Synopsis:
C.E. Info Systems Ltd surged after Railway Minister Ashwini Vaishnaw publicly endorsed its MapMyIndia-owned navigation app, Mappls, praising features like 3D junction views, real-time alerts, and trip cost calculations. The endorsement, coupled with an upcoming MoU with Indian Railways, underscores growing adoption of India-made digital mapping solutions.
A leading digital mapping and navigation platform’s stock rose sharply following a high-profile endorsement by Railway Minister Ashwini Vaishnaw. The minister’s praise for the app’s advanced features and the announcement of a potential memorandum of understanding (MoU) with Indian Railways triggered investor interest, reflecting confidence in the company’s growth potential in the navigation and geospatial services space.
C.E. Info Systems Ltd, with a market capitalization of Rs. 9,842.79 crore, opened at Rs. 1,736.50, touched a high of Rs. 1,885.70, and had a previous close of Rs. 1,703.20, marking an intraday increase of 10.7 percent. The stock’s sharp movement highlights strong market enthusiasm following the government endorsement.
What’s the News?
MapMyIndia’s homegrown navigation application, Mappls, gained attention after Railway Minister Ashwini Vaishnaw personally tried the app in his car and lauded its advanced features. He encouraged citizens to use the platform and stated that Indian Railways will soon sign an MoU with the Google Maps competitor.
In social media posts and a video, the minister highlighted capabilities such as three-dimensional junction views for flyovers, underpasses, and roundabouts, real-time driving alerts for speed limits, accident-prone spots, sharp curves, speed breakers, traffic signals, and camera locations.
The app also allows users to calculate trip costs by vehicle and fuel type, including tolls, and integrates with Fastag Annual Pass to enhance safety and convenience. According to sources, the company had urged the government to mandate pre-installation of Mappls on smartphones under the production-linked incentive (PLI) scheme.
While government business accounts for less than 20 percent of MapMyIndia’s Rs. 463 crore annual revenue, the company supports nearly 10 departments, including DIGIPIN, police forces nationwide, and tax agencies such as GSTN and CBDT, providing geospatial data for analytics.
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Financial Snapshot
Quarter-on-Quarter (QOQ): Sales declined from Rs. 144 crore to Rs. 122 crore, down 15.3 percent. Operating profit fell slightly from Rs. 55 crore to Rs. 54 crore, down 1.8 percent. PBT dropped from Rs. 74 crore to Rs. 60 crore, down 18.9 percent, while net profit decreased from Rs. 49 crore to Rs. 46 crore, down 6.1 percent.
Year-on-Year (YOY): Sales rose from Rs. 101 crore to Rs. 122 crore, up 20.8 percent. Operating profit increased from Rs. 42 crore to Rs. 54 crore, up 28.6 percent. PBT grew from Rs. 47 crore to Rs. 60 crore, up 27.7 percent, while net profit jumped from Rs. 36 crore to Rs. 46 crore, up 27.8 percent.
About the Company
C.E. Info Systems Ltd, popularly known as MapmyIndia or globally as Mappls, is India’s leading digital mapping and deep-tech company. Founded in 1995, it pioneered digital mapping in India and built the country’s first internet mapping portal, MapmyIndia.com (now Mappls.com).
The company offers comprehensive MaaS, SaaS, and PaaS solutions, providing proprietary digital maps, APIs, IoT-enabled platforms, AI-powered analytics, fleet management, navigation, and geospatial services to enterprises, automotive OEMs, government organizations, developers, and consumers.
MapMyIndia’s Mappls app delivers indigenous, hyper-local maps, navigation, and safety features with real-time updates, 3D and 4D mapping, high-definition street views, and AI-driven Digital Metaverse Twin of the real world. Serving over 2,000 enterprise clients, the company continues to expand globally, integrating maps of more than 200 countries into its platform.
Written By Manan Gangwar
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