C.E. Info Systems Ltd
P&L
Quarterly Consolidated
vs Q2 FY25
MapmyIndia Reports 24.5% YoY Revenue Growth in Q3 FY2025 and 17.3% YoY in 9M FY2025
28 Jan 2025 · 28 Jan 2025, 11:36 pm
Summary
C.E. Info Systems Ltd. (MapmyIndia) announced its Q3 and 9M FY2025 results, with revenue from operations growing by 24.5% YoY and 17.3% YoY respectively. EBITDA for Q3 FY2025 was INR 41.7 crore with a margin of 36.4%, while for 9M FY2025, it was INR 122 crore with a margin of 38.2%. The company operationalized a joint venture in Indonesia and reported strong growth in Consumer Tech & Enterprise Digital Transformation and Map-led business. However, the IoT-led business had a 4% growth due to some delays.
Key Highlights
- 1
Revenue from operations grew by 24.5% YoY in Q3 FY2025 and 17.3% YoY in 9M FY2025
- 2
EBITDA for Q3 FY2025 was INR 41.7 crore with a margin of 36.4%
- 3
EBITDA for 9M FY2025 was INR 122 crore with a margin of 38.2%
- 4
Operationalized a joint venture in Indonesia
- 5
Strong growth in Consumer Tech & Enterprise Digital Transformation and Map-led business
- 6
IoT-led business had a 4% growth due to some delays
Management Comments
Rakesh Verma
Chairman & Managing Director, MapmyIndia
In Q3 FY25, we successfully operationalized the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint... We will continue to prioritize the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards... Our Profit After Tax (PAT) for the first nine months of FY25 was *99 crore, up from X96 crore in 9M FY24... Our efforts in the previous quarters culminated in securing a major deal with one of the largest global social media networks across all their app platforms in India... We also made significant strides in customer acquisition and deepened relationships with existing clients through upselling and cross-selling initiatives... This included notable go-lives and project wins across various sectors, such as automotive, fleet management, tech startups, traditional corporations, government and defence.”
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