The same stood at INR 32 crore in the corresponding quarter of the previous financial year.
The company’s revenue from operations grew 13.5% Y-o-Y to INR 101.5 crore in the first quarter of FY25 against INR 89.4 crore in the year-ago period.
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“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 INR 1000 Cr revenue by FY27/FY28,” said Rakesh Verma, Chairman and Managing Director of MapmyIndia while commenting on the Q1FY25 performance of the company.
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).
The company provides its digital maps, software products, platforms, application programming interfaces (“APIs”), IoT and solutions to newage tech companies, businesses across industry verticals, automotive OEMs, government organisations, developers and consumers, under the Mappls MapmyIndia brand.
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