.

Company Disclosure

CE Info Systems Limited made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that this project does not fall under related party transactions and that neither the promoter nor the promoter group has any interest in the Survey of India.

While the specific financial details and timeline of the project were not disclosed, the scale and national importance of this initiative suggest it could have a substantial impact on MapmyIndia's operations and India's geospatial ecosystem.

As this project unfolds, it may transform India's approach to geospatial data management and utilization across various sectors. The success of this platform could potentially set a new standard for geospatial infrastructure in developing nations.