EBITDA improved by 38% to Rs 38.6 crore in Q3 FY24 from Rs 27.8 crore in Q3 FY23. EBITDA margin was 42% in Q3 FY24 as against 41% in Q3 FY23.

Profit before tax for the period under review was Rs 42.1 crore, which is higher by 18% as compared with the pre-tax profit of Rs 35.7 crore recorded in the same period last year.

Rohan Verma, CEO & executive director, MapmyIndia, said “We are excited about Q4FY24, with a strong order book build up based on very large new wins and look forward to sharing developments shortly.

YTD (9MFY24) Revenue growth was broad-based, with Automotive & Mobility Tech (A&M) up 19.5% and Consumer Tech and Enterprise Digital Transformation (C&E) up 43.1% on the market side, while Map & Data was up 37.6% and Platform & IoT was up 26.5% on the product side.

We had multiple wins and go-lives across our Auto OEM NCASE suite with an exciting funnel ahead. We also had multiple wins and go-lives across consumer tech companies & enterprises and in the government based on Map-led & IoT-led digital transformation.

We started a strong 360-degree marketing push for our consumer business, which was highly effective, yet cost-efficient in increasing Mappls MapmyIndia brand awareness and product traction. We’re happy to see the start of ad-revenue monetization of our App & sales growth of our Gadgets.”

C.E. Info Systems is India’s leading advanced digital maps and deep-tech company, popularly known in India as MapmyIndia and globally as Mappls. The company offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS), including its advanced digital map data, software products, platforms, application programming interfaces (APIs), IoT and solutions to new-age tech companies, large businesses, automotive OEMs, government organisations, developers and consumers.

The scrip fell 2.28% to currently trade at Rs 1991 on the BSE.