C. E. Info Systems Full Year 2024 Earnings: Beats Expectations

C. E. Info Systems (NSE:MAPMYINDIA) Full Year 2024 Results

Key Financial Results

• Revenue: ₹3.79b (up 35% from FY 2023).
• Net income: ₹1.34b (up 25% from FY 2023).
• Profit margin: 35% (down from 38% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹24.77 (up from ₹19.99 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

C. E. Info Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%.

In the last 12 months, the only revenue segment was Map Data and Map Data Related Services (GPS Navigation, Location-Based Services and Iot) contributing ₹3.79b. The largest operating expense was General & Administrative costs, amounting to ₹387.3m (37% of total expenses). Explore how MAPMYINDIA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in India.

Performance of the Indian Software industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for C. E. Info Systems (1 is concerning!) that you should be aware of.

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