Q1 2025 CE Info Systems Ltd Earnings Call Transcript
Key Points
- Revenue grew by 13.5% to INR101 crore, indicating a strong start to FY25.
- EBITDA margin increased significantly from 14.3% to 42.8%, showcasing improved operational efficiency.
- Profit after tax (PAT) grew by 12% from INR32 crores to INR36 crores.
- New customer acquisition and upselling/cross-selling efforts have shown good progress.
- The company has a robust open order book of INR1,300 crore, providing a solid foundation for future revenue growth.
- Sales of hardware declined significantly from INR15 crores in Q1 FY24 to INR8.9 crores in Q1 FY25.
- There was a noticeable increase in technical services outsourcing costs, which rose to INR11 crores.
- Legal issues with Ola Electric for breach of contract terms could pose a risk.
- Concerns about competition from Ola Maps and Google Maps, although the company remains confident in its market position.
- The IoT hardware segment saw a 42% year-on-year decline in revenue, raising questions about future growth in this area.
Ladies and gentlemen, good day, and welcome to the C.E. Info Systems, MapmyIndia, Q1 FY25 Earnings conference call hosted by Anand Rathi Shares and Stock Brokers. (Operator Instructions)
I now hand the conference over to Mr. Shobit Singhal from Anand Rathi Shares and Stock Brokers. Thank you, and over to you, sir.
Thank you, Steve. Good morning, everyone. On behalf of Anand Rathi Shares Institution Equities, we welcome you all to Q1 FY25 conference call of C.E. Info Systems, 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 Saurabh Somani, Company Secretary.
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.
Thank you,
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