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MapmyIndia declares Q3 & 9M FY22 results

Posted On : 2022-01-27 19:14:41( TIMEZONE : IST )

MapmyIndia declares Q3 & 9M FY22 results

C.E. Info Systems Ltd. ("MapmyIndia"), India's leading digital mapping, geospatial software and location-based IoT deep-tech company, announced today its financial results for the Third Quarter and Nine Months of FY2022 ended on 31st December 2021.

Commenting on the Q3 and 9M FY22 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said "Last quarter was special to us due to the stellar response we received to our IPO being subscribed 155 times. We gratefully welcome more than 1.3 lakh shareholders into our company. During the last quarter, Q3, and for the first nine months, 9M, of FY2022, we continued to manage and calibrate the company in a fiscally prudent manner, focusing on profitable growth over the course of the year, while relentlessly innovating on our technologies, products and platforms and focusing on expanding our reach to customers. The momentum for our products and platforms is strong and this will further cement our leadership position in the digital mapping and geospatial space."

Key Consolidated Financial Highlights for Q3 and 9M FY2022:

  • Q3 PAT margins were 36% on Total Income of Rs 52.1 Crores and Revenue from Operations of Rs 43.4 Crores.
  • Growth on 9M YoY basis i.e., for the period of 9M FY2022 vs 9M FY2021:
    • Revenue from Operations up 37% to Rs 143.4 Crores from Rs 105 Crores
    • EBITDA up 87% to Rs 62. 7 Crores from Rs 33.6 Crores
    • PAT up 60% to Rs 65.2 Crores from Rs 40.7 Crores
  • Margin Expansion on 9M YoY basis i.e., for the period of 9M FY2022 vs 9M FY2021:
    • EBITDA Margins expanded to 44% from 32%
    • PAT Margins expanded to 37% from 30%

Shares of C E Info Systems Limited was last trading in BSE at Rs. 1436.35 as compared to the previous close of Rs. 1483.65. The total number of shares traded during the day was 40469 in over 4532 trades.

The stock hit an intraday high of Rs. 1522.00 and intraday low of 1417.40. The net turnover during the day was Rs. 60005590.00.

Source : Equity Bulls


CEInfoSystems MapmyIndia Q3FY22 9MFY22 ResultUpdate