C.E. Info Systems, known as MapmyIndia, reported a robust recovery in Q4 FY2026, marked by strong sequential growth across key business segments. The company achieved a 54.8% increase in revenue compared to Q3, with EBITDA and PAT margins expanding by 44.6% and 31.3%, respectively. With a strong order pipeline exceeding INR 1,750 crore, management expressed confidence in sustained growth and a positive outlook for the upcoming fiscal year.
Financial Highlights
C.E. Info Systems demonstrated significant momentum in the quarter ended March 31, 2026. Sequentially, the company delivered a 54.8% growth in revenue, while EBITDA and PAT saw increases of 141% and 171%, respectively. For the full year, the company reported revenue of INR 474 crore. The Board of Directors declared a final dividend of INR 3.50 per equity share, reflecting the improved business performance and strong cash position of the company.
Strategic Business Outlook
Management highlighted that while the first three quarters of FY2026 faced some softening in momentum due to project deferrals, Q4 served as a clear inflection point. The company maintains an open order book of over INR 1,750 crore, providing strong visibility for the coming year. Focus areas for growth include the Automotive, Enterprise Digital Transformation, Government, and Logistics segments, with a particular emphasis on the rapidly expanding IoT business.
Focus on IoT and Government Projects
The company is seeing increased traction in its Mappls App ecosystem, which has surpassed 45 million downloads. A key driver for future growth is the IoT-led business, which has shifted to a sustainable, subscription-based opex model, contributing to margin expansion. Furthermore, despite some delays in government project collections, the company reported INR 100-plus crore in cash collections from customers during the year and remains highly disciplined in its selection of government contracts to ensure quality and timely realization.
Future Strategy
The company is realigning its reporting structure to better reflect its core business drivers: Auto and Retail, Corporate, and Government. Management remains committed to its long-term roadmap and emphasizes that current investment cycles—particularly in IoT hardware and government working capital—are laying the foundation for higher operational leverage and improved margins in FY2027 and beyond.
Source: BSE
