MAPMYINDIA - C.E. Info System
📢 Recent Corporate Announcements
C.E. Info Systems Limited (MapmyIndia) has successfully completed its capital contribution of INR 2,00,00,000 (2 Crores) into Prashant Advanced Survey LLP. This investment provides MapmyIndia with a 20% capital contribution and profit-sharing ratio in the entity. The transaction follows the initial disclosure made on February 13, 2026, regarding the company's intent to invest. This move is part of the company's strategy to potentially enhance its surveying and geospatial data capabilities through specialized partnerships.
- Total capital contribution of INR 2,00,00,000 (2 Crores) completed.
- Acquired a 20% capital contribution and profit-sharing ratio in Prashant Advanced Survey LLP.
- Follow-up to the initial investment announcement made on February 13, 2026.
- Strategic alignment with core mapping and surveying business objectives.
MapmyIndia's data analytics arm, ClarityX, in collaboration with Mastercard, released a comprehensive retail report covering 2023-2025. The report highlights a 20% growth in offline consumer spending and a 25% expansion in retail outlets, with Tier 3-5 cities growing twice as fast as metros. MapmyIndia's proprietary geospatial data serves as the core engine for these insights, demonstrating the company's ability to monetize its data through AI-driven consulting. This partnership with a global leader like Mastercard validates MapmyIndia's data quality and its utility in high-value B2B retail intelligence.
- Offline consumer spending grew by 20% between 2023-2025, while retail outlets expanded by 25%.
- Tier 3-5 cities are growing twice as fast as metros, with grocery spending in these regions surging by 104%.
- The Food & Beverage (F&B) sector was the fastest-growing organized retail category, rising 89% over three years.
- MapmyIndia's hyper-local data enables granular insights at the city, village, and pin code levels for precision-led expansion.
- The report identifies 'Highways and Highstreets' (2H) as new demand engines for retail growth beyond saturated Tier 1 markets.
C.E. Info Systems (MapmyIndia) has addressed a minor regulatory lapse involving a one-day delay in filing Related Party Transaction (RPT) disclosures for the half-year ended September 30, 2025. The National Stock Exchange (NSE) imposed a fine of ₹5,000 plus GST, totaling ₹5,900, which the company has already paid. The Board noted that the delay was inadvertent and caused by a misinterpretation of regulations. Corrective measures have been implemented, and the Board has advised further strengthening of internal systems to ensure future compliance.
- NSE levied a fine of ₹5,000 plus 18% GST (Total ₹5,900) for a 1-day delay in RPT disclosures
- The non-compliance pertains to Regulation 23(9) of SEBI LODR for the half-year ended September 30, 2025
- The Board confirmed the fine has been paid and the required disclosure has since been filed
- Management has initiated corrective and preventive actions to strengthen compliance monitoring systems
MapmyIndia reported a muted Q3 FY26 performance due to delayed deliveries in the government segment and state election-related stalls in Maharashtra and Bihar. However, the open order book strengthened to INR 1,770 crores as of December 31, 2025, with INR 600 crores in new orders booked during the year. Management reaffirmed its FY26 EBITDA margin guidance of 35% and remains committed to its FY28 revenue target of INR 1,000 crores. The company is pivoting towards AI-integrated products and indigenized geospatial solutions to capture increasing demand from 'Owned in India' initiatives.
- Open order book grew to INR 1,770 crores from INR 1,500 crores at the start of the fiscal year.
- Management maintains a 35% EBITDA margin guidance for FY26 despite a weak third quarter.
- Government business, which accounts for 20% of total revenue, saw delays but expects recovery in Q4 and Q1 FY27.
- New order bookings for the year reached INR 600 crores, tracking toward a target of INR 2,000 crores by FY28.
- A&M revenue growth of 15% slightly trailed the 18% growth in auto production for the quarter.
C.E. Info Systems Limited (MapmyIndia) has submitted the audio recording of its Q3FY2026 earnings conference call held on February 16, 2026. This filing is a standard regulatory requirement under SEBI (LODR) Regulations, 2015, following the announcement of quarterly financial results. The recording provides investors with direct access to management's commentary on the company's performance and future outlook. It serves as a transparent record of the interaction between the company and institutional investors/analysts.
- Audio recording for the Q3FY2026 earnings call is now publicly available via the company's website.
- The earnings call was conducted on February 16, 2026, following the Q3 financial results announcement.
- Submission is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The recording link is hosted on the official Mappls (MapmyIndia) investor relations portal.
MapmyIndia reported a weak Q3 FY26 with revenue declining 18.2% YoY to ₹93.7 crore and PAT falling 41.9% YoY to ₹18.8 crore. Management attributed the decline to seasonality and significant investments in intellectual property like HD Maps and Navigation software. Despite the quarterly dip, the open order book grew substantially to ₹1,770.7 crore, providing long-term revenue visibility. The company maintains its full-year EBITDA margin guidance of 35% and expects a strong recovery in Q4 FY26.
- Revenue from operations fell 18.2% YoY to ₹93.7 crore in Q3 FY26.
- Net Profit (PAT) declined by 41.9% YoY to ₹18.8 crore, with margins contracting to 18%.
- EBITDA margin dropped to 28.6% from 36.4% in the previous year's quarter.
- Open order book increased to ₹1,770.7 crore as of Dec 2025, up from ₹1,500 crore in March 2025.
- Cash and cash equivalents remain strong at ₹642.8 crore as of December 31, 2025.
MapmyIndia (C.E. Info Systems) reported a weak Q3 FY26 with consolidated revenue from operations falling 18.2% YoY to ₹93.68 crore. Net profit for the quarter saw a sharp decline of 41.9% YoY to ₹18.76 crore, down from ₹32.32 crore in the same period last year. While sequential profit remained stable compared to Q2 FY26, the year-on-year performance was impacted by a slowdown in the 'Map data and services' segment. The company also announced a strategic investment of ₹2 crore for a 20% stake in Prashant Advanced Survey LLP to enhance its High-Definition (HD) mapping capabilities.
- Consolidated revenue from operations decreased to ₹93.68 crore in Q3 FY26 from ₹114.54 crore in Q3 FY25.
- Net profit after tax fell significantly to ₹18.76 crore compared to ₹32.32 crore in the year-ago quarter.
- 9-month FY26 revenue grew marginally by 2.9% to ₹329.06 crore, while 9-month profit fell 15.7% to ₹83.09 crore.
- Approved a ₹2 crore investment for a 20% partnership in Prashant Advanced Survey LLP for next-gen HD mapping.
- Basic EPS for the quarter declined to ₹3.43 from ₹5.96 in the corresponding quarter of the previous year.
C.E. Info Systems (MapmyIndia) reported a weak set of numbers for Q3 FY26, with consolidated revenue from operations declining 18.2% YoY to ₹93.7 crore. Net profit saw a sharp contraction of 41.9% YoY, falling to ₹18.8 crore from ₹32.3 crore in the previous year's corresponding quarter. On a sequential basis, while revenue dipped from ₹113.8 crore, PAT remained relatively stable. The company also announced a strategic investment of ₹2 crore for a 20% stake in Prashant Advanced Survey LLP to enhance its High Definition (HD) mapping capabilities.
- Consolidated Revenue from Operations fell 18.2% YoY to ₹93.68 crore compared to ₹114.54 crore in Q3 FY25.
- Net Profit After Tax (PAT) declined significantly by 41.9% YoY to ₹18.76 crore.
- Revenue from Map data and services (MAAS, PAAS, SAAS) dropped to ₹78.35 crore from ₹102.39 crore YoY.
- Board approved a ₹2 crore investment for a 20% stake in Prashant Advanced Survey LLP for next-gen HD mapping.
- Basic Earnings Per Share (EPS) decreased to ₹3.43 from ₹5.96 in the same quarter last year.
MapmyIndia reported a weak performance for Q3 FY26, with consolidated revenue from operations declining 18.2% YoY to ₹93.68 crore. Net profit saw a sharp contraction of 41.9% YoY, falling to ₹18.76 crore from ₹32.32 crore in the same period last year. The company's bottom line was impacted by higher employee expenses and a share of losses from its joint venture and associate companies. Strategically, the board approved a ₹2 crore investment for a 20% stake in Prashant Advanced Survey LLP to bolster its High Definition (HD) mapping capabilities.
- Consolidated Revenue from Operations fell 18.2% YoY to ₹93.68 crore in Q3 FY26 compared to ₹114.54 crore in Q3 FY25.
- Net Profit after Tax (PAT) declined sharply by 41.9% YoY to ₹18.76 crore.
- Basic Earnings Per Share (EPS) dropped to ₹3.43 from ₹5.96 in the corresponding previous year quarter.
- Approved a ₹2 crore investment for a 20% partnership stake in Prashant Advanced Survey LLP for next-gen HD mapping.
- 9-month PAT for FY26 stands at ₹83.09 crore, down from ₹98.57 crore in the previous year's 9-month period.
C.E. Info Systems Limited (MapmyIndia) has scheduled its post-results conference call for the third quarter of FY2026 on February 16, 2026, at 12:00 PM IST. The call will discuss the financial performance for the quarter ended December 31, 2025. Senior management will be present to interact with analysts and institutional investors. This is a routine but essential event for investors to understand the company's growth trajectory in the digital mapping and geospatial space.
- Conference call scheduled for February 16, 2026, at 12:00 PM IST
- Focus on financial results for the quarter ended December 31, 2025 (Q3 FY26)
- Senior management team to lead the discussion and Q&A session
- Universal dial-in numbers provided: +91 22 6280 1384 and +91 22 7115 8285
- Call hosted in coordination with DAM Capital Advisors Ltd
C.E. Info Systems Limited (MapmyIndia) has addressed a clarification request from the National Stock Exchange regarding its financial results for the quarter ended September 30, 2025. The exchange had raised queries concerning the submission under Regulation 33 of SEBI Listing Regulations. In response, the company filed a revised XBRL version of its financial results via the NEAPS portal on January 12, 2026. This update is administrative in nature and ensures compliance with exchange reporting standards.
- NSE sought clarification on January 6, 2026, regarding the Q2 FY26 financial results filing.
- Company submitted a revised XBRL file on January 12, 2026, to satisfy Regulation 33 requirements.
- The clarification pertains specifically to the reporting period ended September 30, 2025.
- The filing was completed through the NSE Electronic Application Processing System (NEAPS).
C.E. Info Systems (MapmyIndia) has finalized the acquisition of a stake in Iwayplus Private Limited for approximately ₹2.00 crore. The transaction involved the purchase of 3,500 Compulsorily Convertible Preference Shares (CCPS). Each share was acquired at a face value of ₹10 with a significant premium of ₹5,704.28. This move follows the company's initial announcement on January 12, 2026, and represents a strategic addition to its geospatial technology portfolio.
- Acquisition of 3,500 Compulsorily Convertible Preference Shares (CCPS) in Iwayplus.
- Total investment consideration is approximately ₹2.00 crore.
- Shares acquired at a premium of ₹5,704.28 per share over a ₹10 face value.
- The acquisition was completed within three days of the initial board approval/announcement.
C.E. Info Systems Limited (MapmyIndia) has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, covers the period from October 1, 2025, to December 31, 2025. The registrar confirmed that no dematerialization requests were received during the quarter. This filing is a standard administrative requirement to confirm the integrity of the company's share records.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Registrar MUFG Intime India confirmed zero demat requests were processed during the period.
- The company maintains 100% of its shares in electronic form with no physical shares outstanding.
- The filing was completed on January 14, 2026, meeting SEBI's periodic reporting timelines.
C.E. Info Systems (MapmyIndia) has approved a strategic investment of ₹2 crore to acquire a 6.06% stake in Iwayplus Private Limited through Compulsorily Convertible Preference Shares (CCPS). Iwayplus is an early-stage startup specializing in indoor navigation and 3D mapping for large venues like hospitals, airports, and malls. The target company has shown significant growth, with its turnover rising from ₹0.19 crore in FY24 to ₹0.76 crore in FY25. This acquisition is intended to enhance MapmyIndia's technology portfolio in the specialized indoor positioning segment.
- Investment of ₹2,00,00,000 (₹2 Crore) for a 6.06% stake on a fully diluted basis.
- Acquisition involves 3,500 Compulsorily Convertible Preference Shares (CCPS).
- Target company Iwayplus reported a turnover of ₹0.76 crore in FY25, a 300% increase from FY24.
- The transaction is expected to be completed within three months via cash consideration.
- Strategic focus on indoor navigation, BLE beacons, and high-resolution 2D/3D indoor mapping.
C.E. Info Systems (MapmyIndia) has approved a strategic investment of ₹2 crore to acquire a 6.06% stake in Iwayplus Private Limited, an indoor navigation and wayfinding startup. The investment will be made through Compulsorily Convertible Preference Shares (CCPS) and is expected to be completed within three months. Iwayplus specializes in high-resolution 2D and 3D indoor mapping for large environments such as airports, hospitals, and malls. This move is intended to enhance MapmyIndia's technology portfolio and support innovative indoor positioning systems.
- Investment of ₹2,00,00,000 (₹2 crore) for a 6.06% stake on a fully diluted basis.
- Target company Iwayplus reported revenue growth from ₹0.19 crore in FY24 to ₹0.76 crore in FY25.
- Acquisition involves 3,500 CCPS to be settled via cash consideration within 3 months.
- Strategic focus on indoor navigation, BLE beacons, and positioning systems for large-scale venues.
Financial Performance
Revenue Growth by Segment
Consolidated revenue from operations grew 22.1% YoY to INR 463.3 Cr in FY25. For H1 FY26, revenue grew 14.7% YoY to INR 235 Cr. The Map-led segment maintains high margins of approximately 47%, while IoT-led and Government segments are in a scale-up phase with varying margin profiles.
Geographic Revenue Split
The majority of revenue is derived from the Indian market under the 'MapmyIndia' brand. The company is expanding internationally via the 'Mappls' brand, specifically through a 40% stake in a Southeast Asian JV (PT Terra Link) in Indonesia with Hyundai Autoever, which is currently in the investment phase and not yet at breakeven.
Profitability Margins
FY25 PAT margin was 28.6% (INR 147.6 Cr), down 360 bps from 32.2% in FY24. H1 FY26 PAT margin stood at 24.8% (INR 64.3 Cr). Margins were impacted by increased losses in the International JV and higher technical outsourcing costs for specific government projects.
EBITDA Margin
FY25 EBITDA margin was 38.8% (INR 179.9 Cr), a decrease of 240 bps from 41.2% in FY24. H1 FY26 EBITDA margin was 35.7% (INR 84 Cr). Q2 FY26 EBITDA margin dropped to 24.7% from 36.1% YoY due to lumpy corporate revenue and upfront project costs.
Capital Expenditure
Strategic investments in FY25 included USD 4 million (approx. INR 33.5 Cr) for a 40% stake in PT Terra Link, INR 2 Cr for a 19.8% stake in Kaiinos GeoSpatial, and INR 3 Cr for a 9.4% stake in Simdaas Autonomy.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company maintains a strong cash position with INR 639.1 Cr in cash and cash equivalents as of H1 FY26, suggesting low reliance on external debt.
Operational Drivers
Raw Materials
As an IP-based software company, 'Technical Outsourcing Expenses' represent the primary variable operational cost, particularly for large-scale government geospatial projects.
Import Sources
Not specifically applicable as a software firm, but technology and map data are sourced/developed primarily in India, with international expansion into Indonesia.
Key Suppliers
Not disclosed in available documents; the business model relies on internal IP development and specific technical outsourcing partners for project execution.
Capacity Expansion
Workforce expanded by 9.2% to 1,411 employees in FY25 to support growth. The company is scaling its 'Mappls' app platform, which has surpassed 40 million downloads, to drive B2B and B2B2C demand.
Raw Material Costs
Technical outsourcing costs increased significantly in Q2 FY26 due to upfront requirements for a specific government project, which compressed quarterly margins but is expected to normalize in future periods.
Manufacturing Efficiency
Not applicable; however, the company focuses on 'operational efficiency' by utilizing personnel for future product and technology development during transition quarters.
Logistics & Distribution
Not disclosed in available documents; distribution is primarily digital via APIs and app stores.
Strategic Growth
Expected Growth Rate
29%
Growth Strategy
Targeting INR 1000 Cr revenue by FY27/28 through expansion in smart/electric/connected vehicles, digital transformation, and international expansion via the Mappls brand. Growth is supported by new sectors like drones, defense tech, and railways (MoU with DMRC and upcoming Indian Railways contract).
Products & Services
Digital maps, navigation software, APIs for enterprise transformation, IoT solutions, ADAS (Advanced Driver Assistance Systems), and the Mappls consumer application.
Brand Portfolio
MapmyIndia, Mappls, GTropy.
New Products/Services
National Geo-Spatial Platform for Survey of India, ADAS simulation technology, and drone-based solutions. Mappls app user base growth (40M+ downloads) acts as a marketing pull for B2B services.
Market Expansion
Expansion into Southeast Asia via the Indonesia JV. Targeting 'sunrise sectors' including Defense, Railways, and Drones to unlock new vertical growth.
Market Share & Ranking
Positioned as India's leading navigation platform; Mappls app is the leading front-end app showcasing indigenous technology strength.
Strategic Alliances
Joint Venture with Hyundai Autoever (PT Terra Link) for Southeast Asia; MoU with Delhi Metro Rail Corporation (DMRC) for data sharing and commercial expansion.
External Factors
Industry Trends
The industry is shifting toward 'simulated autonomy,' drones, and deep-tech geospatial platforms. MapmyIndia is positioning itself as the 'Pulse of a Digital Nation' by integrating streets-to-satellite data.
Competitive Landscape
Competes with global mapping giants, but differentiates through localized deep-tech, government partnerships (Survey of India), and specialized automotive integration.
Competitive Moat
Moat is built on proprietary IP-based map data, a sophisticated deep-tech platform, and high switching costs for enterprises integrated into their API ecosystem. The 40M+ consumer app user base creates a 'pull' effect for B2B customers.
Macro Economic Sensitivity
Highly sensitive to the rise of electric and connected vehicles and the pace of nationwide digital transformation initiatives.
Consumer Behavior
Increasing consumer demand for sophisticated navigation and safety features (Mappls app) is driving enterprise adoption of MapmyIndia's underlying technology.
Geopolitical Risks
International expansion into Southeast Asia introduces regional regulatory and geopolitical risks, though the JV partner (Hyundai Autoever) provides local stability.
Regulatory & Governance
Industry Regulations
Operations are influenced by National Geospatial Policy and SEBI listing regulations. The company recently secured a landmark contract to develop the National Geo-Spatial Platform for the Survey of India.
Taxation Policy Impact
Effective tax rate is approximately 28% based on FY25 PBT of INR 205.7 Cr and PAT of INR 147.6 Cr.
Legal Contingencies
No specific pending court cases or labor disputes with material values were disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Quarterly performance volatility due to 'lumpy' corporate contracts and the timing of government project milestones. Potential impact on margins could be 5-10% depending on the mix of IoT vs. Map-led revenue.
Geographic Concentration Risk
High concentration in India; international revenue is currently in the 'investment and loss' phase (Indonesia JV).
Third Party Dependencies
Dependency on technical outsourcing for government projects and collaboration with automotive partners like Hyundai for international growth.
Technology Obsolescence Risk
Mitigated by continuous investment in next-gen platforms, ADAS, and digital twin technology to stay ahead of global competitors.
Credit & Counterparty Risk
Increased trade receivables (INR 174 Cr) due to government contracts pose a risk of delayed collections, though management expresses confidence in recovery.