CE Info Systems Ltd (MapmyIndia) has announced robust financial results for the second quarter and first half of FY2026, demonstrating significant growth and strategic expansion in its digital mapping and location-based services business.

Financial Highlights

For the first half of FY2026 (H1FY26), MapmyIndia reported:

The company maintained a healthy EBITDA margin of 35.7% in H1FY26, showcasing operational efficiency despite increased investments in growth initiatives.

Segment Performance

MapmyIndia's business segments showed varied performance:

• Map-led Business: Revenues grew to ₹160.90 crore in H1FY26 from ₹151.10 crore in H1FY25, maintaining a strong EBITDA margin of 47.3%.
• IoT-led Business: Demonstrated substantial growth, with revenues rising to ₹74.50 crore from ₹54.00 crore in the prior period, marking a 37.9% increase.

Strategic Developments

1. Mappls App Growth: The company's consumer-facing app surpassed 40 million downloads, solidifying its position as India's leading navigation platform.

2. Major Contract Wins:

   • Secured a ₹110 crore contract with Indian Oil Corporation Limited (IOCL) for a Centralised Vehicle Tracking & Management System.
   • Awarded a contract by the Survey of India to develop the nation's first National Geo-Spatial Platform.

3. Automotive Sector Expansion: Won new vehicle programs for the Indian market from a leading EV OEM and expanded existing relationships for neighboring countries.

4. IoT Solutions Adoption: Gained traction with ride-hailing fleet partners, bus operators, and logistics companies, particularly in video telematics solutions.

5. Corporate Partnerships: Established collaborations with leading private sector banks, payment providers, and e-commerce companies for API integrations and mapping solutions.

6. Government Sector Wins: Secured projects with the Central Pollution Control Board and state governments for GIS-based urban planning and commercial tax systems.

Investment in Innovation

MapmyIndia continued to invest in next-generation products and services, including:

• Enhanced consumer experience in the Mappls app
• Development of high-definition (HD) maps for advanced driver assistance systems (ADAS)
• Expansion of IoT and telematics solutions for various industries

Management Commentary

Rakesh Verma, Group Chairman & Managing Director, stated, "Q2 FY26 was a quarter of focused investment, as MapmyIndia accelerated innovation to build and enhance our next generation of products and business offerings. Our core business remains strong with healthy margins, while new businesses in IoT, government sector, and international joint ventures are in investment and scale-up mode to address large market opportunities."

Future Outlook

MapmyIndia aims to maintain its strategic growth trajectory, focusing on innovation in digital mapping, IoT solutions, and geospatial services. The company's diverse portfolio of products and services, coupled with its strong market position, positions it well for continued expansion in the evolving digital landscape of India and beyond.

As MapmyIndia continues to secure major contracts and expand its technological capabilities, it remains committed to creating value for stakeholders while contributing to India's digital infrastructure development.

CE Info Systems Limited, the parent company of MapmyIndia, has clinched a significant contract worth ₹110.19 crore from Indian Oil Corporation Limited (IOCL), India's largest commercial oil company. This development marks a major milestone for the digital mapping and location intelligence services provider.

Contract Details

The contract, spanning five years, involves the comprehensive implementation and operation of IOCL's Central Vehicle Tracking and Management System. CE Info Systems will be responsible for:

• Pan-India provisioning and monitoring of IoT hardware
• Software and services implementation
• 24x7 command centre monitoring with alerts and reporting

This project underscores the growing importance of advanced tracking and management systems in the oil and gas sector, potentially enhancing operational efficiency and logistics for IOCL.

Financial Implications

While the contract value of ₹110.19 crore is substantial, it's important to view this in the context of CE Info Systems' overall financial performance. According to the company's recent financial results:

The new contract represents a significant portion of the company's current revenue, potentially boosting its financial outlook for the coming years.

Strategic Significance

Rakesh Verma, Group Chairman & Managing Director of MapmyIndia, highlighted the company's recent achievements, stating, "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 ₹110 crore contract with Indian Oil Corporation Limited (IOCL)."

This contract win aligns with CE Info Systems' strategy to expand its presence in the enterprise and government sectors, leveraging its expertise in digital mapping and IoT solutions.

Market Response

The news of this contract comes at a time when CE Info Systems has been focusing on strategic growth and innovation. The company recently reported that its consumer app, Mappls, has surpassed 40 million downloads, reinforcing its position in the navigation platform market.

Conclusion

The ₹110.19 crore contract with IOCL represents a significant opportunity for CE Info Systems to showcase its capabilities in large-scale IoT and tracking solutions. As the company continues to diversify its portfolio and secure high-value contracts, it strengthens its position in the digital mapping and location intelligence market.

Investors and industry observers will likely keep a close watch on how this contract contributes to CE Info Systems' growth trajectory and financial performance in the coming quarters.