C.E. Info Systems Limited (MapmyIndia), India's leading digital maps and deep-tech products company, has announced robust financial results for the second quarter and first half of FY2026, alongside securing a significant new contract with Indian Oil Corporation Limited (IOCL).

Financial Highlights

MapmyIndia reported a strong year-on-year revenue growth of 9.7% for Q2 FY26 and 14.7% for H1 FY26, with revenue from operations reaching ₹235.4 crore in the first half of the fiscal year. The company's EBITDA for H1 FY26 grew by 4.7% to ₹84.0 crore, maintaining a healthy margin of 35.7%.

While the company experienced a decline in quarterly profits, it maintained a strong financial position with cash and cash equivalents (including financial instruments) of ₹639.1 crore as of September 30, 2025.

Operational Highlights

MapmyIndia's map-led business continued to deliver steady performance, with revenues growing to ₹160.9 crore in H1 FY26 from ₹151.1 crore in H1 FY25, maintaining a healthy EBITDA margin of 47.3%. The IoT-led business showed strong revenue growth, rising to ₹74.5 crore from ₹54.0 crore in the prior period.

New Contract with IOCL

In a significant development, MapmyIndia has secured a ₹110.19 crore contract with Indian Oil Corporation Limited (IOCL). The five-year contract involves the comprehensive implementation and operation of IOCL's Central Vehicle Tracking and Management System. This includes pan-India provisioning and monitoring of IoT hardware, software, and services, as well as 24x7 command centre monitoring with alerts and reporting.

Strategic Investments and Partnerships

During the quarter, MapmyIndia made an additional investment of ₹2,499.95 lakhs to acquire a further 20.02% shareholding in its subsidiary, Gtropy Systems Private Limited, increasing its total stake to 96%. The company also holds the right to acquire the remaining 4% within four years.

MapmyIndia's consumer-facing Mappls app has seen significant growth, surpassing 40 million downloads and reinforcing its position as India's leading navigation platform.

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. 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 continues to focus on strategic growth and sustained value creation. The company has been awarded a contract by the Survey of India to develop the nation's first National Geo-Spatial Platform, a project of significant national importance that will support government applications by providing a unified foundation for geospatial data across sectors.

As MapmyIndia expands its presence in both the public and private sectors, it is well-positioned to capitalize on the growing demand for advanced mapping and IoT solutions in India and beyond.

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.