Synopsis: The shares of this IT company were in the news today as the company declared its Q2 result, which highlighted the company’s Net profit decline of 39 percent.
The shares of this company, which is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and more, were in the spotlight today as the company declared its results with a decline in its performance metrics.
With a market cap of Rs 9,532 crore, the shares of C.E. Info Systems Ltd fell more than 7 percent in today’s trading session and reached a low of Rs 1,704 when compared to its previous day closing price of Rs 1,824.95. The stock is trading at a PE of 60.5 compared to its median PE of 69.2
Q2 FY26 Result highlights.
The Revenue from operations for the company stood at Rs 114 crore when compared to Rs 104 crore in Q2 FY25 , growing by about 10 percent YoY basis and on QoQ basis falling by 6.5 percent from Rs 122 crore in Q1 FY26.
The PAT fell by about 39 percent YoY basis when you compare the Q2 FY26 profit at Rs 18.52 crore to Rs 30.35 crore in Q2 FY25 and on QoQ basis has fallen 60 percent from Rs 45.81 crore in Q1 FY26.
According to the management guidance – Rakesh Verma, Co-founder and CMD of CE Info Systems (MapmyIndia) shared that the company expects FY26 revenue growth between 20 percent to 25 percent with EBITDA margins in the range of 35 percent to 40 percent.
He noted that margins in the recent quarter were impacted by one-time technical expenses and Verma also highlighted that government contracts now contribute around 20 percent of revenue as of H1 FY26 and emphasized that the company is investing heavily in emerging areas such as road safety, defence, and railways, which are expected to drive long-term growth.
The summary of the commentary by Rakesh Verma, Group Chairman & Managing Director of MapmyIndia is as follows, “the company remained focused on strategic investments and innovation during the quarter to strengthen its next-generation product portfolio. A major highlight was the rapid growth of the Mappls app, which crossed 40 million downloads, cementing its position as India’s leading navigation platform.
During the quarter, MapmyIndia secured several large commercial contracts, including a Rs. 110 crore deal with Indian Oil Corporation (IOCL) and a landmark project from the Survey of India to build the country’s first National Geo-Spatial Platform, a key initiative supporting government applications and national data infrastructure.
Financially, for H1 FY26, revenue from operations rose 14.7 percent YoY to Rs 235.4 crore, while EBITDA stood at Rs 84 crore (up 4.7 percent YoY), reflecting higher one-time technical outsourcing costs. PAT remained stable at Rs 64.3 crore. The map-led business maintained steady performance with revenue of Rs 160.9 crore and an EBITDA margin of 47.3 percent, while the IoT-led business grew sharply to Rs 74.5 crore from Rs 54 crore, supported by stronger adoption of connected mobility solutions.
Verma highlighted that core businesses remain robust, while newer verticals like IoT, government projects, and international ventures are in an investment and scale-up phase to tap large future opportunities. The company continues to focus on strategic growth and long-term value creation for stakeholders.
About the company.
C.E. Info Systems Ltd (MapmyIndia) is one of India’s leading deep-tech digital mapping and geospatial solutions company, offering maps, software, platforms, and IoT products under the Mappls MapmyIndia brand. Its offerings span MaaS, SaaS, and PaaS models, serving automotive OEMs, tech companies, government agencies, and consumers.
Founded in 1995, the company pioneered digital mapping in India and today serves over 2,000 B2B and B2B2C customers. With its proprietary technology, full-stack product ecosystem, and continuous innovation, MapmyIndia has built a strong leadership position and competitive moat in the geospatial industry.
Written by Leon Mendonca.
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