C E Info Systems (MapmyIndia) announced on 1 December 2024, that it will continue focusing on its core B2B and B2B2C businesses. Rohan Verma, CEO and executive director, MapmyIndia will step down to float a business-to-consumer (B2C) venture. MapmyIndia will take 10% stake and provide an additional funding of Rs 35 crores via CCDs (compulsorily convertible debentures) in the new company. The CCD will convert to equity either after 10 years or at a 25% discount to any 3rd party valuation of new company whichever is earlier. Following the announcement, CE Info Systems' shares were hammered over 12% in two sessions last week as the move faced criticism from analysts due to concerns over transparency and potential conflicts of interest. In a swift reversal, the company announced today it will not invest in the outgoing CEO Rohan Verma's new venture. MapMyIndia's Board has reversed its decision to make any equity or debt investment in a proposed new company. The Board will continue to explore and evaluate various opportunities in respect to B2C, while re-calibrating its investments in B2C segment, said the company in the official statement. We believe that the decisions taken by the Board on 29th November 2024 and today, 9th December 2024 both are taken in the best interest of the Company and all its shareholders including minority shareholders, said Rakesh Verma, chairman and managing director of MapMyIndia, in the official statement. On the future outlook, the company aims to focus on the B2B and B2B2C segments, contributing to more than 99% of MapMyIndia's revenues. These segments also continue to represent a significant growth opportunity for the foreseeable future, according to the press release. C E Info Systems is India's leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, solutions and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). On a consolidated basis, net profit of C E Info Systems declined 8.20% to Rs 30.33 crore while net sales rose 13.82% to Rs 103.67 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

The Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99% of revenues and continues to represent a significant growth opportunity for the foreseeable future. MapmyIndia is a market leader in these segments with a strong track record of growth and profitability and will continue to invest in these segments for future growth. MapmyIndia's retail brand, Mappls, and the associated apps continues to be held by the Company. MapmyIndia's Board has reversed its decision to make any equity or debt investment in a proposed new company. The Board will continue to explore and evaluate various opportunities in respect to B2C, while re-calibrating its investments in B2C segment. Rakesh Verma, CMD, MapmyIndia, and Rohan Verma, CEO & Executive Director, MapmyIndia, said 'We believe that the decisions taken by the Board on 29th November 2024 and today, 9th December 2024 both are taken in the best interest of the Company and all its shareholders including minority shareholders. The Company and the Board believes it is important to ensure that the Company goes above and beyond to allay any apprehensions. MapmyIndia has always been run with the best of intent and Corporate Governance and will always be run like this. We execute well on our goals as can been seen from our track records of growth, profitability, capital allocation and innovation. We keep looking at future optionalities across the spectrum and proposals for value creation with careful consideration of all facts and contexts to arrive at decisions which are in the best long term interest of all shareholders and stakeholders. We remain on track to achieve our stated goals as articulated in our Investor Day in June, 2023.'Powered by Capital Market - Live

MapmyIndia's stock price has declined by 11.71% over the two trading sessions following the announcement of its B2C business spin-off. This move has drawn criticism for its lack of transparency. The spin-off is considered a related-party transaction, raising concerns about its fairness to public shareholders. C E Info Systems (MapmyIndia) announced on 1 December 2024, that will to continue focusing on its core B2B and B2B2C businesses. Rohan Verma, CEO and executive director, MapmyIndia will float a B2C new venture. MapmyIndia will take 10% stake and provide an additional funding of Rs 35 crores via CCD in the new company. The CCD will convert to equity either after 10 years or at a 25% discount to any 3rd party valuation of new company whichever is earlier. Verma will relinquish all executive responsibilities in the company and continue to be on the MapmyIndia board as a non-executive director (w.e.f. April 1, 2025) In sync with the company's strategic initiatives to support and nurture innovative businesses. The new company will be using the MapmyIndia's retail brand Mappls, whereas Mapmyindia which uses the brand for its B2B2C and B2G2C offerings will continue to have access to the same. The new company will operate as an independent entity and bear all expenses related to its business be it people cost, marketing cost and cloud cost. MapmyIndia founders (Rakesh Verma and Rashmi Verma) will have no part in the new entity. They will be completely focused on building MapmyIndia and have no other interests beyond MapmyIndia. The consumer business which is a cash consuming business will not affect MapmyIndia's books, since MapmyIndia will be a minority stakeholder in the newly formed, independent entity. C E Info Systems is India's leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, solutions and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS) and platform as a service (PaaS). On a consolidated basis, net profit of C E Info Systems declined 8.20% to Rs 30.33 crore while net sales rose 13.82% to Rs 103.67 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

Revenue from operations jumped 13.82% year on year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax stood at Rs 41.06 crore in Q2 FY25, down 8.18% from Rs 44.72 crore recorded in the corresponding quarter previous fiscal. EBITDA fell by 7.49% to Rs 37.5 crore in Q2 FY25 as compared to Rs 40.5 crore posted in same quarter last year. EBITDA margin reduced to 36.1% in Q2 FY25 as against 44.5% in Q2 FY24. Cash and cash equivalents (including financial instruments) stood at Rs 565.5 crore during the quarter as against Rs 517.9 posted in Q2 FY24. On half year basis, the company's net profit rose 1.76% to Rs 66.24 crore on 13.66% increased in revenue from operations to Rs 205.16 crore in H1 FY25 over H1 FY24. Commenting on the Q2 and H1 FY25 results, Rakesh Verma, Chairman and MD, MapmyIndia, said 'MapmyIndia has received official board approval to establish a joint venture with Hyundai Autoever, a wholly owned subsidiary of Hyundai Kia. MapmyIndia will hold a 40% stake with a capital investment of $4 million. The joint venture, named PT Terra Link Technologies, will be based in Indonesia and will concentrate on providing map-based solutions for automotive OEMs and other businesses across Southeast Asia. Estimated Revenue of JV would be to the tune of USD multimillion over the next 5 years with order booking and revenue commencing from FY26 itself. This JV will also benefit current customers of MapmyIndia. Our Q2 FY25 revenue from operations increased to Rs 104 crore, a 14% YoY growth and the first half of FY25 (H1 FY25) saw revenue growing to Rs. 205 crore as against Rs 181 crore in H1 FY24. EBITDA for H1 FY25 reached Rs 80 crore, yielding a margin of 39.1%, compared to Rs 78 crore and a margin of 43.2% in H1 FY24. EBITDA for Q2 FY25 was Rs 37.5 crore, yielding a margin of 36.1%, compared to Rs 40.5 crore and a margin of 44.5% in Q2 FY24. Decrease in margin is primarily due to investing on a continuous basis during the last four quarters in consumer business for the future growth and these investments are booked as expenses. Profit after tax (PAT) for H1 FY25 rose to Rs 66 crore, compared to Rs 65 crore in H1 FY24. Our IoT-led EBITDA margin improved significantly, rising from 7% to 14% during the same period. We are on track for achieving our goals of FY 27-28.' Sapna Ahuja, COO, MapmyIndia, said 'The overall market we serve faced challenges in Q2 FY25, but we managed to perform reasonably well thanks to our open orders and strong teamwork. In H1 FY25, our Automotive & Mobility Tech (A&M) revenue rose by 19.3% YoY, while our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 8.2%. Specifically, in Q2 FY25, A&M revenue increased by 27% to Rs 60.9 crore YoY. While C&E revenue remained steady at Rs 42.7 crore with our efforts during past many quarters, we finally could enter the international market with a significant win of PT Terra Link Technologies in the South East Asian region for map solutions. We successfully acquired new customers and deepened our relationships with existing clients through upselling and cross-selling. This included significant wins and go-lives across various sectors, including automotive, fleet management, tech startups, traditional corporations, government entities and defence. Our diverse range of solutions saw increased adoption, such as our ADAS and EV Mobility stack, video telematics for fleets, APIs and SDKs for app developers and enterprises, and geospatial solutions like 3D digital twin mapping. Additionally, the adoption of our consumer products continues to rise steadily.' Meanwhile, the board considered & approved the incorporation of a Joint Venture (JV) company in Indonesia between the company and Hyundai AutoEver (wholly owned subsidiary of Hyundai Motor Company), Korea with the name PT Terra Link Technologies with an initial capital of $10 million and the company has approved the investment of $4 Million for acquiring 40% stake in proposed JV. Further, the company's board has approved to further invest an amount of $0.5 Million in its wholly owned subsidiary company C.E. International Inc., USA in one or more tranches. C.E. Info Systems provides digital map data, GPS navigation and location-based services, software and customizing its products to customers (combined) through royalty, annuity, subscription.Powered by Capital Market - Live

The Board of C.E. Info Systems at its meeting held on 08 November 2024 has approved to further invest an amount of USD 0.5 Million in its Wholly Owned Subsidiary Company C.E. International Inc., USA in one or more tranches.Powered by Capital Market - Live

The Board of C.E. Info Systems at its meeting held on 08 November 2024 has approved the incorporation of a joint venture company in Indonesia between the company and Hyundai AutoEver (wholly owned subsidiary of Hyundai Motor Company), Korea with the name PT Terra Link Technologies with an initial capital of USD 10 Million and the Company has approved the investment of USD 4 Million for acquiring 40% stake in proposed JV.Powered by Capital Market - Live

Net profit of C.E. Info Systems declined 8.20% to Rs 30.33 crore in the quarter ended September 2024 as against Rs 33.04 crore during the previous quarter ended September 2023. Sales rose 13.82% to Rs 103.67 crore in the quarter ended September 2024 as against Rs 91.08 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales103.6791.08 14 OPM %35.7944.41 - PBDT46.2747.93 -3 PBT40.7044.20 -8 NP30.3333.04 -8 Powered by Capital Market - Live

C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live

Revenue from operations jumped 13.51% year on year (YoY) to Rs 101.49 crore in Q1 FY25. Profit before tax stood at Rs 47.15 crore in Q1 FY25, up 12.66% from Rs 41.85 crore recorded in the corresponding quarter previous fiscal. EBITDA grew by 14.3% to Rs 42.8 crore in Q1 FY25 as compared to Rs 37.4 crore posted in same quarter last year. EBITDA margin improved to 42.1% in Q1 FY25 as against 41.9% in Q1 FY24. Cash and cash equivalents (including financial instruments) stood at Rs 552.3 crore during the quarter as against Rs 492.4 posted in Q1 FY24. Rakesh Verma, chairman & managing director, MapmyIndia, said, 'Our Map-led business demonstrated strong growth of 17.2% and EBITDA margins of 50.1%. Our IoT-led business, as per our focus, showed tremendous growth of 89.6% in its High Margin SaaS revenue. During Q1FY25, we also expanded the capabilities and addressable market for MapmyIndia to cover AI-Driven Data Analytics & Consulting needs of customers across industry verticals, and this will be beneficial to MapmyIndia in the time to come. The levers for growth and profitability are in place, and we are on track towards our milestone of crossing Rs 1000 crore revenue by FY27/FY28.' Rohan Verma, CEO & executive director, MapmyIndia, said, 'During Q1FY25, our A&M (Automotive & Mobility Tech) revenue grew 9.5% and C&E (Consumer Tech & Enterprise Digital Transformation) revenue grew 16.9%. New customer acquisition as well as up-sell and cross-sell of newer use cases and solutions to existing customers were on track, with key wins and go-lives across all our customer segments including automotive, fleets, newage tech companies and traditional corporates, and the government, including defence. Our wide range of solutions saw increased adoption, such as our E-Horizon for ADAS & Advanced EVs, Video Telematics for Fleets, APIs & SDKs for app developers & enterprises, geospatial solutions including 3D digital twin mapping. Besides our offerings of MaaS, SaaS, PaaS and IoT devices, the new add-on ability to deliver AI-driven Data Analytics and Bespoke Consulting to Enterprise clients, will aid us in increasing our value proposition and share of wallet amongst our customers as we can aid them in their digital transformation journey, in an even bigger way. Finally, our consumer products' adoption continues to rise nicely.' C.E. Info Systems provides digital map data, GPS navigation and location-based services, software and customizing its products to customers (combined) through royalty, annuity, subscription. The counter advanced 2.06% to ends at Rs 2,226.90 on Friday, 9 August 2024.Powered by Capital Market - Live