Submission of Q2FY27 Earnings Call Transcript

MAPP LS® November 07, 2026 The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra Kurla Complex, Bandra (East) Mumbai 400 001 Mumbai 400 051 BSE SCRIP Code: 543425 NSE Symbol: MAPMYINDIA Subject: Submission of Transcript for Q2FY2027 Earnings Call. Dear Sir / Madam, Pursuant to our letter dated October 28, 2026, please find enclosed herewith communication relating to Q2FY2027 Earning Call. The said conference call with Institutional Investor / Analyst was held on November 04, 2026 to discuss the financial results of the Company for the quarter ended September 30, 2026. The aforesaid information is also disclosed on the website of the Company i.e. www.mapmyindia.com Kindly acknowledge the receipt of the same. Thanking you. Yours faithfully, For C.E. Info Systems Limited Saurabh Surendra Somani Company Secretary & Compliance Officer C.E. INFO SYSTEMS LIMITED (Previously known as C.E. Info Systems Pvt Ltd) 237, Okhla Industrial Estate, Phase-Ill, New Delhi-110020, Mappls Pin: mappls.com/mmi000, e-Mail: contact@mapmyindia.com / contact@mappls.com Website:www.mapmyindia.com/ www.mappls.com, Phone: +91-011-4600 9900, CIN: L74899DL 1995PLC065551, A CMMl-3 & ISO Certified Company MAPP LS “C.E. Info Systems Limited Q2 FY27 Earnings Conference Call” November 04, 2026 MAPPLS <-•· " MANAGEMENT: MR. RAKESH VERMA – CO-FOUNDER, MANAGING DIRECTOR AND GROUP CHAIRMAN – C.E. INFO SYSTEMS LIMITED MR. ROHAN VERMA – JOINT MANAGING DIRECTOR – C.E. INFO SYSTEMS LIMITED MODERATOR: MR. ANMOL GARG – DAM CAPITAL ADVISORS LIMITED Page 1 of 10 C.E. Info Systems Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to C.E. Info Systems Q2 FY27 Earnings Conference Call, hosted by DAM Capital Advisors Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, than zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Anmol Garg from DAM Capital Advisors Limited. Thank you, and over to you, sir. Anmol Garg: Yes. Thanks, Iqra. Good evening, everyone. On behalf of DAM Capital, we welcome you all to Q2 FY27 conference call of MapmyIndia. We have with us Mr. Rakesh Verma, Co-Founder and Group Chairman; Mr. Rohan Verma, Joint MD. I'll now hand over the call to Mr. Rakesh Verma for his opening remarks. Post that, we can start with the Q&A session with the entire management team. Over to you, sir. Rakesh Verma: Thank you, Anmol. This is Rakesh Verma, and good afternoon to all the participants. I'll be doing a short introduction for today, and then I'll ask Rohan to add more color to it, and then we leave it for Q&A. Let me say something which will be good for the investors to understand MapmyIndia a bit better. See, there are 5 different things we consider in running the business. One is the market segment, which is automotive, enterprise and government and the other is the product solutions, which is Map-led and IoT-led. Now, these are the 5 things or 5 areas that MapmyIndia looks at from a holistic perspective to see how our business keeps growing. What it means is there might be one impact on one part of it in one quarter. There might be another impact on another area in another quarter. So, this is something for all of -- all the participants and investors need to understand that. Keeping that in mind, I'll say that for the last 3 quarters, MapmyIndia has been registering a very good growth in all the 3 parts, be it revenue or EBITDA or PAT. In this quarter, Q2 year-on- year, revenue has grown 15.8% for the -- EBITDA has grown 60% and PAT has grown 90%. If we look at the half year for the H1, the revenue has grown 18.4%, EBITDA has grown 20.4% and PAT has grown 32%. Now, if I tell you some other qualitative things, I would like to share with you that the management is investing in its technology in a big way for future readiness. And in that context, we are further strengthening leadership team across technology, product and business to support the next phase of growth. In parallel, we are embedding AI, ML and neural networks across our Map-led and IoT-led platforms, spanning intelligent mapping, navigation, in-vehicle intelligence, telematics, Page 2 of 10 C.E. Info Systems Limited November 04, 2026 analytics and workflow automation. Backed by over 3 decades of technology innovation, proprietary data, deep domain expertise and it's differentiated geospatial and IoT platform, we are well positioned to accelerate AI-led innovation, create new growth opportunities and drive sustainable profitable growth. I will ask Rohan to give you more color to the way the business happened during the Q2 and whatever guidance he has to give for the future. Rohan Verma: Thank you, Mr. Verma, and good afternoon, everybody. I'll start by, kind of, talking about how the Map-led and IoT-led business both did, seeing strong growth across both of the segments. Map-led in Q2 reached INR76.7 crores. EBITDA margin was 41.6%. And in the first half of the year, EBITDA margin for Map-led was 47%. IoT-led reached INR55.1 crores of revenue and EBITDA margin of 23.8% in Q2 and H1 IoT-led margin was around 19.2%. So we're seeing strong EBITDA margins in both the product-led businesses. Now, when it comes to automotive, enterprise and government, our market-wise segment, we saw pretty strong growth in automotive, growing about 52% in Q2 and 40% overall in H1. And a bunch of interesting wins were there when it comes to automotive, especially now the commercial vehicle segment with our navigation solution localized for that as well as a leading 2-wheeler OEM where we've secured the contract renewal besides a bunch of new Go-Lives across 4-wheeler, 2-wheeler and more IoT deployments across line-fitment and aftermarket implementation. Then, enterprise also had a pretty strong growth of 44% in Q2. And again, some very, very interesting wins, especially some very large delivery -- last mile delivery and quick commerce as well as last mile logistics customers. One very large customer we won this past quarter, especially for the entire software stack, which is based on our workflow -- workforce automation solution and also an existing very large quick commerce customer of ours continue to scale very high in terms of their volumes, 5x, which is a good thing from our perspective, as well as a quick commerce customer is using us for their analytics for dark-store expansion. Similarly, on the BFSI side, some interesting customers for our Geo-Verify and Geo-Fi platform, NBFCs and so on and a large telecom operator for their kind of network expansion. Finally, on the government side, compared to last quarter -- last year, same quarter, there was a one-off revenue win that year -- that quarter. So revenue has degrown compared to that. But in this quarter, compared to previous quarter, revenue has grown. We focused on some key Go-Lives like in the oil and gas upstream sector, kind of digital twin for underground and over-ground as well as in the national disaster response segment, our first win there, which itself can become a very large vertical going forward and some other wins are also there in the government side. Page 3 of 10 C.E. Info Systems Limited November 04, 2026 In general, when it comes to, kind of, the financial management for the company, inventory has been brought down to half. So that management is going well. Customer collections time lines are steady right now. We, of course, want to keep improving it. And in terms of, kind of, our cash flows are strong, and we are settling supplier accounts faster. So that's an overall on the different parts of the business. Rakesh Verma: Yes, Anmol, you can now... Moderator: [Showing first 8,000 characters — download PDF for full document]