Full Year 2024 CE Info Systems Ltd Earnings Call Transcript
Key Points
- CE Info Systems Ltd (BOM:543425) achieved all-time highs in revenue, EBITDA, and PAT for Q1 FY24.
- EBITDA margin for the map-led business was strong at 54%, and the IoT-led business saw an increase to 6.3% from 4.0% last year.
- The company outlined a 5-year vision for growth and is laying the foundations for long-term success.
- The Mappls MapmyIndia app has seen a surge in interest and usage, becoming the top app in the app store.
- The company is experiencing broad-based revenue growth across automotive, mobility tech, consumer tech, and enterprise digital transformation segments.
- Despite the strong performance, the IoT-led business still has relatively low EBITDA margins compared to the map-led business.
- The company faces potential competition, especially given its high margins, which could attract new entrants.
- There is uncertainty regarding the long-term sustainability of margins, especially with the expansion into lower-margin IoT and drone businesses.
- The international business is still in its early stages and not yet a significant contributor to revenue.
- The company has not provided specific revenue projections for the drone segment, adding uncertainty to its future impact.
Ladies and gentlemen, good day, and welcome to MapmyIndia's Q1 FY24 earnings conference call, hosted by Anand Rathi Shares and Stock Brokers. (Operator instructions) Please note that this conference is being recorded.
I would now like to hand the conference over to Mr. Shobit Singhal from Anand Rathi Shares and Stock Brokers. Thank you, and over to you, sir.
Thank you, Carol. Good morning, everyone. On behalf of Anand Rathi, we welcome you all to Q1 FY24 conference call of C.E. Info Systems or MapmyIndia. We have with us today Mr. Rakesh Verma, Co-Founder and Chairman of the company; Mr. Rohan Verma, CEO and Executive Director of the company; Mr. Anuj Jain, CFO; and Mr. Saurabh Somani, Company Secretary and Compliance Officer of the company. I will now hand over the call to Mr. Rakesh Verma for his opening remarks.
Post that, we will open the floor for Q&A session. Thank you, and over to you, sir.
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