Mapmy India (C.E. Info Systems Limited) announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27). The company reported a 15.8% year-on-year increase in revenue, alongside significant growth in EBITDA by 60% and PAT by 90%. The management highlighted strong performance across its automotive, enterprise, and government segments, with positive momentum expected to continue into the second half of the fiscal year.
Mapmy India Announces Strong Q2 FY27 Performance
C.E. Info Systems Limited, widely known as Mapmy India, has reported robust financial results for the second quarter ended September 30, 2026. The company showcased a healthy growth trajectory, with revenue rising by 15.8% on a year-on-year basis. This strong top-line performance was complemented by substantial improvements in profitability, as EBITDA grew by an impressive 60% and Profit After Tax (PAT) surged by 90% compared to the same period last year.
Key Growth Drivers and Segment Performance
During the earnings call, Mr. Rakesh Verma, Co-Founder and Group Chairman, highlighted that the company has registered consistent growth for the past three quarters across revenue, EBITDA, and PAT. He emphasized Mapmy India’s strategic focus on investing in technology and strengthening its leadership team to support future growth phases. The management also noted the embedding of AI, ML, and neural networks across its Map-led and IoT-led platforms.
Mr. Rohan Verma, Joint Managing Director, provided further details on segment performance. The Map-led business generated revenue of INR76.7 crores with an EBITDA margin of 41.6% in Q2. The IoT-led business reported revenue of INR55.1 crores with an EBITDA margin of 23.8% in Q2. Both product-led businesses demonstrated strong EBITDA margins.
In terms of market segments, automotive saw strong growth of approximately 52% in Q2 and 40% in the first half of the year (H1). The enterprise segment experienced robust growth of 44% in Q2, driven by wins in the last-mile delivery and quick commerce sectors. The government segment, while seeing a degrowth compared to a one-off win in the previous year’s quarter, showed sequential revenue growth compared to the prior quarter. Notable wins include digital twins for the oil and gas sector and a first win in the national disaster response segment.
Outlook and Financial Management
The company expressed confidence in its business momentum and order book, suggesting that the second half of the fiscal year (H2) is expected to be stronger than the first half (H1). For the first half of FY27, revenue grew by 18.4%, EBITDA by 20.4%, and PAT by 32%. Management is focused on maintaining EBITDA margins of 35% plus, with H1 FY27 EBITDA margin standing at 37.2%.
Financially, the company has successfully reduced inventory by half and is maintaining steady customer collection timelines. Cash flows are reported as strong, with faster supplier account settlements. The company also commented on its receivables, noting that while government receivables are being collected, there is an ongoing effort to improve collection cycles. Non-government receivables are described as healthy and stable.
Overall, Mapmy India conveyed a positive outlook, emphasizing its strong business visibility, growing order book, and a well-positioned team and technology portfolio to drive continued profitable growth.
Source: BSE
