Submission of Earnings Call Transcript held for Q4FY26 Results

C.E. Info Systems (MapmyIndia) reported strong sequential recovery in Q4 FY26, with revenue up 54.8% QoQ, EBITDA up 141% and PAT up 171%. Q4 EBITDA margin expanded 460 bps YoY to 44.6% and PAT margin to 31.3%. The full-year revenue grew modestly from INR463 crore to INR474 crore. Management attributed the weak FY performance to delayed government contracts and customer-side execution issues (e.g., an IoT automotive order delayed by regulatory compliance and a large government order delayed by the client). These deferred revenues are expected to flow into FY27. The company highlighted a strong order pipeline of over INR1,750 crore and booked INR780 crore in new orders in FY26. IoT-led EBITDA margin was 33% in Q4 and 16% for the full year, with management seeing further room for expansion. Cash position stands at ~INR600 crore. Management reiterated the INR1,000 crore revenue target for FY28 and plans to restructure segment reporting into Auto & Retail, Corporate, and Government going forward.