C.E. Info Systems (MAPMYINDIA) Q3 24/25 earnings summary

Executive summary

• Operationalized joint venture with Hyundai AutoEver in Indonesia, expanding global presence.

• Mappls App and brand remain core strategic assets, supporting B2B and B2B2C businesses.

• Strong customer acquisition and upselling across automotive, tech, government, and defense sectors, with major deals in social media, quick commerce, and BFSI.

• Un-audited standalone and consolidated financial results for Q3 and nine months ended December 31, 2024, were approved by the Board and reviewed by the Audit Committee.

• Limited review reports from statutory auditors confirm no material misstatements in the financial statements.

Financial highlights

• Q3 FY25 consolidated revenue reached ₹11,454 lakhs (₹115 crore), up 25% year-on-year; nine-month revenue was ₹31,971 lakhs (₹320 crore), up 17% year-on-year.

• Q3 FY25 EBITDA was ₹42 crore (36% margin), compared to ₹36 crore (39%) in Q3 FY24; nine-month EBITDA at ₹122 crore (38% margin), versus ₹114 crore (42%) last year.

• Q3 FY25 PAT was ₹3,232 lakhs (₹32.3 crore), up 4% YoY; nine-month PAT was ₹9,857 lakhs (₹99 crore), up from ₹9,614 lakhs (₹96 crore) year-on-year.

• Cash and cash equivalents as of Dec 2024: ₹603.8 crore.

• Basic EPS (consolidated) for Q3 FY25 was ₹5.96, up from ₹5.58 in Q3 FY24; nine-month EPS was ₹18.13, up from ₹17.76 year-over-year.

Outlook and guidance

• Confident in achieving 25% full-year revenue growth target despite 17% growth in nine months.

• Targeting ₹1,000 crore revenue by FY28, maintaining 25% annual growth trajectory; plans to cross ₹1,000 crore by FY27/FY28, targeting a CAGR of 35-40%.

• Board and management express strong confidence in execution and team capability.

• Strategic focus on expanding B2C and international markets, product innovation, and selective M&A.

• Intends to rationalize B2C-related expenses and calibrate costs from Q4 onwards.