CE Info Systems , operating under the MapmyIndia brand, has reported robust financial results for the first quarter, demonstrating significant growth across key metrics and strategic expansions in its business operations.

Financial Highlights

MapmyIndia's Q1 performance showcased impressive year-on-year growth:

• Revenue from operations increased by 19.8% to ₹121.60 crore
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 30.6% to ₹55.90 crore
• Profit After Tax (PAT) grew by 27.7% to ₹45.80 crore
• EBITDA margin improved to 46.0% from 42.1% in the previous year's Q1
• PAT margin expanded to 33.9% from 32.1% in the same quarter last year

Segment Performance

The company's growth was driven by strong performances across its business segments:

1. Map-led Business: This core segment saw a robust 26% year-on-year growth, reaching ₹98.20 crore. The segment's EBITDA margins also improved significantly to 54.8% from 50.1% in the previous year's Q1.

2. Automotive & Mobility Tech (A&M): Revenue in this segment grew by 24.4% year-on-year, supported by increasing demand for advanced automotive solutions.

3. Consumer Tech & Enterprise Digital Transformation (C&E): This segment registered a 16.1% year-on-year increase in revenue.

Strategic Developments

MapmyIndia announced several strategic initiatives during the quarter:

1. Increased Stake in Gtropy Systems: The company is increasing its shareholding in its IoT subsidiary, Gtropy Systems Private Limited, from 75.98% to 96.00%.

2. Partnership with Zepto: MapmyIndia entered into a strategic business agreement with Zepto, a leading quick commerce company. MapmyIndia's SDK and APIs will be utilized to enhance Zepto's customer and delivery experience.

3. Investment in Zepto: The board approved a strategic financial investment of ₹25.00 crore in Zepto.

4. Focus on HD Maps: The company is developing use cases for autonomous driving and lane-level navigation experiences through its Live High Definition (HD) Maps.

5. Government and Defense Sector Expansion: MapmyIndia's wholly-owned subsidiary, Mappls DT Private Limited, has been fully operationalized to serve the digital transformation and digital twin needs of the government and defense sector.

Management Commentary

Rakesh Verma, Chairman & Managing Director of MapmyIndia, expressed confidence in the company's performance and future prospects. He stated, "MapmyIndia has started on a strong footing, delivering robust financial performance across key metrics in Q1. The strong performance reinforces our belief in the scalability and sustainability of our strategy."

Verma also reiterated the company's commitment to achieving its revenue goal of ₹1,000.00 crore, highlighting the opportunities that lie ahead for MapmyIndia in the digital mapping and location intelligence space.

As of the end of the quarter, MapmyIndia maintained a strong financial position with cash reserves of ₹676.90 crore, positioning the company well for future growth and investments in emerging technologies and partnerships.

The company's focus on innovation, strategic partnerships, and expansion into high-growth sectors like quick commerce and government services indicates a clear path for sustained growth and market leadership in the digital mapping and location-based services industry.

CE Info Systems , the parent company of digital mapping firm MapmyIndia, has announced strategic investments totaling ₹250 crore in quick commerce platform Zepto and its IoT subsidiary GTropy Systems. The company also reported robust financial results for the first quarter.

Strategic Investments

The Board of Directors of CE Info Systems has approved two significant investments:

1. A ₹25.00 crore investment in Zepto Private Limited, a leading quick commerce platform. The company will acquire 75,18,797 Compulsorily Convertible Preference Shares (CCPS) at ₹33.25 per share, representing approximately 0.0490% of Zepto's share capital.

2. An investment of ₹24.99 crore in GTropy Systems Private Limited, its material subsidiary. This move will increase CE Info Systems' stake in GTropy from 75.98% to 96%, with an option to acquire the remaining 4% within four years.

Q1 Financial Highlights

CE Info Systems reported strong financial performance for Q1:

The company's map-led business saw a robust 26% year-on-year growth, contributing ₹98.20 crore to the revenue with an EBITDA margin of 54.80%.

Segment-wise Performance

• Automotive & Mobility Tech (A&M) revenue grew by 24.40% year-on-year.
• Consumer Tech & Enterprise Digital Transformation (C&E) business reported a 16.10% year-on-year increase.

Management Commentary

Rakesh Verma, Chairman & Managing Director of MapmyIndia, stated, "MapmyIndia has started on a strong footing, delivering robust financial performance across key metrics in Q1. The strong performance reinforces our belief in the scalability and sustainability of our strategy."

He also highlighted the company's focus on Live High Definition Maps (HD Maps) and their applications in autonomous driving and lane-level navigation experiences.

Future Outlook

CE Info Systems remains confident about achieving its revenue goal of ₹1,000 crore in FY28. The investments in Zepto and GTropy Systems are expected to enhance the company's capabilities and adoption of its suite of solutions in the fast-growing quick commerce and IoT industries.

The company continues to expand its product offerings and client base, with notable wins and go-lives across automotive OEMs, fleet operators, technology startups, traditional enterprises, and government departments, including defense.

As CE Info Systems strengthens its position in the digital mapping and location-based services sector, these strategic investments and strong financial performance indicate a promising trajectory for the company's growth and market expansion.