C.E. Info Systems Ltd (MAPMYINDIA) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- Management is confident H2 will be stronger than H1, supported by a substantial open order book and the recent go-live of a large oil & gas IoT contract.
- The company reiterated its full-year EBITDA margin guidance of 35%+, having already achieved 37.2% in H1, driven by operating leverage and sales synergies.
- Of the INR 174 crore receivables, management specified that approximately INR 100 crores pertains to the government segment, which is the primary focus for collection improvement.
Performance Overview
- The company demonstrated solid growth in Q2 with a 15.8% YoY increase in revenue and a significant 60% YoY rise in EBITDA, reflecting strong operational leverage.
- Automotive and Enterprise segments were key growth drivers, expanding by 52% and 44% respectively in Q2, securing new contracts and expanding with existing clients.
- Management is actively investing in AI, ML, and neural networks to enhance its map-led and IoT-led platforms for future growth.
- The company has successfully reduced inventory by half and is maintaining strong cash flows, enabling faster settlement of supplier accounts.
- Despite strong performance in other areas, the government business saw a de-growth in revenue compared to the same quarter last year due to a high-base effect from a one-off project.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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