New Delhi, January 28, 2025 – C.E. Info Systems Limited (NSE: MAPMYINDIA, BSE: 543425), the parent company of MapmyIndia, has announced its Q3 FY25 financial results. The company reported a 24.5% year-on-year (YoY) increase in revenue, reaching ₹114.54 crore, while net profit stood at ₹32.61 crore. This demonstrates consistent growth in digital mapping and location-based services.
Key Financial Highlights – Q3 FY25 (Consolidated)
| Metric | Q3 FY25 | Q3 FY24 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹114.54 crore | ₹92.02 crore | +24.5% |
| Total Income | ₹123.93 crore | ₹103.56 crore | +19.7% |
| Net Profit (PAT) | ₹32.61 crore | ₹31.04 crore | +5% |
| Earnings Per Share (EPS) | ₹5.99 | ₹5.98 | +0.2% |
- Revenue: ₹319.71 crore (+17.3% YoY).
- Net Profit: ₹101.13 crore (+1.5% YoY).
Business Highlights & Growth Drivers
1. Strong Performance in Digital Mapping & Navigation Solutions
- Enterprise customers drive revenue growth, contributing to higher subscription and licensing fees.
- Expansion in automotive navigation software, IoT solutions, and real-time location intelligence.
2. New AI-Powered Features & Expansion
- Launched AI-driven predictive analytics for fleet management.
- Strengthened integration with EV ecosystem, offering real-time charging station maps.
- Increased demand for 3D mapping solutions across innovative city projects.
3. International Expansion & Strategic Partnerships
- Revenue from global markets grew 18.5% YoY, with an expanding client base in North America and Europe.
- New partnerships signed with OEMs and mobility solution providers for high-accuracy mapping solutions.
Corporate Developments & Board Decisions
- Allotment of 16,612 Equity Shares Under ESOP
- Issued ₹12.15 per share to eligible employees as per the 2008 ESOP plan.
- Compliance & Financial Review
- The company confirmed adherence to SEBI & stock exchange guidelines.
- No outstanding defaults on loans or debt securities.
Management Commentary
Rakesh Kumar Verma, Managing Director, MapmyIndia, stated:"Our robust growth is fueled by increasing demand for advanced digital mapping and location intelligence solutions. With AI integration and global expansion, we remain committed to driving innovation and profitability."
Strategic Outlook & Market Positioning
- Continued investment in AI and real-time location intelligence.
- Expansion in international markets & innovative mobility partnerships.
- Strengthening data security and regulatory compliance for enterprise solutions.