StockWatch
·

C.E. Info Systems Ltd

BSE: 543425

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
142.86
-2.4%+22.2%
Expenditure
69.79
-12.1%+36.4%
Net Profit
55.42
+18.9%+10.1%
OPM %
48.44%
+7.06pp-6.13pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0040.9881.95122.93163.90Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Order Book Hides a Stalled Core: MapmyIndia's Growth Illusion

order-book-execution · map-led-stalled · government-receivables

Result verdictFollow-upQ1 FY2708 Aug 20266 minTechnology / IT

Order book masks flat core; government receivables are the real story

government-risk · receivables · map-led-flat

TranscriptDeep diveQ1 FY2708 Aug 20266 minTechnology / IT

MapmyIndia Q1 FY27: consolidated PAT +9% YoY as hardware mix dilutes margins

mapping software · gps navigation · iot devices

ResultsQ1 FY2704 Aug 20263 minTechnology / IT
Latest
Board Meeting4 Aug, 3:19 pm

MapmyIndia Q1 FY27: consolidated PAT +9% YoY as hardware mix dilutes margins

C.E. Info Systems (MapmyIndia) reported consolidated revenue of ₹139.72 Cr for Q1 FY27, up 14.9% YoY but down 3.7% QoQ, with consolidated PAT (including share of associates/JV) of ₹49.74 Cr, up 8.6% YoY and down 2.3% QoQ. Standalone PAT was ₹55.42 Cr (+10.1% YoY, +18.9% QoQ). EPS came in at ₹9.09 (consolidated, basic) versus ₹10.12 standalone. No exceptional items were disclosed on either statement, so these are clean YoY comparisons. The growth was hardware-led, not services-led: device/hardware revenue more than tripled YoY to ₹23.11 Cr from ₹7.60 Cr (+204%), while the core map-data-and-services line — roughly 84% of the topline — grew just 2.3% YoY to ₹116.61 Cr from ₹114.01 Cr. That mix shift pushed cost of materials consumed up 213% YoY (₹4.74 Cr to ₹14.83 Cr) and compressed the operating margin (EBITDA on revenue from operations) to ~40.2% from 45.9% a year ago and 44.7% last quarter; net margin (on total income) eased to 31.2% from 33.9% YoY. The effective tax rate also rose to 24.2% from 23.4% YoY, and the outsized ₹16.96 Cr deferred-tax benefit booked in Q4 FY26 shrank to just ₹0.93 Cr this quarter — both dragging reported PAT growth below revenue growth. No Street consensus for this specific quarter's numbers turned up in search; recent brokerage commentary is split (bullish target from one house, a large cut from another), but none of it yields a hard PAT/revenue estimate to grade against, so vsStreet is unknown. Against management's own May 2026 commentary — an order pipeline exceeding ₹1,750 Cr, an expected government-business recovery, continued IoT growth, and a longer-term FY28 ₹1,000 Cr revenue goal — the IoT/device-led growth is visible directly in this quarter's device revenue, but the 'margin expansion' strand of that guidance ran the opposite way this quarter. Group share of associate/JV losses narrowed to ₹0.64 Cr from ₹1.57 Cr YoY. Separately, the board also disclosed Mr. Nikhil Kumar's exit as Whole Time Director of wholly-owned subsidiary Mappls DT Pvt Ltd, effective August 3, 2026. The quarter sets up two checkpoints for FY27: whether the core map-data/services line re-accelerates beyond its 2.3% YoY pace, since a hardware-led topline carries a different margin profile than a services-led one, and whether operating margin stabilizes back toward the 44-46% band seen in the trailing two quarters as the order pipeline converts.

4 Aug 2026, 03:19 pm

Corporate Events

Board MeetingMAPMYINDIA
2026
11Aug

Board Meeting

The 31st Annual General Meeting (AGM) is scheduled to be hel…

BSE Filing
DividendMAPMYINDIA
2026
4Aug

₹3.5 / share

BSE Filing
Board MeetingMAPMYINDIA
2026
4Aug

Board Meeting

The Board Meeting is scheduled to consider and approve the S…

BSE Filing
Board MeetingMAPMYINDIA
2026
30Jun

Board Meeting

The Board of Directors will consider and approve the Report …

BSE Filing
Board MeetingMAPMYINDIA
2026
13Feb

Board Meeting

Standalone and Consolidated Un-Audited Financial Results alo…

BSE Filing
Board MeetingMAPMYINDIA
2024
8Nov

Board Meeting

Discuss and approve the Standalone and Consolidated Un-Audit…

BSE Filing
Board MeetingMAPMYINDIA
2024
13May

Board Meeting

Discuss and approve the Standalone and Consolidated Audited …

BSE Filing
Board MeetingMAPMYINDIA
2024
16Jan

Board Meeting

To discuss and approve the Standalone and Consolidated Un-Au…

BSE Filing
Board MeetingMAPMYINDIA
2023
27Nov

Board Meeting

To discuss, consider and approve the proposal of raising fun…

BSE Filing
Board MeetingMAPMYINDIA
2023
31Oct

Board Meeting

discuss and approve the Standalone and Consolidated Un-Audit…

BSE Filing